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An article containing some basic misunderstandings of BTC, as in
The vast majority of Bitcoin’s energy consumption happens during the mining process. Once coins have been issued, the energy required to validate transactions is minimal. As such, simply looking at Bitcoin’s total energy draw to date and dividing that by the number of transactions doesn’t make sense — most of that energy was used to mine Bitcoins, not to support transactions.
itsbruce
georgert
Likely true for now, but it's changing fast (the market cap of BTC is already more than 10% that of gold). And the relative worth of BTC 'trading' has the potential to be of far bigger value to society than gold trading.
This is worth a read if you're interested: https://hbr.org/2021/05/how-much-energy-does-bitcoin-actually-consume?utm_source=pocket&utm_medium=email&utm_campaign=pockethits