If all you care about is energy usage and transaction speed, the traditional finance system still wins.
Unless people are actively trading bitcoin enough where the transaction cost because an issue, there's little reason to trade in their tulip bulbs for iris bulbs. A bet on a cryptocurrency is a bet that people will think it's worth more money, not an investment in the underlying technology.
> If all you care about is energy usage and transaction speed, the traditional finance system still wins
Does it though? There are so many things to consider when talking about the "energy usage" of traditional money. All the vans moving money around, manufacturing, items to support PoS systems, sorting, protecting the money and so on.
> There are so many things to consider when talking about the "energy usage" of traditional money.
Yes, so many things that BTC will never do. It's vastly less efficient and offers nothing like the range of services and products of the existing finance system.
Any idea where I can keep my money and generate 10 - 20% passive income like you can with DeFi in the traditional system? Most savings account have negative interest rates currently.
Unless people are actively trading bitcoin enough where the transaction cost because an issue, there's little reason to trade in their tulip bulbs for iris bulbs. A bet on a cryptocurrency is a bet that people will think it's worth more money, not an investment in the underlying technology.