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If you really believe that something that is 1 million times less efficient than Visa/MasterCard for a fraction of the service, and that miners really use residential energy when they are active 24/7 and thus by definition a continuous strain on the grid, I have so many scams^W interesting products to sell you

https://digiconomist.net/bitcoin-energy-consumption



Comparing Bitcoin network to Visa/MasterCard is as pointless as comparing Gold mining to those cc networks. Fair comparison would be Bitcoin network vs Gold mining/storage/securing/transfer activities.


The convertibility between money and gold has stopped in the 70s.

Bitcoin allows for instant money transfer, and so does Visa.

The fact that bitcoin has no collateral is a whole other topic.


Bitcoin allows for instant Bitcoin transfer. The fact that it can be converted for money is a separate angle.

> The fact that bitcoin has no collateral is a whole other topic.

That's actually the main topic. Both Gold and Bitcoin are valuable because we as a society decided that they are valuable.


Instant?




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