Quote from: tspacepilot on September 17, 2014, 02:55:34 AM

Quote from: Holliday on September 17, 2014, 01:48:39 AM

Quote from: kokojie on September 17, 2014, 01:18:49 AM

Except Bitcoin already spends more on electricity, than VISA. But processes 0.001% of the amount of transactions VISA does.

Bitcoin isn't just the transaction network, it's also the asset being transacted. Your comparison is invalid.

Can VISA block transactions at their whim? Your comparison is invalid.

Agree, the comparison isn't valid. It's a lot like saying comparing a candle to a steam engine and saying, "look the candle uses way less energy". It totally obfuscates the fact that the candle isn't anywhere near as powerful or robust or even in the same class of object. The candle is fine for what it does, the steam engine is fine for what it does. But comparing them on energy use is crazy. It misses the fact that the steam engine can power a locotomotive train whereas the candle can power ..., well the candle can't really power anything but it can light up your room.

Its not, but man that was a funny comeback.

I concur with most here: NOPE the video was a DPOS commercial (links in the description gave it away), if you want to read my full thoughts on this then goto youtube.