undefined | Better HN

0 pointseasymodex6y ago0 comments

I have been in a similar situation and to me it's one of the main reasons why we need cryptocurrencies.

0 comments

Not at all. The Single European Payment Area solves these issues without wasting a gargantuan amount of energy.

Isn't all the infrastructure, people employed, offices and everything needed to support something also a waste of energy if it can be replaced by some lines of code? Also with your energy wasting straw man remark i assume you are talking specifically about bitcoin which is just one of many cryptocurrencies and a lot of them aren't based on proof of work.

majewsky6y ago

Sure, there is a lot of energy expended for the traditional banking infrastructure. It also serves multiple magnitudes more transactions than any cryptocurrency.

jedberg6y ago

Cryptocurrencies don't solve this problem, but they do lack the regulations and baggage that cause it.

dnadler6y ago

I'll take my government insured bank account over cryptocurrency any day of the week.

j / k navigate · click thread line to collapse

0 comments

majewsky6y ago

Not at all. The Single European Payment Area solves these issues without wasting a gargantuan amount of energy.

easymodexOP6y ago

majewsky6y ago

Sure, there is a lot of energy expended for the traditional banking infrastructure. It also serves multiple magnitudes more transactions than any cryptocurrency.

jedberg6y ago

Cryptocurrencies don't solve this problem, but they do lack the regulations and baggage that cause it.

dnadler6y ago

I'll take my government insured bank account over cryptocurrency any day of the week.

j / k navigate · click thread line to collapse