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by xmprt 1835 days ago
Why are you comparing energy:market-cap ratio instead of something like energy:transaction-volume ratio for example? I'm sure if you compare Bitcoin to Visa on that metric instead, it'd look pretty bad for Bitcoin.
1 comments

The value Bitcoin provides to humans is about more than the transactions.

The value is primarily about security as a store of wealth.

This is why I use market cap.

The value it provides is a Ponzi scheme for elites and lumpens to quickly make money, nothing else.
Hope you try to avoid allowing jadedness to cloud your interpretation of & openness to reality.