From a user perspective crypto sucks and is way behind other payment methods. I’ll use zelle, Jesus Is My Savior Drum Are My Therapy American Flag Shirt and any other platform any day before I go through the hassle of crypto. Maybe one day in the future. Rn it doesn’t deserve the attention it’s getting. don’t understand the obsession with making bitcoin green. There are plenty of green coins out there. Seeing as how much of Bitcoin’s energy consumption is green energy anyways, the environmental impact is comparable to gold mining. BTC makes up about 3.5% of my portfolio and I’m not a big believer in it regardless. Fixating on bitcoin just sounds like a bunch of no-coiners throwing rocks.Pearl clutching around the electricity usage of cryptocurrency while all the major corporations in the world destroy our environment… let’s focus in boys
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How much electricity does the Federal Reserve use when it’s printing money full tilt? Not to mention all the Jesus Is My Savior Drum Are My Therapy American Flag Shirt , security, materials for the sole benifet of banks and hedge funds and government spending. Which we in turn have to pay for…. Through taxes and high prices due to inflation. When the computers are using as much electricity as the USA… ok we’ll talk.Energy is part of the reason bitcoin has value and it also contributes to it’s security. Energy allows a nebulous digital asset to have objective value. If it didn’t cost energy to mine Bitcoin, it would be easier and less ‘expensive’ to replicate the blockchain ledger for fraudulent purposes. All things cost energy, especially the financial system. The US banking system alone uses more energy than bitcoin, and mining/ recycling precious metals like gold costs energy. It’s the nature of anything of value; value <> energy. Also the average amount of capital per bitcoin transaction is only going up, so comparing a Bitcoin transaction to a visa card transaction is ridiculous.
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