Re: Energy consumption could become an issue if bitcoin really breaks through
imo energy costs will translate into transaction fees which will get bigger to include a small 0.1-1% fee extra for all the juice we waste...
What will cause even more juice to be wasted. Transaction fees shift the economic equilibrium towards higher energy consumption.
but the easiest version would be:
you think fiat comes cheap ? magnetic ink, special paper, ultra high tech industrial printers, shitload of employees ...a triple shitload of security for printing, designing, moving, destroying old ....etc etc
MONEY IS A LOT MORE EXPENSIVE that we think sometimes..... in most countries COINS nowadays have basically a bigger metal value than face value for example .... (doesnt mean you get rich if you start melting copper penies ...but while 1penny is 1 penny ...the copper it weights is at least 1.05 penny in value....and the work, machinery, employees would make that penny cost maybe 1.15 to create...so ..wow bitcion is a lot cheaper
plus it costs only the miner to create it ...in el ....el spent in transaction is almost 0 ...(or same as when paying online with fiat) .... while fiat costs are covered by the FED (or equivalent local bitchgroup) which is DEFINITELY financed from public monies paid by all tax registered hard working sons of bitches 
like all of us ....
You're talking about M0 money supply. Bills and coins. They make up for about 10% of the M2 money suppy. (http://money.howstuffworks.com/how-much-money-is-in-the-world.htm) including all money located on bank accounts and funds.you think fiat comes cheap ? magnetic ink, special paper, ultra high tech industrial printers, shitload of employees ...a triple shitload of security for printing, designing, moving, destroying old ....etc etc
MONEY IS A LOT MORE EXPENSIVE that we think sometimes..... in most countries COINS nowadays have basically a bigger metal value than face value for example .... (doesnt mean you get rich if you start melting copper penies ...but while 1penny is 1 penny ...the copper it weights is at least 1.05 penny in value....and the work, machinery, employees would make that penny cost maybe 1.15 to create...so ..wow bitcion is a lot cheaper
plus it costs only the miner to create it ...in el ....el spent in transaction is almost 0 ...(or same as when paying online with fiat) .... while fiat costs are covered by the FED (or equivalent local bitchgroup) which is DEFINITELY financed from public monies paid by all tax registered hard working sons of bitches like all of us ....Money on bank accounts and funds is most probably less "costly" if you only count storage and transaction energy and infrastructure.
If you want to convince me, you need to do a little more research.