Comment Re: Is this a bad joke? (Score 1) 65
It burns power for security not throughput.
You could drop the power requirements to a single raspi to mine the blocks with 0 change to transactional throughput.
Inefficiency is traded for security and decentralization.
If that is a viable tradeoff... Idk time will tell.
The only way to get the efficiency of something like Visa is to replicate what exists with the current banking/card provider layers where the blockchains preform a similar function as the banking network and throughput is handled by a secondary layer on top.