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A comment on Cambridge Bitcoin Electricity Consumption Index. Parent comment

Re:Cambridge Bitcoin Electricity Consumption Index by UncleMeat on Wednesday February 10, 2021 @11:33AM (#26091314)
How many people go speak to a bank teller to transfer funds? My bank can give me a mortgage for my home. The banking system is doing way way way more than counting how much people own and shifting that around.

If the concern is the cost of brick and mortar banks then we can solve that with technology much more effectively than btc.

[ Parent | on HN ]
Re:Cambridge Bitcoin Electricity Consumption Index by bingbong70 on Wednesday February 10, 2021 @01:21PM (#26092873)
The problem with "interventionistas" with little/no understanding of bitcoin is, they look at one feature/component of btc's game theory in isolation and state "I can do this particular thing cheaper/faster/easier" while ignoring the 100 other aligned incentive structures that are lost with their 2nd/3rd-order-effect altering solutions.

Bitcoin is too elegantly designed to approach in this fashion.

[ Parent | on HN ]