Yep. Theres a lot of misinformation due to bank lobbys propaganda. Bitcoin was designed to be more efficient.
It doesn’t need humans to deal with transaction reversals (this was a key part of the design per the white paper), so you cut out all the energy that goes into creating buildings for offices and maintaining them. Also it scales up without using additional energy, so if you actually look at the numbers it uses magnitudes less energy.
Bitcoin uses less energy? Now that’s something I haven’t heard of before.
The jerk is taking about Bitcoin vs Banks/Finance, not vs BOINC
Yep. Theres a lot of misinformation due to bank lobbys propaganda. Bitcoin was designed to be more efficient.
It doesn’t need humans to deal with transaction reversals (this was a key part of the design per the white paper), so you cut out all the energy that goes into creating buildings for offices and maintaining them. Also it scales up without using additional energy, so if you actually look at the numbers it uses magnitudes less energy.
This is just silly. If you had said Etherium, then maybe. But Bitcoin?? C’mon…
Cant disagree with facts
You clearly can.
“proof-of-work” process today requires 705 kWh of electricity, ".
https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/bitcoin-mining-energy-use-doubled-in-2023-as-crypto-prices-rose-79854382#:~:text=Bitcoin mining companies use powerful,of electricity%2C according to Digiconomist.
And I’m done.
And that’s magnitudes less than all traditional financial institutions