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>Bitcoin is digital gold. No. Gold doesn't consume a small country worth of energy just to exist.
by weregiraffe 6y ago
>Bitcoin is digital gold.
No. Gold doesn't consume a small country worth of energy just to exist.
- natenthe 6y agoYou are comparing apples to oranges. Bitcoin cuts out middlemen, like banks. The finance industry and banks are much larger energy consumers than the Bitcoin network. Comparing a world with Bitcoin versus a world without Bitcoin is an invalid comparison. If you'd like to compare energy consumption, do an analysis of companies that incorporate Blockchain-based cryptocurrencies like Bitcoin versus business models that use traditional banks (and look at the energy consumption of those financial transactions).