> Even at the peak of the last bullrun, it didn't even amount to 1% of global energy consumption.
Getting close to 1% of global electricity consumption to do a piddling quantity of transactions is a massive amount of waste. This is, like, 5 orders of magnitude or worse less efficient than normal banking networks, or about the same usage as all televisions.
I don't care about the energy usage as long as it buys us private global government-free currency. If that "inefficiency" is the price I pay it gladly. My only objection is the fact this energy is being poured into obsolete technology like BTC which doesn't provide us privacy. It should be going into Monero instead.
Getting close to 1% of global electricity consumption to do a piddling quantity of transactions is a massive amount of waste. This is, like, 5 orders of magnitude or worse less efficient than normal banking networks, or about the same usage as all televisions.