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by kyrieeschaton 1952 days ago
What's the energy cost of a financial sector that takes a ~3% cut of all retail transactions, puts up physical bank branches to manage money, empowers a federal reserve to manage the value of currency with more or less competency... Comparing BTC energy costs to some mythical world where we just burn free lunches for heat is not honest.
2 comments

There is nothing about BTC that deprecates the issues you present.
BTC trivially avoids, eg, chargebacks. It is effectively the only money transmission mechanism that verifiably does do.
Bitcoin is a tiny part of that world and simply becomes part of it.