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Compare it to the amount of CO2 that the banking sector is emitting now. All those pointless buildings, branches, offices, computers, employees going to work ev
by knocte 7y ago
Compare it to the amount of CO2 that the banking sector is emitting now. All those pointless buildings, branches, offices, computers, employees going to work everyday. To me, bitcoin feels much more efficient.
Sure btc is not perfect, and humanity might come up with something better soon. Until then, let's switch to the better technology that exists today.
- xiphias2 7y agoIf you really want to see the amount of suffering that is happening from the banking sector, look at the high house prices that 0% interest rates allow for the selected few insiders (mainly bankers and their friends) who can borrow money for free. I personally know many people who have to leave far from their workplace in a tiny room because they can't buy an apartment close to their workplace, and they don't even have the means to spare for an apartment.
- thrwway483246 7y agoGood point. I'm curious how they compare in terms of size.
- mytherin 7y agoThe amount of transactions performed by bitcoin is laughably low. It performs around 10 transactions per second. This is not even enough to handle the transactions of a small city, yet it consumes as much electricity as an ENTIRE large city. If the banking industry was anywhere close to this inefficient it would be responsible for almost all CO2 emissions worldwide.
- knocte 7y agoLook into layer2 technologies (e.g. Lightning network), scalability is a solved problem.