According to [0], a single bitcoin transaction has a CO2 footprint of 300 kg. Printing a $100 bill costs 20 cents according to [1]. I don't think there is a me

According to [0], a single bitcoin transaction has a CO2 footprint of 300 kg. Printing a $100 bill costs 20 cents according to [1]. I don't think there is a meaningful way to produce 300 kg of CO2 by spending 20 cents, even if that was all you were trying to do. And then consider that a bill sees on the order of 100 reuses (and coins live significantly longer). Transportation is far harder to estimate, but unless you're driving hundreds of miles for each (average) transaction, you're not going to get anywhere near 300 kg, as road vehicles are in the ballpark of 20 kg CO2 per 100 km. So no, CO2 impact of physical money is orders of magnitude below bitcoin. Bitcoin is not remotely offsetting anything there. [0]: https://digiconomist.net/bitcoin-energy-consumption/ https://digiconomist.net/bitcoin-energy-consumption/ [1]: https://www.federalreserve.gov/faqs/currency_12771.htm https://www.federalreserve.gov/faqs/currency_12771.htm