The Cost of Setting Up a Bitcoin Node

In bitcoin even at its worst case scenarios for the transaction capacity that bitcoin can process we'd still be able to have a system with several thousand effective central banks around the world well they're not central banks but but safe. The cost of setting up a bitcoin node is far far far cheaper than setting up a gold central bank. In order to maintain the bitcoin network the amount of electricity is tremendous in order to validate constantly all of these transactions it is extremely expensive yesOkay government that's really the point so if you go back to history before the federal reserve came into a being in the united states and probably true in other countries there were private banks issuing paper currency backed by gold.