The current paper money economy is worse than bitcoin - energy

Author: n8nrgmi

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Bitcoin uses the same energy as a small country but it's largely renewable energy as most feasible to be profitable.  Think of how much energy the current financial sector uses especially banking. All that sorting and storage and transfers.
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@n8nrgmi
Think of how much energy the current financial sector uses especially banking. All that sorting and storage and transfers.
No idea. How much?
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@Discipulus_Didicit
I've seen studies that say banking is way more energy intensive... but I'm just talking from my common sense view, supporting a cash economy is very energy intensive
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I've seen studies that say banking is way more energy intensive.
You have me interested now, care to share?
zedvictor4
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@n8nrgmi
Paper money is just the stuff that still gets used sometimes  for local transactions.

I'm pretty sure that the global banking industry has learnt how to use computers by now.

Paper money will eventually go altogether......We're just in a transitional phase.

Your argument is a bit trivial and irrelevant.
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@zedvictor4
That aint a bad argument actually
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@n8nrgmi

Since Bitcoin does not have any intrinsic value, its value is necessarily intersubjective, and I predict that in one year a bitcoin will be worth $30 US dollars.
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Oh, I forgot to add that we will be in WWIII in one year.
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@n8nrgmi
Nice of you to say so.