Imagine trying to quantify the amount of energy that goes into the current financial system with all its inefficiencies and manpower, time and energy that it takes.
I would love to see this number compared to the amount of energy PoW consumes.
I would love to see this number compared to the amount of energy PoW consumes.
Show me a smart contract that can issue an undercollateralized loan. Turns out that takes manpower, time, and energy to underwrite this stuff.
This sounds like the typical, “other industry is run by dumb people. They need us tech devs to come civilize them.”
Those numbers were obviously from the POW network, so unknown how they will change post merge, but arguing that current systems waste energy too seems a bit biased.