[RurouniK]

"This means that in order to have Bitcoin serve as the daily currency for all of Argentina's 50 million people would at least 50-tuple its energy consumption."

This comment is beyond dumb and just showcases that you have no clue whatsoever about how bitcoin works. Bitcoin's power consumption doesn't go up when more people use it. It goes up when more people COMPETE for the production of the next block, meaning when there are more miners.

Also more than 50% of bitcoin's power consumption already comes from renewable sources.

Also youtube and online gaming need many times more power and I'd argue that a global, open, permissionless financial network is far more important.

[smartties]

> Also more than 50% of bitcoin's power consumption already comes from renewable sources.

You are tweaking numbers here. The only source I've found, It says 39% and it's from a shady crypto website that make a living promoting cryptocurrencies [0]. And if you look deeper in the source [1] they quoted it says "A total of 280 entities from over 50 countries across various regions responded to the surveys.". So this study is based on surveys they sent to companies... Without anyway to verify their answer. This study has 0 value.

Renewable energy is way more expensive and not reliable.

https://cointelegraph.com/news/report-76-crypto-miners-use-r...

https://www.jbs.cam.ac.uk/faculty-research/centres/alternati...

[bildung]

No, it isn't dumb. The monetary base currently provided by bitcoin is tiny. If an economy would switch to bitcoin as it's currency, the amount of BTC in circulation would need to gain multiple zeroes. As bitcoin has a fixed cap, that would mean the price would rise. And that, in consequence, would make mining way more profitable, with newcomers entering the field and established organizations to employ more resources. And that increases the power needed.