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All money has cost. How does Bitcoin cost compare to the cost of the mint and keeping dollars in circulation?
by ngneer 6y ago
All money has cost. How does Bitcoin cost compare to the cost of the mint and keeping dollars in circulation?
- karpour 6y agoMassive. Just as an example, a Bitcoin transaction uses 12.000.000 times as much energy as a VISA transaction. I'm honestly getting tired of this argument. Just think about how much energy a Bitcoin transaction uses. Then scale that up to the entire U.S. worth of transactions. Go figure.
- effie 6y agoThe difference in capabilities is also massive. With VISA you need also a good standing with the Uncle. With bitcoin nobody can stop the transaction.
- AnIdiotOnTheNet 6y agoArguments like this are evidence that many BTC enthusiasts are at least as delusional as people who insist the 2020 US election was massively rigged.