Just to head off the pro-Bitcoin trolls ... > For many people there is no "institutional" trust as Schneier describes. Nobody thinks of the banking industry a

Just to head off the pro-Bitcoin trolls ... > For many people there is no "institutional" trust as Schneier describes. Nobody thinks of the banking industry as a role model. But everybody relies on going to the ATM for successful withdrawals. That's the trust that Schneier was referring to, not your personal spirit quest. > Equifax ... is not a bank. > massive amt of electricity used in gold mining Gold is a rare element, with tangible uses. > Please read Bitcoin Standard once ... Nobody denies the mathematics, so mentioning the math is just a red herring used by apologists - "if you only knew what I know" > so many banks employing millions of people and using so much computation to print money out of thin air Most large banks are run on a single mainframe computer (Tandem or IBM) with low-power terminals at branches. That mainframe consumes about as much power as one mining rig. Source: worked at a national-level bank in their data center.