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Banks and Bitcoin serve radically different purposes. (Try getting a mortgage from Bitcoin!) A more appropriate comparison would be the percentage of bank ene
by tdees40 11y ago
Banks and Bitcoin serve radically different purposes. (Try getting a mortgage from Bitcoin!) A more appropriate comparison would be the percentage of bank energy that goes to payment processing, which is probably pretty low.
- JupiterMoon 11y agoYou should include the energy to print and mint notes and coins as well and the energy to make plastic cards.
- Kinnard 11y agoWhat about all those air conditioned buildings with all those eating, breathing, commuting human beings everywhere? Bitcoin looks pretty competitive to me against that.
- DickingAround 11y agoOne major thing other than move money that bitcoin does is print it. If you also look into the complexities and inefficiencies where our money/debt come from I think you'll find they've very high indeed.