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It’s not just doing transactions. It’s maintaining $300billion in global wealth and rising every day, without any institutions or government. I’m sure the tradi
by seibelj 9y ago
It’s not just doing transactions. It’s maintaining $300billion in global wealth and rising every day, without any institutions or government. I’m sure the traditional financial system uses a lot of power as well...
- ajdlinux 9y agoThe IBM mainframes that run most of the global financial system and maintain a few orders of magnitude more of global wealth are reasonably power hungry, yes, but I don't think the system averages consumption of kilowatt hours of energy every single time I swipe my credit card.
- seibelj 9y agoThe act of transferring BTC doesn’t magically cause hundreds of megawatts of power to be wasted. Your transaction happening or not happening doesn’t alter the electrical useage of the system. The system uses electricity to protect itself from being taken over by a malicious actor.