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A comment on Bitcoin consumes more electricity than Argentina.

Re:Bitcoin consumes more electricity than Argentina by diegocerdan on Thursday February 11, 2021 @06:46AM (#26100504)
The question that matters is:

Does the existence of Bitcoin allow better coordination such that the global productivy raises 2%?

And I would with no doubt answer: YES.

Central Banks are distorting the function of Money and bringing economies to their knees. A decentralized and digital form of Money would force the system to self-heal.

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Re:Bitcoin consumes more electricity than Argentina by ChrisLomont on Thursday February 11, 2021 @07:15AM (#26100668)
Can you cite an econ paper with that 2% claim? Economists would most certainly not have missed such a massive productivity factor.

I'm guessing it's not true, nor anywhere near true, for such a tiny asset.

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Re:Bitcoin consumes more electricity than Argentina by zoobab on Thursday February 11, 2021 @07:42AM (#26100855)
If Bitcoin can replace banks, who are using our money to invest in fossil fuels, why not. And it is mined once, when all the coins are mined, the mining stops.
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Re:Bitcoin consumes more electricity than Argentina by forty on Thursday February 11, 2021 @07:50AM (#26100914)
How are the transactions going to be verified then? :)
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