RE: What a waste of power!
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I would have asked how much power it takes to keep the printing presses running to pump out all of that cash that the banks are doing now. How much money does it cost to store and protect the gold that they use for the reserves or how much power does it take to keep all of the bank branches open and running. It is things like that which people don't take into account. BTC despite how much power it seems to take now could save a lot of money and energy if it were adopted as a standard.
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Not to mention the risks of centralization.
I gabe examples of wafted energy, but the problem is that because they are already accepted, people don't see it as a waste. The thing is that most of what we do in this world is unnecessary, other than for keeping us busy. Would be nice to be busy doing something useful.
I recently heard that buying tickets for our subway system prior to 2020 (meaning, when it was packed full of people and close to bursting) only amounted to enough money to pay those who sold you the tickets. And There Be those ticket vending machines at each entrance, anyway.
I wish we had a 'like' function. I really do agree with your comment AND LOOK AT ALL THE POWER I'VE WASTED ANSWERING SOMETHING I AGREE WITH!!!
Wait? Your bank branches are open? Like people can freely go inside and do bank type transactions? Mine has the drive up window (two employees) open and nothing else. If you need to do anything in person you have to call for an appointment.
My brother the bank Vice President's words. "The pandemic has allowed us to give incredibly shitty service while reducing our work force without any sort of public outcry."
No, we have to only use the drive up. Remember I live in Michigan with the governor that everyone hates apparently (not me). They are still open with people manning the tills when all of this could be done via blockchain and crypto.
Yeah, but I have to use Fiat to pay my water bill and such.
I had a relatively simple problem that could have been handled by a human in maybe 10 minutes. I ended up with 3 hours of phone automated calling. FMB it was brutal. I have the branch manager's desk phone # but that suck up effort came up short when she started working from home.
So, it was my brother trying to send me money from my mother's estate. He said "If you banked with our bank I could handle this in 10 seconds." I said "If you were 1400 miles closer I would do that." We ended up using Apple Pay, and bumping the daily limit. It probably would have been just as fast to send a paper check, but I'd have to use the drive through to deposit.
That sucks! I am sorry you had to go through all of that.