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I think a better example would be high speed trading and similar. Of course any big corporation or administration is going to have a lot of underused ressource
by simias 13y ago
I think a better example would be high speed trading and similar.
Of course any big corporation or administration is going to have a lot of underused ressources and redundancy but it doesn't mean they burn power "for the sake of it" as bitcoin does.
Also, bitcoin is not a bank, it's supposed to be a currency. If big banks were to switch to bitcoin I don't think they would spend less energy doing all you said. So no matter what you think of bitcoin it's fair to say it's not very "green" so far.
- darkFunction 13y agoGreener than digging up precious metals to melt into blocks to be buried again in safes.
- baddox 13y agoA better example than Bank of America would be a payment system like VISA.