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Existing financial frameworks sit on top of the whole lot of trust-providing institutions, that include governments and us army. If you would compare energy con
by Muromec 5y ago
Existing financial frameworks sit on top of the whole lot of trust-providing institutions, that include governments and us army. If you would compare energy consumption of all that, bitcoin could be cheaper alternative. Maybe.
- qqqwerty 5y agoBitcoin sits on top of those very same institutions as well. The only thing stopping criminal gangs from stealing the keys to your wallet forcibly at gunpoint is the justice system. And the blockchain could not exist without the massive government subsidized investments in network infrastructure.