Bitcoin price: 2013 “too expensive” 2014 “too expensive” 2015 “too expensive” 2016 “too expensive” 2017 “too expensive” 2018 “too expensive” 2019 “too expensive” 2020 “too expensive” 2021 “too expensive” Bitcoin is always “too expensive” for those who don’t believe.
this graph is a stupid argument. bitcoin isn't capable of replacing 'government' or 'the banking system' it is just one component and if you scale it up even horizontally its energy usage will multiply, outscaling your comparisons. per transaction it's not even close.pic.twitter.com/BA2U4uZhKI
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s/graph/chart bitcoin is not a last resort user of electricity. 75% of mining is in china sited next to baseload coal plants and runs nearly continuously
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Let’s make this simple, industrial chemical manufacturing is top electricity consumer Electronics manufacturing uses is a top user as well I grew up in a time when fridges, TVs & cars were rare & humans survived just fine, should we go back to the store age?
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