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ghost_of_aswartz 1 point ago +1 / -0

The problem with this argument is that it's sophistry. The banking system has 100% market share, meaning everyone, including bitcoiners, use it. Bitcoin people are <8%-10%. This number includes people who buy and hold, which is treating it as an asset and not a liquid currency. Liquid currency wise, it's 1% or less--that means people being paid in crytpo, people buying and selling in crypto.

Ok, so when bitcoin, which is ONE cryptocurrency out of over 300 coins, many of them shitcoins--be that as it may--bitcoin only has 40% of the market of all cyrptos


Adjust to 100% market share among all cryptos, and then adjust by multiplying by 100 or just under to get the real comparison of energy utilization to the banking system.

You will find it's WAY WAY WAY more than the energy used by the banking system

Stop using FALLACIES OF FALSE COMPARISON by hiding the "vastly non comparable market saturation of crypto"