[varajelle]

Take the cost of your house, divide by the amount of time you enter your house through the door. You get the price each time you get into your house. For a 300k$ house and entering the house twice a day for 20 years that's about 20$ each time you enter your house.

Does not make sense? Of course not because dividing the amount of electricity used to mine a block by the amount of transactions also doesn't make sense.

[vkou]

No, what you're saying makes no sense for a different reason. When you buy a house, you don't take $300,000 and set it on fire.

If you, after 20 years, sell that house for $600,000, does that mean that you were paid $20, each time you entered your house?

A bitcoin transaction, on the other hand, is quite literally a colossal waste of electricity, to enable an incredibly small amount of value (Settling one transaction.)

You may be able to argue that it also enables another kind of value (A bunch of bitcoin hoarders getting rich), but that's not value that's of relevance to literally anyone else in the world.

Look, you can make an argument that traditional billionaires help the world by much handwaving of invisible hands efficiently allocating resources in open markets.

What second order forms of value for the world does the existence of bitcoin speculators create?