While the energy consumption of bitcoin is debatable due to the unknown usage of clean, renewable energy (some reports are at 75%) to to secure the network and

While the energy consumption of bitcoin is debatable due to the unknown usage of clean, renewable energy (some reports are at 75%) to to secure the network and prevent bad actors, even for arguments sake, we can agree the energy consumption is extremely large. We also do not know how much energy is required to maintain SWIFT, or the global ACH network and other banking services. However, some of the biggest plagues to society are rooted in central banking policies that over time devalue a nations currency through excessive money printing backed by nothing, or gambling via derivatives that when a bubble pops requires bailouts. Even worse, where we are now is done via quantitative easing which is a fancy word for more money printing to buy government debts to keep the economy afloat. If Bitcoin or other cryptocurrencies can provide all the same services banks offer (borrowing/lending/saving) and be backed by a finite number ensuring value over time then we, as a society will be less manipulated by politics and therefore experience deflation which will could close wealth gaps. Bitcoin may have an energy problem but the problems it aims to solve are extremely important as well. “Necessity is the mother of invention.” If Bitcoin can really solve some areas maybe the conversation should be about how can get 100% of BTC energy consumption to be renewable.