Crypto currency mining is between 0.6% to 2.3% of USA electricity consumption.
Therefore, Bitcoin uses 35% less than traditional banks.
Bitcoin mining uses proof of work consensus mechanism, whilst most modern layer 1’s use proof of stake, which consume less than 0.001% of Bitcoins energy needs.
Therefore, Bitcoin uses 35% less than traditional banks.
Bitcoin mining uses proof of work consensus mechanism, whilst most modern layer 1’s use proof of stake, which consume less than 0.001% of Bitcoins energy needs.
Comments
This isn't the positive you think it is.
Crypto only has “value” because of the greater fool theory, and that always ends the same way.
Current crypto has no “real inherent” value, much like the tulip craze in the Netherlands of old.
Some stables are backed by real assets, but audits are haphazard at best.
However most countries are exploring CDBCs. It’s just a matter of time.
Yet via peer-peer crypto transactions, you could become the custodian of your “nothing” and at lower costs.
Either way, you made up your mind, rather than try to learn.
But 10x sounds like an underestimate to me, and certainly misleading in terms of everyday usage. Nobody I know uses crypto for everyday stuff.
I'm pretty sure there are some false equivalencies hiding in these supposed statistics somewhere.
Like amt of money, and people served by the banking industry vs crypto.
So, if you can provide me with refs for your claim, would be most appreciative. Thanks.
But stick with your views, rather than look at the facts and informing yourself.
“CrYpt0 is EvUlll”
You can’t count the energy used by bank workers when they go home and start their dishwashers.
I also can't lose my greenbacks because I forgot the password.
Something some fundamental shoes me you have no understanding of how crypto works, and just rages for the sake of raging.
What a horrendous strawman. If your argument is, "This is better than Lehman Brothers!" then you need to come up with a better selling point.
Your argument was that with traditional banking you can’t lose your money.
That’s a fallacy.