3 ms·
Bitcoin is only a microscopic fraction of the whole fiat currency that is around, processes an even more abysmal fraction of the total transactions per day and
by tigershark 9y ago
Bitcoin is only a microscopic fraction of the whole fiat currency that is around, processes an even more abysmal fraction of the total transactions per day and it uses basically the same amount of energy as the whole global currency production as per your post.
Ah, and this energy cost will only go up because of the increase in difficulty.
It’s like saying that 10000 people that for a living are destroying the Amazonian forest are positively green because they do less harm than the whole coal burning that happens in the world.
Honestly I can’t wait for the day when this cancer for the whole humanity will disappear.
- patrickaljord 9y ago> Honestly I can’t wait for the day when this cancer for the whole humanity will disappear. I have bad news for you, we will probably all end up using cryptocurrencies eventually. Even banks are starting to see the writing on the wall. It is just a superior technology to fiat https://www.cnbc.com/2018/02/23/bank-of-america-worried-about-threat-of-cryptocurrency-to-its-business.html https://www.cnbc.com/2018/02/23/bank-of-america-worried-abou...