▲ 113 ▼ Bitcoin briefly rises to record high over $70,000 (www.reuters.com) submitted 2 years ago by Tukma@lemmy.cafe to c/news@lemmy.world 83 comments fedilink hide all child comments
[–] honey_im_meat_grinding@lemmy.blahaj.zone 13 points 2 years ago (1 child) How much electricity does the world banking system use? (Answer: a whole lot more) Per capita or in total? permalink fedilink source parent hideshow 2 child comments replies: [+] nulluser@programming.dev -14 points 2 years ago (2 children) Apples to apples. One global banking system to one global Bitcoin network. permalink fedilink source parent hideshow 4 child comments replies: [–] capital@lemmy.world 8 points 2 years ago* (last edited 2 years ago) (1 child) That is the opposite of apples to apples. Per capita measurements exist for a reason. permalink fedilink source parent hideshow 2 child comments replies: [+] nulluser@programming.dev -7 points 2 years ago (1 child) Per what capita? There's only one global banking system on Earth. That's what makes it global. There's only one Bitcoin blockchain, and it's globally accessible. Trying to subdivide either into arbitrary regions based on geographic or geopolitical borders is meaningless. permalink fedilink source parent hideshow 2 child comments replies: [–] capital@lemmy.world 4 points 2 years ago (1 child) How about per 'people who are actually going to use this shit for day-to-day spending'? I just got my mom using a password manager and still have to remote in to help her from time to time. And you wanna get her to move to digital cash that, once stolen, is unrecoverable? Get real. permalink fedilink source parent hideshow 2 child comments replies: [–] nulluser@programming.dev -2 points 2 years ago* (1 child) That's a strong argument against password managers. We probably shouldn't allow them, since some people are going to find them difficult to use. ETA: Doubling the number of people using Bitcoin (especially on layer 2 protocols), is not going to remotely double it's energy usage. permalink fedilink source parent hideshow 2 child comments replies: [–] capital@lemmy.world 2 points 2 years ago (1 child) You'd have a point if managing passwords was as central to existing in modern society as being able to use money. permalink fedilink source parent hideshow 2 child comments replies: [–] nulluser@programming.dev 0 points 2 years ago* Modern society, you say? I would say that it absolutely is, but that's just me. You do you. permalink fedilink source parent [–] captainlezbian@lemmy.world 4 points 2 years ago (1 child) So does that mean that it won’t use appreciably more electricity if it quintuples in size and volume unlike the world banking system? permalink fedilink source parent hideshow 2 child comments replies: [–] nulluser@programming.dev -4 points 2 years ago (2 children) You don't think that the world banking system would use more energy if it quintupled in size? The world banking system uses more energy every time your local credit union installs an ATM at another grocery store. permalink fedilink source parent hideshow 4 child comments replies: [–] captainlezbian@lemmy.world 3 points 2 years ago And that’s why we say that per person or per transaction matters. For the amount of value it provides how much does it use? Bitcoin is worse by a lot even if its primary use was as a currency rather than an investment vehicle permalink fedilink source parent [–] calcopiritus@lemmy.world 0 points 2 years ago Despite having millions of ATMs and banking offices, it uses less energy. There's probably more ATMs than Bitcoin users. The Bitcoin network is absolutely tiny in userbase for the amount of energy they waste. permalink fedilink source parent
[+] nulluser@programming.dev -14 points 2 years ago (2 children) Apples to apples. One global banking system to one global Bitcoin network. permalink fedilink source parent hideshow 4 child comments replies: [–] capital@lemmy.world 8 points 2 years ago* (last edited 2 years ago) (1 child) That is the opposite of apples to apples. Per capita measurements exist for a reason. permalink fedilink source parent hideshow 2 child comments replies: [+] nulluser@programming.dev -7 points 2 years ago (1 child) Per what capita? There's only one global banking system on Earth. That's what makes it global. There's only one Bitcoin blockchain, and it's globally accessible. Trying to subdivide either into arbitrary regions based on geographic or geopolitical borders is meaningless. permalink fedilink source parent hideshow 2 child comments replies: [–] capital@lemmy.world 4 points 2 years ago (1 child) How about per 'people who are actually going to use this shit for day-to-day spending'? I just got my mom using a password manager and still have to remote in to help her from time to time. And you wanna get her to move to digital cash that, once stolen, is unrecoverable? Get real. permalink fedilink source parent hideshow 2 child comments replies: [–] nulluser@programming.dev -2 points 2 years ago* (1 child) That's a strong argument against password managers. We probably shouldn't allow them, since some people are going to find them difficult to use. ETA: Doubling the number of people using Bitcoin (especially on layer 2 protocols), is not going to remotely double it's