Hacker News new | ask | show | jobs
by jkepler 1464 days ago
Bitcoin mining currently consumes less that 0.2 % of global energy consumption. Smartphone use and the associated radio infrastructure use somewhere between 1% to 2% of global energy.

How much energy do central and commercial banks, auditors, accountants, corporate currency hedge trading desks, and the armies that back fiat currencies use? Way, way more than bitcoin... and they don't provide a way to pay electric grids to build out renewables the way bitcoin mining does.

1 comments

Is this what indoctrination looks like?
What does dollar indoctrination look like? Like asking a fish what water is I suppose. It's all we've known.
It looks like supporting two unwinnable, simultaneous wars in the Middle East that cost the country trillions and hundreds of thousands of humans directly and indirectly murdered.
Wars of retribution are the result of fiat currency? The thread gets thinner and thinner...
Afghanistan was arguably a war of retribution, despite the fact that Saudi Arabia was closer to the guilty parties.

Iraq had nothing to do with 9/11 if that's what you're trying to say.