2 ms·
> the energy use for crypto as a whole is on par with the energy use of the fiat currency system That is an unbelievable statement just on the face of it. But
by worik 5y ago
> the energy use for crypto as a whole is on par with the energy use of the fiat currency system
That is an unbelievable statement just on the face of it.
But if we say: "What is the energy use per transaction?" what then?
The inefficiency of crypto currency is legendary.
- pclmulqdq 5y agoI meant total energy spend for both systems. Despite the transaction volume being minuscule, crypto likely burns a similar amount of energy to the energy consumption of the global finance industry today.
- worik 5y ago> crypto likely burns a similar amount of energy to the energy consumption of the global finance industry today. "likely"? What do you mean? And that illustrates how incredibly inefficient crypto is