> And make sure to compare how much energy (including the entire military, police forces, FBI, etc.) is used to secure US dollars.
Those aren't to secure the US dollar, those are to secure the US. Switching to Bitcoin would not change the expenditure in those areas one iota. Not. One. Iota.
If anything the US dollar is freeloading on the expenditure there.
However, setting that aside, it's pretty trivial to disprove your argument. If you linearly scaled the energy usage of Bitcoin to the number of transactions per second currently handled by just Visa alone, Bitcoin would require more energy than the entire world generates a few times over, and generate more e-waste than the entire world generates today. 7 transactions per second is enough for a decently flea market or a Costco, not a global economy.
> Bitcoin would be an utter failure if it sacrificed security in order to gain speed and efficiency.
Which is why it shouldn't exist. We can do better. We are doing better already.
Those aren't to secure the US dollar, those are to secure the US. Switching to Bitcoin would not change the expenditure in those areas one iota. Not. One. Iota.
If anything the US dollar is freeloading on the expenditure there.
However, setting that aside, it's pretty trivial to disprove your argument. If you linearly scaled the energy usage of Bitcoin to the number of transactions per second currently handled by just Visa alone, Bitcoin would require more energy than the entire world generates a few times over, and generate more e-waste than the entire world generates today. 7 transactions per second is enough for a decently flea market or a Costco, not a global economy.
> Bitcoin would be an utter failure if it sacrificed security in order to gain speed and efficiency.
Which is why it shouldn't exist. We can do better. We are doing better already.