Re:Why gold and Bitcoin are popular
by gwicks56 on Sunday June 13, 2021 @11:09PM
(#27498875)
The USA dollar is the settlement currency of the world. Which means you are really looking at the energy use of the Army/Navy/Air-force. If, in this hypothetical future, BTC became the settlement record.
[ Parent
| on HN ]
If you assume:
(a) the energy of the Army/Navy/Air-force supports nothing other than US currency
(b) no force would be necessary to back compliance with entries in a crypto ledger
As if BTC would somehow eliminate the army, navy and air-force.