Bitcoin=shit coin. The uses more natural resources than anything known to man. Deep state money laundering scam at its finest. There are cryptocurrencies that actually provide a usable utility. Just because Bitcoin was #1 doesn't make it THE #1.
The only reason anyone pays for energy to mine Bitcoin is because the Bitcoin they get is more valuable than the energy consumed. If energy prices go too high the miners will shut down until it's profitable again and the network automatically adjusts.
Pretty sure there have not been any wars fought to force people to use bitcoin.
Until we murder a million civilians and displace millions more over their refusal to trade in bitcoin, I would hesitate to say that bitcoin's energy consumption is excessive.
It certainly does not use more energy than the banking system. You need to consider the energy expenditure of all bankers, bank employees, their families. All of their cars, the energy put into farming their food, the energy running the lights and computers, etc. It's not even close.
Then after you account for all of that, start tallying up the energy used for the banker's wars around the globe. After that, we'll find more to account for.
Bitcoin=shit coin. The uses more natural resources than anything known to man. Deep state money laundering scam at its finest. There are cryptocurrencies that actually provide a usable utility. Just because Bitcoin was #1 doesn't make it THE #1.
yep bitcoin is ancient technology, extremely slow with insanely high fees and energy consumption. https://xinfin.org/
Bitcoin is far from "the best".
"Uses more natural resources [presumably you mean to back itself] than anything known to man."
Does that include the petrodollar?
The energy required to mine Bitcoin. Whose pockets get filled?
Nvidia has always opposed their hardware being used for mining. Bitcoin is mined with ASICs. The largest manufacturer of ASICs is Bitmain in China.
The only reason anyone pays for energy to mine Bitcoin is because the Bitcoin they get is more valuable than the energy consumed. If energy prices go too high the miners will shut down until it's profitable again and the network automatically adjusts.
You really think it uses more resources than banks do?
It absolutely does
Pretty sure there have not been any wars fought to force people to use bitcoin.
Until we murder a million civilians and displace millions more over their refusal to trade in bitcoin, I would hesitate to say that bitcoin's energy consumption is excessive.
Have you ever seen a Bitcoin mining facility? The town I live near just had to add a substation for a mining facility no bigger than a trailer house.
It certainly does not use more energy than the banking system. You need to consider the energy expenditure of all bankers, bank employees, their families. All of their cars, the energy put into farming their food, the energy running the lights and computers, etc. It's not even close.
Then after you account for all of that, start tallying up the energy used for the banker's wars around the globe. After that, we'll find more to account for.