3 ms·
You make it sound as if it is reasonable for a transaction is to cost 2kWh, that is a huge amount of electricity/energy. If anything that used that much energy
by layoric 7y ago
You make it sound as if it is reasonable for a transaction is to cost 2kWh, that is a huge amount of electricity/energy. If anything that used that much energy became the dominant means of payment, the average person would use more energy in payments than they would in powering their home in a day.
Trip to the shops, but fuel, some take away and a few things online when you get home and you’ve used 10-16 kWh of energy, multiple that by a population (even a small one), and even the massive investment into renewables that there is now will be quickly eclipsed.
Adding transactions that are so intensive to people’s everyday energy consumption would be a huge step backwards IMO.
- dr_win 7y agoWho is claiming that bitcoin transactions will be used by average person for everyday payments? Making a bitcoin transaction is like recasting gold bars - not something you want to do often with small amount of gold. This will be done only for large individual payments or for large settlement payments aggregating thousands or millions of normal payments. Everyday payments will be performed on second or higher layers (e.g. Lightning Network)