It can be calculated as ( AmountOfElectricuty + CostOfHardWare ) / NumberOfTransactions
How do you calculate cost per transaction in a fiat system, for example the USD?
Think about all the energy that is used by a fiat monetary system.
Same formula, isn't it?
How about cost of employees, cost of real estate, etc. etc. in a fiat system?
I wonder what the cost of the USD system would be.
First we have to agree on units, then a baseline.
Compared to the existing system that one finds preferable to USD, what is the average gain (or loss), per participant, in:
life expectancy
opportunity for independence (political, financial)
time spent completing a transaction (financial, social, commercial)
access to What is a good word encompassing the < >?