You don’t think that the world banking system would use more energy if it quintupled in size? The world banking system uses more energy every time your local credit union installs an ATM at another grocery store.
And that’s why we say that per person or per transaction matters. For the amount of value it provides how much does it use? Bitcoin is worse by a lot even if its primary use was as a currency rather than an investment vehicle
So does that mean that it won’t use appreciably more electricity if it quintuples in size and volume unlike the world banking system?
You don’t think that the world banking system would use more energy if it quintupled in size? The world banking system uses more energy every time your local credit union installs an ATM at another grocery store.
And that’s why we say that per person or per transaction matters. For the amount of value it provides how much does it use? Bitcoin is worse by a lot even if its primary use was as a currency rather than an investment vehicle
Despite having millions of ATMs and banking offices, it uses less energy.
There’s probably more ATMs than Bitcoin users.
The Bitcoin network is absolutely tiny in userbase for the amount of energy they waste.