• Prunebutt@slrpnk.net
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    4 months ago

    Considering how much of a nieche Bitcoin still is: 0.5% of global energy usage is one hell of a lot of energy!

    In what universe is proof-of-work more efficient than conventional banking systems?

    • Dymonika@beehaw.org
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      4 months ago

      Let’s talk about banks.

      Let’s talk about all the vaults and their maintenance, the security guards, the Brinks armored cars, all the tellers, wire transaction-handling, and so on and so on.

      No, gee, hmm, they’ve never calculated how much a vast, global expense all of this is per second.

      Maybe they want you to keep believing that it’s more efficient.