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by snakeboy 1955 days ago
I don't really know much about bitcoin and how mining scales with the number of trades, but there are only a few million Bitcoin users, meanwhile there are billions of USD holders/users each of whom have (I'd guess) significantly more average daily transactions.

That's something like 5 orders of magnitude more activity with USD vs BTC.

So for something that is used upwards of 100,000x more and only takes 5x more energy, that'd be a win for USD, no?

This of course is all disregarding my strong skepticism that the excesses of the US Military is a reasonable proxy for the strength of the US dollar.