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I don't think we need a detailed study for most everyone to accept that fiat cash is several orders of magnitude less energy costly than bitcoin
by paul_f 6y ago
I don't think we need a detailed study for most everyone to accept that fiat cash is several orders of magnitude less energy costly than bitcoin
- tal8d 6y agoYou couldn't be more wrong, even the people complain about this made up problem will admit it when pressed. Follow the link and see for yourself.
- mlthoughts2018 6y agoYou’re not factoring in the military industrial complex cost of military enforcement of fiat currencies. You have to be factoring in the cost of militaries, fossil fuel exploits, and more. The cost of operating US dollars as a transactional concept is many, many, many orders of magnitude greater energy cost than Bitcoin.
- programmarchy 6y agoWhat’s hilarious about this argument is that people with an axe to grind with cryptocurrency suddenly become hyper-libertarians. They criticize its waste and inefficiency, while lauding fiat currency backed by the state, with all its largesse, as a paragon of efficiency. It’s sour grapes disguised as moral righteousness.