Franck Leroy
1 min readFeb 16, 2021

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It's irrelevant. Bitcoin is barely usable (and used) as a practical currency : all transactions are public, it is super slow (up to 1 hour to valiate a tx), it does not scale (400.000 tx max per day), it's very expensive (30$ of fees per transaction !!), the value is too volatile, etc.

When was the last time you purchased something (service / good) with bitcoin ?

This thing is now more than 1 decade old and is only used as a speculation value.

Hence, it should be compared to Gold for instance (although Gold still has some actual usage in electronics for instance).

To this regard, mining Bitcoin requires 3 to 5 more energy than mining Gold.

https://digiconomist.net/bitcoin-mining-more-polluting-than-gold-mining

Not mentioning also the incredible amount of wasted mining devices : they are outdated every 1.5 years and replaced. They cannot be used for anything useful. We are talking about 14 000 tons of electronic waste per year !

https://digiconomist.net/bitcoin-electronic-waste-monitor/

The more I look at Bitcoin, the more it looks like a (bad) joke.

I am sure we can come up with something less stupid than wasting the power of the whole Argentina to resolve Sudokus for securing this giant decentralized gambling machine.

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