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you mean the same protection as cash and a fraction of the energy cost of all banking / visa / mastercard with an economic incentive to use renewables. dont fo
by nicman23 1y ago
you mean the same protection as cash and a fraction of the energy cost of all banking / visa / mastercard with an economic incentive to use renewables.
dont forget protection against theft inserts someone else to each transaction
- thrance 1y agoThat's an obvious flat out lie, crypto consumes much more power than the banking system, because of course it does. It literally relies on proof of work, through arrays of GPUs pointlessly crunching numbers. And that's just to handle a fraction of the number of transactions the banking system does. It's estimated that Bitcoin alone uses up as much power as an entire country: https://www.polytechnique-insights.com/en/columns/energy/bitcoin-electricity-consumption-comparable-to-that-of-poland/ https://www.polytechnique-insights.com/en/columns/energy/bit... And how many people use crypto again? As for the thievery part: https://www.web3isgoinggreat.com https://www.web3isgoinggreat.com
- nicman23 1y agoit is ok my dude you do not have you use it. you think bitcoin uses more power than all the banks, merchant POS backends like visa and mastercard, things like SEPA, paper transactions, paper printers -because cash- , etc you even mention gpus not asics and POW as a bad thing. it is the ONLY thing that is worth about bitcoin. > https://www.web3isgoinggreat.com/ https://www.web3isgoinggreat.com/ try ctrl+f bitcoin lol