Banking system consumes two times more energy than Bitcoin: Research

Re:Banking system consumes two times more energy than Bitcoi... by gota on Tuesday May 18, 2021 @12:37AM (#27191294)

This article is the kind of thing that, by strenght of title alone, will reinforce the feel-good feeling of belonging-ness in people who bought into Bitcoin (and likely own some, and see Musk's comment on energy consumption as a betrayal).

Strangely, I think it will also reinforce the "bitcoin is a scam" position in people who hold that opinion; mostly because the article seems like on the level of those shady multilevel marketing "talking points"

What I means is that it is strange to consider an article that will change nobody's mind an inch, but may dig them in a little bit further

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Re:Banking system consumes two times more energy than Bitcoi... by jollybean on Tuesday May 18, 2021 @01:13AM (#27191458)

One of those systems powers the entire global economic system, employs probably 100 million people, an we would be adrift without it.

The other doesn't do anything.

That one uses 1/2 the energy of the other should be shocking, I don't see how this can be a good look for BTC.

The notion of tying outcomes to whoever can burn the most energy (all other things roughly equal) was really not a good idea.

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