energy usage. permalink fedilink source parent hideshow 2 child comments replies: [–] capital@lemmy.world 2 points 2 years ago (1 child) You'd have a point if managing passwords was as central to existing in modern society as being able to use money. permalink fedilink source parent hideshow 2 child comments replies: [–] nulluser@programming.dev 0 points 2 years ago* Modern society, you say? I would say that it absolutely is, but that's just me. You do you. permalink fedilink source parent [–] captainlezbian@lemmy.world 4 points 2 years ago (1 child) So does that mean that it won’t use appreciably more electricity if it quintuples in size and volume unlike the world banking system? permalink fedilink source parent hideshow 2 child comments replies: [–] nulluser@programming.dev -4 points 2 years ago (2 children) You don't think that the world banking system would use more energy if it quintupled in size? The world banking system uses more energy every time your local credit union installs an ATM at another grocery store. permalink fedilink source parent hideshow 4 child comments replies: [–] captainlezbian@lemmy.world 3 points 2 years ago And that’s why we say that per person or per transaction matters. For the amount of value it provides how much does it use? Bitcoin is worse by a lot even if its primary use was as a currency rather than an investment vehicle permalink fedilink source parent [–] calcopiritus@lemmy.world 0 points 2 years ago Despite having millions of ATMs and banking offices, it uses less energy. There's probably more ATMs than Bitcoin users. The Bitcoin network is absolutely tiny in userbase for the amount of energy they waste. permalink fedilink source parent
[–] capital@lemmy.world 8 points 2 years ago* (last edited 2 years ago) (1 child) That is the opposite of apples to apples. Per capita measurements exist for a reason. permalink fedilink source parent hideshow 2 child comments replies: [+] nulluser@programming.dev -7 points 2 years ago (1 child) Per what capita? There's only one global banking system on Earth. That's what makes it global. There's only one Bitcoin blockchain, and it's globally accessible. Trying to subdivide either into arbitrary regions based on geographic or geopolitical borders is meaningless. permalink fedilink source parent hideshow 2 child comments replies: [–] capital@lemmy.world 4 points 2 years ago (1 child) How about per 'people who are actually going to use this shit for day-to-day spending'? I just got my mom using a password manager and still have to remote in to help her from time to time. And you wanna get her to move to digital cash that, once stolen, is unrecoverable? Get real. permalink fedilink source parent hideshow 2 child comments replies: [–] nulluser@programming.dev -2 points 2 years ago* (1 child) That's a strong argument against password managers. We probably shouldn't allow them, since some people are going to find them difficult to use. ETA: Doubling the number of people using Bitcoin (especially on layer 2 protocols), is not going to remotely double it's energy usage. permalink fedilink source parent hideshow 2 child comments replies: [–] capital@lemmy.world 2 points 2 years ago (1 child) You'd have a point if managing passwords was as central to existing in modern society as being able to use money. permalink fedilink source parent hideshow 2 child comments replies: [–] nulluser@programming.dev 0 points 2 years ago* Modern society, you say? I would say that it absolutely is, but that's just me. You do you. permalink fedilink source parent
[+] nulluser@programming.dev -7 points 2 years ago (1 child) Per what capita? There's only one global banking system on Earth. That's what makes it global. There's only one Bitcoin blockchain, and it's globally accessible. Trying to subdivide either into arbitrary regions based on geographic or geopolitical borders is meaningless. permalink fedilink source parent hideshow 2 child comments replies: [–] capital@lemmy.world 4 points 2 years ago (1 child) How about per 'people who are actually going to use this shit for day-to-day spending'? I just got my mom using a password manager and still have to remote in to help her from time to time. And you wanna get her to move to digital cash that, once stolen, is unrecoverable? Get real. permalink fedilink source parent hideshow 2 child comments replies: [–] nulluser@programming.dev -2 points 2 years ago* (1 child) That's a strong argument against password managers. We probably shouldn't allow them, since some people are going to find them difficult to use. ETA: Doubling the number of people using Bitcoin (especially on layer 2 protocols), is not going to remotely double it's energy usage. permalink fedilink source parent hideshow 2 child comments replies: [–] capital@lemmy.world 2 points 2 years ago (1 child) You'd have a point if managing passwords was as central to existing in modern society as being able to use money. permalink fedilink source parent hideshow 2 child comments replies: [–] nulluser@programming.dev 0 points 2 years ago* Modern society, you say? I would say that it absolutely is, but that's just me. You do you. permalink fedilink source parent
