Is Bitcoin Energy Consumption Comparable to the Traditional Financial System?

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The traditional financial system is like 27 times, you know, more energy than big coin. And so if bickin were to ever go up, say, ten axa 20, axtom here, and even ifit, if its energy usage starts getting anywere close to one % of gob energy usage, that would basically eat probably a lot of the busly inefficient legacy system we see now. Vi, i'll exuse anything on there. You won't come back on. Yee, i did see an estimate recently that put the total data center energy used for the traditional financial sector at somewhere around 200, forty te or what hours. Which i thought was funny, because

Debate: Crypto vs The Environment It is estimated that the global Bitcoin network currently consumes about 133 terawatt-hours of electricity annually - roughly equal to what is consumed by the nation of Sweden. Crypto skeptics warn that the energy demands of the network are a threat to the environment and that further adoption of cryptocurrency will lead to a harmful rise in carbon emissions. However, crypto advocates say that the figures often used to denounce crypto can be misleading and when you examine the biggest contributing factors to climate change globally, Bitcoin is responsible for just 0.13% of annual carbon emissions. Furthermore, unlike the traditional financial system, they say, networks like Bitcoin continue to make strides in adopting renewable energy with initiatives like the Crypto Climate Accord committing producers to net-zero by 2040. So who's right or wrong? Speakers: Lyn Alden: Financial analyst and founder of Lyn Alden Investment Strategy where she provides tens of thousands of investors with the latest research, information, and tools to help them build wealth and manage digital assets. Subscribe to her newsletter at: https://www.lynalden.com/newsletter-archives/ Alex De Vries: Founder of Digiconomist, a platform dedicated to exposing the unintended consequences of digital trends. The host is Anne McElvoy senior editor and head of podcasts at The Economist. This debate series is is partnership with EQONEX the Nasdaq listed digital asset advisory. Register free for our third debate 'Crypto can bank the unbanked' here: https://www.eventbrite.co.uk/e/debate-crypto-can-bank-the-unbanked-registration-165732106191?aff=ebdsoporgprofile

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