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A counter argument I heard recently: all of the work and resources we need to have physical money is comparable in energy needs and environmental consequences.
by niels_bom 6y ago
A counter argument I heard recently: all of the work and resources we need to have physical money is comparable in energy needs and environmental consequences.
I have no source at hand.
I’m also not sure what to think of it.
- SomewhatLikely 6y agoThat would still be a damning statistic given how tiny a portion of overall transactions are done through crypto.
- paulmd 6y agoAnd the economics of reversibility depend on that number increasing as the amount of economic value transacted increases. If 0.01% of the world's money moves through bitcoin today, if you want that to be 10% then you're going to have to spend 1000x more energy to keep the network secure.