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Cryptocurrencies consume a miniscule fraction of the energy that the legacy financial system wastes on office buildings, data centers, air travel and commuting
by panarky 9y ago
Cryptocurrencies consume a miniscule fraction of the energy that the legacy financial system wastes on office buildings, data centers, air travel and commuting employees.
Why doesn't anyone complain that JPMorgan will "cost us our clean-energy future"?
The great thing about a financial system defined by open-source software is that true innovation happens every day. Already we see testing with proof-of-stake, lightning network, etc. that are vastly more energy efficient.
- xiphias 9y agoThe biggest waste of the legacy systems are currency wars. Keeping up the petrodollar is wasting millions or at least hundres of thousends of people's life every year. There may be one more war agains Bitcoin, but if all of us convert to sound money, the ROI of wars go down substantially.