[homogeneous]

>Any payment system requires energy and electricity. With traditional currency, lots of energy is consumed guarding and moving gold bullions around

Whenever the topic of bitcoin's inherent wastefulness is discussed, someone always brings up this point, but it's a fallacious comparison because most of the power consumed by the traditional financial system is spent in its capacity as a ubiquitous pillar of modern society, wherein bitcoin would be completely subsumed were it to become anything more than a technical novelty.

Even when you subtract the common denominator that represents the vast majority of the world's financial intuitions, bitcoin is still the only currency that burns resources as a function of its circulation.

[justin2004]

>most of the power consumed by the traditional financial system is spent in its capacity as a ubiquitous pillar of modern society

Either I missed your point or it would be nice if you brought this back down to Earth. Yes, traditional ledgers help mediate economic exchanges. Bitcoin, as a ledger system, also helps mediate economic exchanges.

> ... wherein bitcoin would be completely subsumed were it to become anything more than a technical novelty.

You put this forward like we should all nod and say of course. Care to tell us about this scenario?