this post was submitted on 03 Dec 2023
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Technology
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You think having thousands of bankers use their car twice a day is better? It's so much worse
Okay, the bankers could work remotely. What then? Anyway, yeah, it’s still set up in a dramatically inefficient way because proof of work is inherently wasteful. It may have been state of the art 15 years ago but it sure isn’t now.
They could but they won't. Bitcoin pays 0.05$ per kWh, that's close to 0, the only energy that goes into mining is energy that wouldn't have gone anywhere else. Energy is hard to store and sometimes there just isn't enough demand. That's what goes into Bitcoin, and there is no ecological problem with that
I like how someone downvoted you yet had no real retort, because you're right.