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Over 2 percent of the US’s electricity generation now goes to bitcoin
(arstechnica.com)
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this post was submitted on 03 Feb 2024
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It's estimated the finance industry issues about 260 TWh, JUST Bitcoin alone uses 114 TWh. So Bitcoin is using a little less than half as much energy as the entire financial industry.
Bitcoin is orders of magnitude less efficient than traditional finance.
The entire "web 3.0" scam has basically been selling "databases but worse" to people who don't know what a database is
I kind of agree. To me it seems like the only real difference is the transparency. Which shows how bullshit legacy institutions are that they do what ever they can to hold onto control and remain opaque. Just be open and crypto has no advantage what so ever. But they won’t, so they will at the least through their own inability to curb their greed, allow crypto to own a space in the financial system