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I have been in a similar situation and to me it's one of the main reasons why we need cryptocurrencies.
by easymodex 7y ago
I have been in a similar situation and to me it's one of the main reasons why we need cryptocurrencies.
- jedberg 7y agoCryptocurrencies don't solve this problem, but they do lack the regulations and baggage that cause it.
- majewsky 7y agoNot at all. The Single European Payment Area solves these issues without wasting a gargantuan amount of energy.
- easymodex 7y agoIsn't all the infrastructure, people employed, offices and everything needed to support something also a waste of energy if it can be replaced by some lines of code? Also with your energy wasting straw man remark i assume you are talking specifically about bitcoin which is just one of many cryptocurrencies and a lot of them aren't based on proof of work.
- majewsky 7y agoSure, there is a lot of energy expended for the traditional banking infrastructure. It also serves multiple magnitudes more transactions than any cryptocurrency.
- dnadler 7y agoI'll take my government insured bank account over cryptocurrency any day of the week.