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Well this is a nonsense article. It’s basically doing its best to compare the cost of the infinitesimally small number of bitcoin transactions, to the negligib
by olliej 4y ago
Well this is a nonsense article.
It’s basically doing its best to compare the cost of the infinitesimally small number of bitcoin transactions, to the negligible cost of every other transaction on the planet.
To do this the article decides that rather than looking at the cost of running the financial system for the entire world, we will instead look at everything money could be used for.
It lets them conveniently count the money used to provide power sources used to run the hilariously inefficient bitcoin blockchain as a negative against the actual efficient financial system.