Alex Bornyakov, Ukraine’s deputy minister of digital transformation “the national bank is not fully operating, crypto is helping to perform fast transfers, to make it very quick and get results almost immediately,” “Crypto’s role is essential in this conflict in terms of helping our army.”

Crypto
nytimes.com/2022/03/11/technology/bitcoin-ukr...
nytimes.com

Posted Mar 15, 2022, 7:02 AM UTC

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1
littleMAS•

If you want to make something popular, make it useful in war and crime.

1
Spelunkingpunk•

Traditional banking is slow and uses more energy than blockchain transfers. Banks charge you, crypto pays you. It's a no brainer unless your a stock market theif.

-3†
ottoottootto•

The first sentence is entirely wrong.

0†
[deleted]•

[removed]

1
Spelunkingpunk•

"According to Galaxy's estimates, the annual energy usage of Bitcoin stands at 114 TWh, while the banking industry consumes over 260 TWh each year. Amid the ongoing concerns over Bitcoin's (BTC) energy consumption, a new study states that the traditional banking system consumes much more energy than the Bitcoin network. -May 17, 2021"

0†
cdombroski•

So what does that come out to in terms of energy cost per user or per transaction?

3
l4mbch0ps•

But but but, I read a headline comparing bitcoins power usage to various sized countries every day for several weeks with no context....!!!

2
Spelunkingpunk•

Dude, the FUD is real on blockchain. All it is is a forever ledger that no one can fuck with. The ones who fear accountability are paying quite a bit for this misinformation

-2