But that's the point, there aren't as many transactions, nor will there likely every be, so it's a moot point because other cryptos don't have the power consumption of Bitcoin.
Go on...
Are you saying there is no more growth for Bitcoin as a currency ?
There always could be growth, depends on other countries adopting it like El Salvador has. On chain data suggests the big players are buying and moving off chain so it'll likely go the way of gold in my opinion.
If my arithmetic is correct, that equals 1.5 million times more energy used per transaction. Now, 1.5 million times a tiny number is perhaps not a very big number...but if it pertains to a thing - eg commercial transactions - that is counted in the tens of billions per day...well then it jumps up a few orders of magnitude in significance. I myself haven't verified what that graph is saying, but it sounds roughly accurate anyhow.
I will never forget this post.
No worries, you keep on swinging heavy hitter.
Shares are the same. How about the poor sods who bought Netflix shares just before they recently crashed 40%?
Good.
Very much hope you're someone who doesn't complain about the environmental 'impact' of Bitcoin then.
What do you think working a 9-5 job and keeping your money in a bank is?
Where are we supposed to get all the materials for the batteries to run everything required for this renewables reveloution to save the planet? I suppose there is some new recently dicovered magical method of locating these that doesn't require any mining whatsoever?
So you're cool with destroying the earth, taking advantage of indigenous populations and utilising child labour?
Yes I'm totally aware of those potential issues with mining.
