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The Bitcoiners were wrong: a blog post about privacy and bitcoin, and how they failed to design a cash alternative(unfathom.ing)

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Corgana@startrek.website
23 points

How much energy is used by our current financial system?

Orders of magnitude less than Bitcoin requires, which is the criticism.

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delirious_owl@discuss.online
-16 points

Dont spread misinformation. Its the opposite.

Bitcoin energy usage is negligible next to financial sector. And it doesnt increase as the transaction count increases, unlike tradfi

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𝙲𝚑𝚊𝚒𝚛𝚖𝚊𝚗 𝙼𝚎𝚘𝚠@programming.dev
11 points

The financial sector offers a magnitude more services than just “transactions”. It’s a stupid comparison.

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pedroapero@lemmy.ml
5 points
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In actually decreases with time (by half every four year, unless the value increases equally, which is unlikely in the long run). However you should compare the energy per transaction, which is pretty lame (5txs per seconds or similar).

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delirious_owl@discuss.online
-6 points

That’s the fuckey. We should not consider the energy per transaction because the energy usage does not increase as transactions increases. This is how the banks fuck with the charts to make it look lime bitcoin uses a lot of energy. It doesn’t.

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alekwithak@lemmy.world
-16 points
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That’s quite a claim to make without a source?

*It’s a wonder the rest of Lemmy hates this instance, y’all are insane.

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