• O_i@lemmy.world
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    3 days ago

    I think I haven’t explained myself properly. I will admit it seems bitcoin uses more energy in this case. However, we’re comparing Bitcoins entire currency system with that of a processor of fiat. I’m on mobile right now but I would like to see that comparison for arguments sake, bitcoin ecosystem vs fiat ecosystem (including mining, storing and transport of gold)

    • squaresinger@lemmy.world
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      3 days ago

      Ah, moving the goal posts, aren’t we?

      Did you know that gold has nothing to do with the fiat ecosystem? In fact, the whole point of the word fiat in fiat ecosystem means that it is not based on gold at all. And if you include gold in the equation because some people use fiat to buy or sell gold, then you need to include gold in the energy costs of bitcoin as well, since people also use bitcoin to buy/sell gold.

      • explodicle@sh.itjust.works
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        2 days ago

        They’re not moving the goalposts.

        How much does the entire banking and credit card industry contribute to emissions for almost the same service?

        The current systems used by VISA

        bitcoin ecosystem vs fiat ecosystem

        Ah, moving the goal posts, aren’t we?

    • qaz@lemmy.world
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      3 days ago

      fiat ecosystem (including mining, storing and transport of gold)

      Gathering / transporting valuables is not a part of the fiat ecosystem. The value of fiat currency does not depend on any underlying materials (like gold, silver, etc.) like the currencies before.

    • Auli@lemmy.ca
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      3 days ago

      So does the fiat system then get added to Bitcoin? Since it’s only value is it can be exchanged for fiat currency.

    • survirtual@lemmy.world
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      3 days ago

      Don’t engage with these ignorant assholes man, they are all in banking’s pocket. We are at war, you know that right? Who the hell would be this passionate about protecting a slimy, evil ass legacy network without any audibility, responsible for countless wars, death, usurping of democratic governments, literally the death of this planet via global warming…

      Traditional banking supports and incentives genocide.

      It supports and incentivizes oil.

      It shut down nuclear power.

      It limits renewable power.

      It is the engine of our destruction.

      Do not justify yourself to it. You are the correct one. Anyone who cannot see this will never see it now. Leave them on their path to die. They will go down with the ship. I feel for them, but it is too late now.

      • qaz@lemmy.world
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        2 days ago

        Don’t engage with these ignorant assholes man, they are all in banking’s pocket.

        Shit you got me, you ruined our perfect psyop!

      • O_i@lemmy.world
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        2 days ago

        Oof yeah I looked back and noticed I’m arguing on memes😵‍💫 it’s amazing we’re on the fediverse but they can’t see the parallels

        • survirtual@lemmy.world
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          2 days ago

          Yup.

          Look, they’re arguing against math. Not much you can say to someone at that point. The knowledge is free for everyone to see now. Even someone with basic curiosity about the universe can access it.

          You can barely have a conversation with people that far gone. Bitcoin will be worth $10,000,000 of their worthless dollars and used for commerce between Earth and Mars, and they’d still be arguing against it. It could lead to the construction of a dyson sphere around an artificial sun, powered completely by fusion energy, and they’d still criticize the energy usage while talking to an energy-guzzling AI about their relationship issues.

          They’re gone my friend.