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by exo762 3837 days ago
> Because if somebody can spend $1mln to perform 51% attack and move around $1bln, that will likely be done.

This attack allows double spending and censorship. It does not allow to directly steal someone's BTC.

> Also, when a bank charges me 1% for a wire transfer, they pay salaries from that money and some people buy food.

And horses are pissed at cars.

> The power burnt by BitCoin is actually literally immediately irrecoverably physically wasted.

No, it is not. It buys security in a way which traditional banking is not capable of providing.