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.
![The US is Politically to the Right of [Other] Democracies](https://lemmy.world/pictrs/image/21301eb3-0348-4db4-9f02-82fd35987e02.jpeg){kind=link}
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.