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As opposed to the utter waste of multiple resources and everything included in the pipeline between dollar issued and dollar spent?
by rublev 8y ago
As opposed to the utter waste of multiple resources and everything included in the pipeline between dollar issued and dollar spent?
- itchyjunk 8y agoHm, how much energy DOES it take (how would I compare? not sure) to produce equivalent number of dollars? Is there maintenance cost? Interesting line of thought to me.
- mikeash 8y agoMost dollars are virtual, so the energy cost is just sending some small messages around. It’s orders of magnitude less than needed for a bitcoin transaction. Physical currency probably takes more energy, but printing is an old and cheap technology, so I doubt it’s comparable.
- rublev 8y agoI meant the entire pipeline from physical cashiers to the cars that transport money to gold bullion to everything else. Crypto solves it all, it lives entirely online.