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You are comparing oranges and apples. But let us assume that all those thousands of financial institutions and their associated infrastructure are just there t
by tobltobs 9y ago
You are comparing oranges and apples.
But let us assume that all those thousands of financial institutions and their associated infrastructure are just there to handle transactions.
Bitcoin is doing about 20 tx/s and Bitcoin mining uses as much energy as the nation of Denmark.
Visa is doing about 1700 tx/s.
> Renewables! Almost free, unlimited energy!
Oh man, I should have been reading your last sentence a bit better. With all those cryptomaniacs my sarcasm detector is a bit confused.
- deevolution 9y ago> Bitcoin is doing about 20 tx/s > Visa is doing about 1700 tx/s combine the tx/s of all the cryptocurrencies out there right now and I assure you it exceeds Visa's 1700 tx/s. NOT ALL TRANSACTIONS HAVE TO HAPPEN ON THE BITCOIN NETWORK! There are thousands of coins!
- tobltobs 9y agoWhen I combine all tx/s of all the cryptocurrencies I need even more energy. Also Visa is only just one company, there are also Master, American Express, Paypal, SEPA transactions and a lot more. So I don't understand what you try to tell me and how screaming improves your argumentation.