I find it odd that Balaji never even mentioned energy consumption, when that is one of the most common arguments against Bitcoin. However, I recently saw somebody point out that such an argument must also account for the energy, materials, and manpower used for printing/coining money, running banking systems, and various related processes.
I find it odd that Balaji never even mentioned energy consumption, when that is one of the most common arguments against Bitcoin. However, I recently saw somebody point out that such an argument must also account for the energy, materials, and manpower used for printing/coining money, running banking systems, and various related processes.
Why would Balaji mention the most inconvenient, deal breaking fact about Bitcoin instead of sweeping it under the rug?
My hunch is that if most people on earth used Bitcoin instead of cash and credit cards, the energy used would overwhelmingly dwarf what it takes to print cash (a one time expense) and run banks and credit card systems.
No. A future with Bitcoin is like the bleakest episode of Black Mirror.
I find it odd that Balaji never even mentioned energy consumption, when that is one of the most common arguments against Bitcoin. However, I recently saw somebody point out that such an argument must also account for the energy, materials, and manpower used for printing/coining money, running banking systems, and various related processes.
Why would Balaji mention the most inconvenient, deal breaking fact about Bitcoin instead of sweeping it under the rug?
My hunch is that if most people on earth used Bitcoin instead of cash and credit cards, the energy used would overwhelmingly dwarf what it takes to print cash (a one time expense) and run banks and credit card systems.
No. A future with Bitcoin is like the bleakest episode of Black Mirror.