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The Value of Community | Self-Hosted 131
All Jupiter Broadcasting Shows
Lightning Transactions Minimize Costs and Highlight Energy Use
The Lightning network significantly reduces transaction fees to nearly negligible amounts, allowing users to send tiny amounts of Bitcoin without concern for costs. Comparing it to traditional banking, Lightning acts as a lightweight transactional layer akin to ATMs, while traditional banks operate with extensive infrastructure and high energy consumption. Although energy usage in the fiat system is difficult to quantify, the Bitcoin network's energy use is often criticized. However, it's worth noting that Bitcoin's energy consumption is tied to its value, as it relies on real-world assets rather than creating currency from nothing.
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