Comment But how much energy is used by traditional fiat? (Score 0, Troll) 161
So I get it, bitcoin is using massive amounts of energy to power it. But how much energy is used by other currencies? Both in the creation and the destruction of the currency? It costs a lot of money to maintain paper bills and coins. Keep them in circulation, etc... Then there is the processing cost of storing & transport of those physical goods. You need to factor those in to the cost analysis when comparing fiat to bitcoin, and not just say "bitcoin is using power lol!"
Yes, it uses power, but so do fiat currencies, and I'd wager they use about the same amount in their lifecycle as bitcoin does.