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A comment on Bitcoin Sees Wall Street Warm to Trading Virtual Currency. Parent comment

Re:Bitcoin Sees Wall Street Warm to Trading Virtual Currency by dmoy on Tuesday May 08, 2018 @11:11AM (#17021432)
I'm not sure I buy this. If we know definitively that btc uses more energy than all of Switzerland, and we know that Switzerland doesn't spend >100% (or likely even >30%) of its energy on banking, and we know that Swiss banks clear more money than Bitcoin, then we have a reasonable point of comparison.
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Re:Bitcoin Sees Wall Street Warm to Trading Virtual Currency by daneyh on Tuesday May 08, 2018 @12:13PM (#17022039)
I understand what you're trying to say but this logic would only work if we knew that swiss bank operations 'based in switzerland' clear more money than bitcoin.

Credit suisse/UBS main operations are in London.

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Re:Bitcoin Sees Wall Street Warm to Trading Virtual Currency by dmoy on Tuesday May 08, 2018 @01:56PM (#17023018)
The domestic banking of a single small country is enough. You're talking about like 4m people getting paychecks every couple weeks at minimum. Paycheck deposits alone is more transactions than all of bitcoin.

There is no way the numbers come out in bitcoins favor here, the scale just isn't there.

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