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by toenail 974 days ago
Less than .1% to secure more than 500 billion of value. Bitcoin energy usage is primarily to secure the network, not for transaction "volume", but that's a common misconception for people who have yet to learn about bitcoin.
1 comments

You're splitting hairs. If the energy is needed to stave away a 51% attack, that's the energy needed to support the single digit tps monstrosity you have. As for the 500 billion in value, I doubt if everyone liquidated their positions today it'd amount to a figure remotely close to that.
> I doubt if everyone liquidated their positions today it'd amount to a figure remotely close to that.

The same goes for any stock in the S&P 500. Market Cap is just a number.

If once in bitcoin's history there is 51% attack, all energy that was ever used was used to prevent this one attack. Wow, you totally convinced me.