Re: Comparing wax apples with silk poppies
Actually I do. I worked and built the infrastructure for 20 years in banking. Specifically the card systems.
Let’s start with the receiving bank with all the buildings and power for them, employees, and what it requires for them to get to work. Next is the network infrastructure owned by say ,MasterCard, and the buildings and all those employees. Then finally the bank with the account the money comes from and all it takes. And don’t forget the bloated federal wing of money stuff.
Bitcoin cuts thru all of that, seller / buyer / network.
Bitcoins that I mined uses ASIC not GPU, that is ETH. Is it wasteful? Heck yes. That is the point. It cost to create it, so it has value. The dollar requires a lot less and you and I have no control over how much is created.
If someone has a better idea how to trade now is the time to speak up. I had 30% of my on hand cash value taken from me in the last calendar year, just like everyone else.
Biting the hand that feeds IT
