Think Bitcoin is Wasteful? Have You Ever Thought About the True Cost of Fiat?8.8

One of the most commonly repeated criticisms of Bitcoin is its energy consumption. It seems that every few months, some new report is penned stating that Bitcoin uses the same amount of electricity as an ever larger country.

However, demonising Bitcoin on such grounds is highly reductionist. After all, there is a lot more that goes into our current monetary system than just ten thousand or so supercomputers running day and night.

Original source

Add comment

Please Sign in to be able to leave comments.