4 ms·
I've never seen an energy consumption breakdown of what it takes to run the branches of the Federal Reserve or the Treasury. Do you have any primary source mate
by im_down_w_otp 5y ago
I've never seen an energy consumption breakdown of what it takes to run the branches of the Federal Reserve or the Treasury. Do you have any primary source material on that?
- gwicks56 5y agoThe USA dollar is the settlement currency of the world. Which means you are really looking at the energy use of the Army/Navy/Air-force. If, in this hypothetical future, BTC became the settlement record.
- ramchip 5y agoI don't follow this reasoning - why would moving to BTC as a global settlement currency make armed forces obsolete?
- wwweston 5y agoIf you assume: (a) the energy of the Army/Navy/Air-force supports nothing other than US currency (b) no force would be necessary to back compliance with entries in a crypto ledger
- jayd16 5y agoAs if BTC would somehow eliminate the army, navy and air-force.
- FpUser 5y agoWar in Libya was initiated to prevent erosion of the US dollar as a world reserve currency among the other things. You are free to calculate how much energy went into it. I am sure there are more big energy consuming "contributions" in facilitating current financial system.