Re: A single bitcoin transaction could power the average US household for a month"
Again this energy consumption issue being raised without any basis and each time they come up with this bullishit they start making weird comparison like this time average household consumption for month.
Why in the hell they always have the issue with it? The answer is they fear it and don't want people to have belief over it because it can end up their false monopoly in existence from hundreds of years and they can loose control of the financial system from their hands and spit out these bullshit things.
Here is an data illustrating this energy consumption of banking system,gold and bitcoin mining and you can have the results in front of you clearly :
There are on average hundred thousand of banks running in the US only and their energy consumption is too high emitting carbons in the air from these Air conditioner but that doesn't affect the environment.
The whole world combined usage is much more and bitcoin is Just fraction of it and if something that is capable of providing fund ownership with decentralised control then it's worth it :
So whatever they say you don't need to trust them and keep holding your coins and stay strong..
Why in the hell they always have the issue with it? The answer is they fear it and don't want people to have belief over it because it can end up their false monopoly in existence from hundreds of years and they can loose control of the financial system from their hands and spit out these bullshit things.
Ok, How many Fileserver/switches/routers/computers/printers/Airconitioners have to run in secure Server rooms to run the 1000s of Banks in the World? Do they calculate the energy used to run the Fiat Banking system?
It's usually more than bitcoin mining so transaction is not even minute part of it but they don't care about it because they are circulating and lending people fiat the legal tender of their country but even btc usage with renewable resources hurt them Here is an data illustrating this energy consumption of banking system,gold and bitcoin mining and you can have the results in front of you clearly :
There are on average hundred thousand of banks running in the US only and their energy consumption is too high emitting carbons in the air from these Air conditioner but that doesn't affect the environment.
The whole world combined usage is much more and bitcoin is Just fraction of it and if something that is capable of providing fund ownership with decentralised control then it's worth it :
So whatever they say you don't need to trust them and keep holding your coins and stay strong..