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All those entities you mention provide a lot of services beyond tracking transactions and balances, which is fundamentally the only thing bitcoin can do. The c
by sjsdaiuasgdia 4y ago
All those entities you mention provide a lot of services beyond tracking transactions and balances, which is fundamentally the only thing bitcoin can do.
The crypto world ends up re-creating versions of many of these entities, and their power usage should be counted if you're going to put the entirety of the financial industry's power usage on USD.
The energy use to utility ratio of bitcoin sucks now and it's unlikely to get much better with scale.