Re: Money transfer - it's not clear why money going to criminal organization is better than the government. Also, since most people actually have negligible savings, it's not clear that inflation actually "steals" money from the people.
Re: Energy use - A single Bitcoin transaction is around $8 today. If you assume an efficient market, where the cost to compute Bitcoin is roughly equivalent to the energy cost, that's a crazy 80kWh in US energy cost for a single transaction (and probably more, since Bitcoin mining is done where energy cost is lower). The claim that a fraction of that comes from renewable is silly, this renewable energy could go to other means.
> it's not clear why money going to criminal organization is better than the government.
Don't put words in my mouth that I didn't say (or rather, typed). I never said it's better. Government&banks-robbing-all is a worthy cause to fight anytime, even if it doesn't directly help the criminals-robbing-a-few problem, because actually, the latter already happens today, and will always happen (sadly). So we must fix one thing at a time.
yes but that tranfer fee is the same for 100 or 1 billion in value, and lightning correctly implemented pushing that fee down to the subcent number.
One of the biggest misconceptions around Bitcoin is somehow that it was supposed to sort all this out before it bootstrapped to a large enough network, but we all know that´s impossible.
Energy use - A single Bitcoin transaction is around $8 today.
Depends on how quickly you need that transaction to hit the blockchain.
Anything over 30 minutes is currently 1 sat/vByte and 1 sat = $0.00019230 dollars. The average bitcoin transaction is about 250 bytes. That's $0.048075 or almost 5 cents.
Re: Energy use - A single Bitcoin transaction is around $8 today. If you assume an efficient market, where the cost to compute Bitcoin is roughly equivalent to the energy cost, that's a crazy 80kWh in US energy cost for a single transaction (and probably more, since Bitcoin mining is done where energy cost is lower). The claim that a fraction of that comes from renewable is silly, this renewable energy could go to other means.