Cambridge Bitcoin Electricity Consumption Index

Re:Cambridge Bitcoin Electricity Consumption Index by lkbm on Wednesday February 10, 2021 @10:02AM (#26090024)

Meanwhile, if I want to donate over $25,000 to charity in the US, I have to go into the bank (in person even during the pandemic) spend half an hour while they fill out forms, pay a $12 fee (still negligible, granted), and they'll process it within 12 hours.

Bitcoin might not be as good as the UK, but you have to understand that the consumer US financial system remains stuck in the 1980s.

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Re:Cambridge Bitcoin Electricity Consumption Index by jefftk on Wednesday February 10, 2021 @10:30AM (#26090446)

> if I want to donate over $25,000 to charity in the US, I have to go into the bank (in person even during the pandemic) spend half an hour while they fill out forms, pay a $12 fee (still negligible, granted), and they'll process it within 12 hours.

You can do it from home for a negligible fee ($0-$3) if you're ok with ACH instead.

(Same-day ACH has a max of $100k, though it used to be $25k. Next-day ACH is something like $100M, though your bank likely has a lower limit.)

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