You: "the banking system is idiotically expensive using much more raw energy"
Me: "it uses much more raw energy because it services the financial needs of most of the planet".
Edit: typos
politics - maybe, military - not necessarily, just an artifact of infancy of our civilization.
> Those things won't go away because of cryptocurrency
those things will become irrelevant to financial system based on bitcoin, which is good enough for me.
Just an artifact of all of human history.
>those things will become irrelevant to financial system based on bitcoin
I don't think there is any point in further discussion; we are simply living in two different realities. The military and the military industrial complex are not going anywhere, certainly not because of cryptocurrency, the notion is laughably absurd.
I'm not a fan of the current implementation of cryptocurrencies but you have a point here. Plenty of wars and armed takeovers have been driven by the prospect of accessing financial systems and therefore plenty of resources are spent to prevent that from happening.
if there's a chance to exclude them from the equation on security of financial system - it's a no brainer.
It uses much more raw energy because it services the financial needs of most of the planet. Bitcoin dubiously services the needs of a handful. This is so obvious that I suspect you're not arguing in good faith.