3 ms·
Compare apples to apples. Take the entire worlds banking infrastructure for credit card processing and banking. (Getting an estimate for that would be an inte
by mey 9y ago
Compare apples to apples. Take the entire worlds banking infrastructure for credit card processing and banking. (Getting an estimate for that would be an interesting exercise). How does that stack up to the energy usage of bitcoin adjusted for total value, transaction volume, etc.
Dismissing it as not a problem or potential problem by pointing out even bigger problems doesn't make it not a problem. See https://en.wikipedia.org/wiki/Whataboutism https://en.wikipedia.org/wiki/Whataboutism
- mikeash 9y agoThe difference in transaction volumes is striking. The US financial industry alone does millions of transactions per second, whereas Bitcoin manages about 3.