Re:Cambridge Bitcoin Electricity Consumption Index
by andreygrehov on Wednesday February 10, 2021 @05:08PM
(#26095454)
I'm well aware of how facts work. My Tesla response was more of a sarcasm and was primarily meant to highlight that the OPs arguments are somewhat useless. They make sense, but, practically, they are useless.
Here's how arguments work. You read a claim and disprove it by offering a counterexample. The weaker the counterexample, the weaker the disproven claim.
In the case of Bitcoin a weak counter example is to show that even a grossly inefficient method of money transfer has superior efficiency. A stronger counterexample based on Visa's less than 2Wh per transaction numbers absolutely destroys the claim that Bitcoin's efficiency is reasonable.
It's laughable that anyone would even defend Bitcoin instead of recognizing the inefficiency. It's laughable in the exact same way the Tesla suggestion is laughable, except Bitcoin is even worse.