Think about all the power we generate to mine bitcoin. That could power HVAC for a small country. So, bitcoin exists to create a decentralized currency to prevent government from regulating the currency so the advent of a financial clapse bit coin holders will be able to keep the power on. The very power being spent to generate bitcoin. Add on the extra carbon emissions from running the power plants and you have an equation for certain clapse.
Well… Yeah. 70% of the global population utilizes some sort of traditional banking system compared to the 2.74% of the global population that utilizes crypto.
It’s not a brag to consume 4 times less power than traditional banks when you only serve a tiny fraction of the population.
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Think about all the power we generate to mine bitcoin. That could power HVAC for a small country. So, bitcoin exists to create a decentralized currency to prevent government from regulating the currency so the advent of a financial clapse bit coin holders will be able to keep the power on. The very power being spent to generate bitcoin. Add on the extra carbon emissions from running the power plants and you have an equation for certain clapse.
Wait till you hear about traditional banking using 50x more energy.
What is the comparison of how many people it’s serving? Either way you don’t have to convince me that Banks are a drain on society.
Well… Yeah. 70% of the global population utilizes some sort of traditional banking system compared to the 2.74% of the global population that utilizes crypto.
It’s not a brag to consume 4 times less power than traditional banks when you only serve a tiny fraction of the population.
Wait until you hear about other cryptocurrencies that use a ton less power then Bitcoin. I seriously don’t understand why Bitcoin isn’t obsolete now
If markets were rational, I wouldn’t be a socialist.