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RE: Bitcoin already uses more energy than the global financial system. First bans

in #technology4 years ago

"their prices are 3-4 times higher than they should be"

And who defines what is the "correct" price? A central committee? The price is exactly where it should be, as long as demand is much higher than supply. This price will incentivize producers to produce more. Otherwise supply will never go up.

And regarding the financial systems 130 TWh usage. I am wondering how that was calculated. So many things fall into this. All the banksters salaries and bonuses, the emissions of their SUVs,... was this all added too?