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by yunvme
1928 days ago
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To put it in perspective, ~$1,000,000,000,000 USD is being secured by a decentralized system by using that much electricity. How much electricity/oil/other power is used by the US military to ensure the US government stays in power and the US currency retains its value? Surely orders of magnitude more energy than what is used for Bitcoin. The number of transactions that are completed on the base layer is not the relevant metric. As the technology matures and as Bitcoin is more fully monetized, transactions will happen on higher layers. The "high" energy cost is necessary to secure the decentralized system. |
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