Originally posted by DealorNoDeal
View Post
Compared to what?
This is like somebody who hears people say big numbers, such as the NHS total budget, and says "look! big numbers! It's being funded!" It's being funded sure, but compared to what? NHS spend is one of the lowest of similar rich countries in Europe. When you compare, things become easier to understand.
Fiat currency supply has a large computerised chain involved in processing it, printing it, creating it. Why not have a stab in the dark about how all that technology works and how much power the entire physical chain, including physical logistics, costs to the taxpayer and private companies. It will dwarf bitcoin's electricity usage by an enormous multiple.
Comment