Dispelling
FUD
'Too much' energy is a value proposition that must consider
how we value the purpose of the energy use.
When one considers that the Christmas lights in the US use
as much electricity as the entire Bitcoin network,
then perhaps one can see that it is all relative!
Using energy, even a whole lot of energy, to secure the
hardest, most censorship-resistant money humanity has ever
known, is more than worth it.
In comparing bitcoin energy usage to that used by the legacy
system, we also need to consider the 'full stack' on both
sides:
Bitcoin Ecosystem | Legacy Fiat System |
---|---|
ASIC Miners | BIS (International Settlement Banks) |
Nodes | Central Banks |
Hardware Wallets | National/Regional Banks |
Software Wallets | Military Industrial Complex |
Data Centers | |
Physical Currency Printing | |
Physical Currency Distribution | |
Online Banking Applications | |
ATM Network |
By using bitcoin, we will ultimately reduce energy usage in a
multitude of other areas, most notably by no longer needing the
Military Industrial Complex to protect the petro dollar.