this post was submitted on 27 Jul 2025
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[–] qaz@lemmy.world 8 points 1 day ago* (last edited 1 day ago) (19 children)

The current systems used by VISA use significantly less energy compared to PoW cryptocurrencies such as Bitcoin

statista.com - Bitcoin average energy consumption per transaction compared to that of VISA as of January 19, 2025

Ethereum was able to cut their energy usage down drastically by moving away of PoW. Windmills and clean energy aren't the solution, getting rid of PoW is. Why build more solar farms if you could just not use so much electricity?

[–] O_i@lemmy.world -4 points 1 day ago (10 children)

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)

[–] survirtual@lemmy.world -5 points 1 day ago (4 children)

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.

[–] MiddleAgesModem@lemmy.world 4 points 20 hours ago

they are all in banking’s pocket.

The fastest way to render your point invalid.

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