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Re:Bitcoin consumed 134 TWh in total during 2021 by grlthng on Monday January 03, 2022 @09:33PM (#29790531)
A low velocity financial instrument is still useful if it stores value, even if it has no other utility. Gold locked in a vault, rolex watch that is stored in a safe, stock whose voting rights are not utilized, a house that nobody lives in, pokemon cards that isn't used in a card game.

The list is endless and I guess if you're really asset poor you wouldn't see a value in these things.

Re:Bitcoin consumed 134 TWh in total during 2021 by otterley on Monday January 03, 2022 @11:55PM (#29791514)
The comment I was responding to was "People ... are fleeing for the exits," which is clearly not the case. The picture given is a stampede, where what's really happening is a few people going to the ATM and placing chips at a roulette wheel.