3 ms·

How much of the world’s energy do you think the petrodollar system consumes?

by wyager 5y ago

Workaccount2 5y ago
That energy has output besides random hashes.
- axx0 5y ago
  a global p2p payment network has value.
  - Hamuko 5y ago
    So does a vehicle yet taking a private plane to the shop might be excessive.
  - cabbageoverload 5y ago
    If people were using Bitcoin for that purpose I might agree.
- fleddr 5y ago
  Can you send me some of these random hashes? Since they're worthless? Bitcoin secures over a trillion USD. 1 in 6 Americans own Bitcoin and user growth is faster than the rise of the internet and Facebook combined. Companies/Wallstreet are in, VCs are in, the first country has used it as a legal currency. And yet you're still on this 12 year old narrative that it's worth zero?
  - Workaccount2 5y ago
    >Can you send me some of these random hashes? Since they're worthless? WKRQE0GD2T074CCH6ZOH5DYFI4TX3RMEIKHS7AWEUVYEH030GA1B36U8C1L4OWEC 5DYFI4TX3RMEIKHS7AWEGEALOI1LNLZLHKGQ2I8MJEU1XAAQPRG5MUYXXNFR9QRQ W1T7OR1UZ20L6MAXB202PWTN0YQR4IXZ851CS6LB1HUL7AALT9Z8K1OZW7FIK9IS Y112I5BI0RQ04G6LS1XZ3V4C6CY5G97IOYQ0EJSLRQ6CK4ZGCMNXHH2O3NQQ4RVK XEIKU2MHPTOQOBPG3TCT09SBPGKR0WZ0UX119IBBBB0HORXV1F0YNF18ADQHE21I Go wild
    - fleddr 5y ago
      I meant privately, now my wallet is leaking.
  - nickthegreek 5y ago
    Where is this 1 in 6 figure coming from.. that doesn't sound right at all.
    - fleddr 5y ago
      Admittedly, the stats are not fully consistent. This is due to the fact that it's hard to conclude on actual human users based on the amount of wallets. I've seen reports saying 1 in 6, 11%, and there's this report: https://explodingtopics.com/blog/blockchain-stats https://explodingtopics.com/blog/blockchain-stats ...which states 22% of US adults. If you select for a somewhat younger population (non-boomers), it's even 33%. So I think the point stands, whether you pick the lowest or highest number amidst these studies. Bitcoin/crypto is far more widespread than some people think.
- wyager 5y ago
  Like bombs?

How much of the world’s energy do you think the petrodollar system consumes?

by wyager 5y ago

How much of the world’s energy do you think the petrodollar system consumes?

Workaccount2 5y ago

That energy has output besides random hashes.

axx0 5y ago
a global p2p payment network has value.
- Hamuko 5y ago
  So does a vehicle yet taking a private plane to the shop might be excessive.
- cabbageoverload 5y ago
  If people were using Bitcoin for that purpose I might agree.
fleddr 5y ago
Can you send me some of these random hashes? Since they're worthless? Bitcoin secures over a trillion USD. 1 in 6 Americans own Bitcoin and user growth is faster than the rise of the internet and Facebook combined. Companies/Wallstreet are in, VCs are in, the first country has used it as a legal currency. And yet you're still on this 12 year old narrative that it's worth zero?
- Workaccount2 5y ago
  >Can you send me some of these random hashes? Since they're worthless? WKRQE0GD2T074CCH6ZOH5DYFI4TX3RMEIKHS7AWEUVYEH030GA1B36U8C1L4OWEC 5DYFI4TX3RMEIKHS7AWEGEALOI1LNLZLHKGQ2I8MJEU1XAAQPRG5MUYXXNFR9QRQ W1T7OR1UZ20L6MAXB202PWTN0YQR4IXZ851CS6LB1HUL7AALT9Z8K1OZW7FIK9IS Y112I5BI0RQ04G6LS1XZ3V4C6CY5G97IOYQ0EJSLRQ6CK4ZGCMNXHH2O3NQQ4RVK XEIKU2MHPTOQOBPG3TCT09SBPGKR0WZ0UX119IBBBB0HORXV1F0YNF18ADQHE21I Go wild
  - fleddr 5y ago
    I meant privately, now my wallet is leaking.
- nickthegreek 5y ago
  Where is this 1 in 6 figure coming from.. that doesn't sound right at all.
  - fleddr 5y ago
    Admittedly, the stats are not fully consistent. This is due to the fact that it's hard to conclude on actual human users based on the amount of wallets. I've seen reports saying 1 in 6, 11%, and there's this report: https://explodingtopics.com/blog/blockchain-stats https://explodingtopics.com/blog/blockchain-stats ...which states 22% of US adults. If you select for a somewhat younger population (non-boomers), it's even 33%. So I think the point stands, whether you pick the lowest or highest number amidst these studies. Bitcoin/crypto is far more widespread than some people think.
wyager 5y ago
Like bombs?