As of today, uses more energy than the country of Peru and a little less than Hong Kong.

And most of the network is powered by Chinese coal plants.

:burning_poop: <β€” actual image of a BTC

@kropot The idea of disintermediating banks isn't a bad one, but even before the current blockchain hype Bitcoin never succeeded in its original mission and was plagued by pump and dump schemes and various frauds. Proof of work, which initially looked like a clever hack, turned out to be a disastrously bad way to secure a database.

@kropot So, how much energy does the traditional banking sector uses?

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