[–] capital@lemmy.world 4 points 2 years ago (1 child) How about per 'people who are actually going to use this shit for day-to-day spending'? I just got my mom using a password manager and still have to remote in to help her from time to time. And you wanna get her to move to digital cash that, once stolen, is unrecoverable? Get real. permalink fedilink source parent hideshow 2 child comments replies: [–] nulluser@programming.dev -2 points 2 years ago* (1 child) That's a strong argument against password managers. We probably shouldn't allow them, since some people are going to find them difficult to use. ETA: Doubling the number of people using Bitcoin (especially on layer 2 protocols), is not going to remotely double it's energy usage. permalink fedilink source parent hideshow 2 child comments replies: [–] capital@lemmy.world 2 points 2 years ago (1 child) You'd have a point if managing passwords was as central to existing in modern society as being able to use money. permalink fedilink source parent hideshow 2 child comments replies: [–] nulluser@programming.dev 0 points 2 years ago* Modern society, you say? I would say that it absolutely is, but that's just me. You do you. permalink fedilink source parent
[–] nulluser@programming.dev -2 points 2 years ago* (1 child) That's a strong argument against password managers. We probably shouldn't allow them, since some people are going to find them difficult to use. ETA: Doubling the number of people using Bitcoin (especially on layer 2 protocols), is not going to remotely double it's energy usage. permalink fedilink source parent hideshow 2 child comments replies: [–] capital@lemmy.world 2 points 2 years ago (1 child) You'd have a point if managing passwords was as central to existing in modern society as being able to use money. permalink fedilink source parent hideshow 2 child comments replies: [–] nulluser@programming.dev 0 points 2 years ago* Modern society, you say? I would say that it absolutely is, but that's just me. You do you. permalink fedilink source parent
[–] capital@lemmy.world 2 points 2 years ago (1 child) You'd have a point if managing passwords was as central to existing in modern society as being able to use money. permalink fedilink source parent hideshow 2 child comments replies: [–] nulluser@programming.dev 0 points 2 years ago* Modern society, you say? I would say that it absolutely is, but that's just me. You do you. permalink fedilink source parent
[–] nulluser@programming.dev 0 points 2 years ago* Modern society, you say? I would say that it absolutely is, but that's just me. You do you. permalink fedilink source parent
[–] captainlezbian@lemmy.world 4 points 2 years ago (1 child) So does that mean that it won’t use appreciably more electricity if it quintuples in size and volume unlike the world banking system? permalink fedilink source parent hideshow 2 child comments replies: [–] nulluser@programming.dev -4 points 2 years ago (2 children) You don't think that the world banking system would use more energy if it quintupled in size? The world banking system uses more energy every time your local credit union installs an ATM at another grocery store. permalink fedilink source parent hideshow 4 child comments replies: [–] captainlezbian@lemmy.world 3 points 2 years ago And that’s why we say that per person or per transaction matters. For the amount of value it provides how much does it use? Bitcoin is worse by a lot even if its primary use was as a currency rather than an investment vehicle permalink fedilink source parent [–] calcopiritus@lemmy.world 0 points 2 years ago Despite having millions of ATMs and banking offices, it uses less energy. There's probably more ATMs than Bitcoin users. The Bitcoin network is absolutely tiny in userbase for the amount of energy they waste. permalink fedilink source parent
[–] nulluser@programming.dev -4 points 2 years ago (2 children) You don't think that the world banking system would use more energy if it quintupled in size? The world banking system uses more energy every time your local credit union installs an ATM at another grocery store. permalink fedilink source parent hideshow 4 child comments replies: [–] captainlezbian@lemmy.world 3 points 2 years ago And that’s why we say that per person or per transaction matters. For the amount of value it provides how much does it use? Bitcoin is worse by a lot even if its primary use was as a currency rather than an investment vehicle permalink fedilink source parent [–] calcopiritus@lemmy.world 0 points 2 years ago Despite having millions of ATMs and banking offices, it uses less energy. There's probably more ATMs than Bitcoin users. The Bitcoin network is absolutely tiny in userbase for the amount of energy they waste. permalink fedilink source parent
[–] captainlezbian@lemmy.world 3 points 2 years ago And that’s why we say that per person or per transaction matters. For the amount of value it provides how much does it use? Bitcoin is worse by a lot even if its primary use was as a currency rather than an investment vehicle permalink fedilink source parent
[–] calcopiritus@lemmy.world 0 points 2 years ago Despite having millions of ATMs and banking offices, it uses less energy. There's probably more ATMs than Bitcoin users. The Bitcoin network is absolutely tiny in userbase for the amount of energy they waste. permalink fedilink source parent