Re:Tesla buys $1.5B in Bitcoin, may accept it as payment in ...
by tomtomtom777 on Monday February 08, 2021 @11:49AM
(#26066928)
I am simply pointing out that the usage of Bitcoin or something else is better assessed as comparison to global consumption. Trying to map energy usage per product/category to energy usage per country is not insightful and misleading, as it suggests the product/category is not part of the country's energy consumption.
I am not at all arguing that Bitcoin is useful, or that its energy consumption isn't excessive.
The rest of you argument hinges on the idea that the value created by bitcoin on-chain transactions is equivalent to that of airplane usage (the fact that our current air plane usage is wasteful aside), an argument I won't get into without evidence-of-good-faith