i should be smarter than to argue with bitcoin maximalists about the energy intensity of bitcoin, but seriously, technologists, the industry has a problem with energy usage *even at this scale*. if it 'actually' scaled to replace everything it would be catastrophic.
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surprisingly large average transaction value ($400k), high fees. transaction rate already near the cap ~400k/day. energy usage *while mining dominates* correlates with price, higher usage drives higher fees (*exception for L2) when block rewards dwindle, fees pay for energypic.twitter.com/OuWJL0BN6R
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fees are the 4th / final graph
11:29 PM - 19 Apr 2021
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