Yes, all of them together. Which enables a global economy that supports >7B humans. Versus Bitcoin which tracks how much arbitrary, temporary value a couple of assholes got… in Bitcoin right now. It’s not even close to the same thing, one is the equivalent in today’s terms of a pyramid scheme, the other has been our established system of exchange for hundreds of American Flag Pipefitter Pipefitting Plumbing Plumber Shirt Cryptocurrencies will replace fiat, there’s no doubt about it… but Bitcoin is a massive waste. It’s barely more than an experiment that was captured by asswipes.Ironically Argentina has rampant inflation that is hurting thier citizenry tremendously. Thier government has restricted thier ability to buy us dollars and crypto has been their saving grace. I don’t think they have any problems with the energy consumption.Exactly, how many forests cut down to print trillions of dollars, how much electricity wasted on all the banks, atms, pos, computers at all these locations. That’s not even considering all the gas wasted transsporting paper fiat everyday with brinks trucks in the USA alone.
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Guys its obvious this whole Bitcoin thing will never work. It uses WAY too many fossil fuels. Instead we should just American Flag Pipefitter Pipefitting Plumbing Plumber Shirtmining millions of tons of metals which we then have to refine to produce coins. Using wood and fibers or plastic to produce physical dollars. Transporting it all over the world on trucks, boats, planes. While banks and credit card companies store all the actual data digitally on their private servers anyway. Clearly thats the answerThe Argentina stat is so misleading. Argentina is a country that doesn’t use much energy but it’s used to make it sound scary. Some other stats, bitcoin network uses less energy than Las Vegas. It also uses about 1/4 the yearly electricity of clothes dryers in United States. So Las Vegas and 1/4 of clothes dryers use more energy than Argentina as well.If you think bitcoin is a waste maybe clothes dryers are a waste too. We could all hang our clothes up, and we could also turn off the lights on the Vegas stripHoly shit is this a dumb comment.The infrastructure to support the financial system is also extremely intensive. The trade off with bitcoin is about freedom of money from governments. US created 30% of total dollars last year, meaning your purchasing power went down by 30% with you having any control or say in the manner. Bitcoin is freedom from that. The electricity usage is to secure the network ensuring no one can simply create more bitcoin out of thin air. To your point, no one sends bitcoin through shipping containers either…(countries ship and store gold all the time FYI
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