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Re:Bitcoin Mining Now Consuming More Electricity Than Many C... by visarga on Wednesday November 22, 2017 @03:38PM (#15760389)
> Just consider the number of wire transactions that happen every day in a single country, or internationally.

It's only interesting to compare price per transaction.

Re:Bitcoin Mining Now Consuming More Electricity Than Many C... by kevingadd on Wednesday November 22, 2017 @04:52PM (#15761028)
If (random made-up numbers here) 90% of bitcoin transactions are BTC being shuffled between exchanges and 'washed' through mixers, but 90% of wire transactions are people paying for rent, food, and hospital expenses, would you really say that the distinction isn't meaningful? The societal implications of those two groups of transactions are very, very different. I would argue that the latter group's importance is much higher than the former's.
Re:Bitcoin Mining Now Consuming More Electricity Than Many C... by JetSpiegel on Wednesday November 22, 2017 @08:06PM (#15762048)
And yet, much less of 90% of current fiat money transactions are "people paying for rent, food, and hospital expenses". Bitcoin doesn't really solve capitalism.
Re:Bitcoin Mining Now Consuming More Electricity Than Many C... by RobertoG on Wednesday November 22, 2017 @04:33PM (#15760860)
Not really. What is the point of cheaper price per transaction if, for some reason, nobody it's using it?