[gvhst]

"As of March 2010, the total value of released Swiss coins and banknotes was 49.6640 billion Swiss francs" Last I checked coins and banknotes don't exclusively make up the money supply.

EDIT: Crux of the issue here is that circulation is the wrong metric to use (money supply would be far more accurate).

[blondie9x]

Again. Circulation. -> https://en.wikipedia.org/wiki/Currency_in_circulation I believe article is focusing on using Bitcoin as currency and how it consumes more energy than driving a Tesla 2500 miles per transaction. Offsetting sustainability gains against climate change. Source-> https://www.statista.com/statistics/881541/bitcoin-energy-co...

[Robotbeat]

Indeed. The author is pointing out how Bitcoin was introduced by Satoshi as a decentralized cryptocurrency that would have lower transaction fees (enabling small transactions) and not having to depend on large intermediaries, but here we are and almost no one in the Bitcoin community considers it a good currency, transaction fees are much higher than the main alternatives (ACH or Visa—with the exception of international wire transfers which charge similar fees), and centralized online wallets and exchanges like Coinbase are where most of Bitcoin action actually happens now.

Satoshi’s paper is really good. More people should revisit it, and it’s even more interesting with hindsight today.