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What's the energy cost of a financial sector that takes a ~3% cut of all retail transactions, puts up physical bank branches to manage money, empowers a federal
by kyrieeschaton 6y ago
What's the energy cost of a financial sector that takes a ~3% cut of all retail transactions, puts up physical bank branches to manage money, empowers a federal reserve to manage the value of currency with more or less competency... Comparing BTC energy costs to some mythical world where we just burn free lunches for heat is not honest.
- MrMan 6y agoBitcoin is a tiny part of that world and simply becomes part of it.
- waynesonfire 6y agoThere is nothing about BTC that deprecates the issues you present.
- kyrieeschaton 6y agoBTC trivially avoids, eg, chargebacks. It is effectively the only money transmission mechanism that verifiably does do.