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by betterunix2
1620 days ago
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A meaningless comparison as the mainstream financial system processes far more transactions over a given period of time, and it is nearly certain that on a per-transaction basis Bitcoin consumes more energy. Moreover, the incentive for financial institutions is always to consume less energy per transaction as this lowers their operating costs, whereas the only incentive for Bitcoin miners to consume less energy is if the price of Bitcoin declines relative to the price of energy. This whole "Bitcoin isn't as bad as they say" is getting tiresome. Bitcoin consumes as much energy as a large country to process just 6 transactions per second. No need to get defensive about your favorite payment tech. It has its problems and those problems need to be solved, why is that so hard for the Bitcoin crowd to acknowledge? |
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