| dx11332sega said: If bitcoin replacers the dollar we'll see super tsunamis and other super destructive weathers and lesser rivers and the need for water would be bad? places like india needing watering etc because of the global warming? |
Governments won't be able to print money to spend their country out of a drought or other natural disaster, which will happen more often with more extreme weather.
To replace the dollar, transactions will need to be a lot easier and faster to do. There isn't enough processing power in the world to change all visa transactions to bitcoin. Atm it takes about 10 minutes for a bitcoin transaction to be processed, but can take much longer https://www.coolwallet.io/delayed-crypto-blockchain-transaction-and-history/ Not quite the tap and go you get with visa...
Although you have to wait quite a bit for your transaction to go through, BitCoin still does about 300K transactions per day.
https://www.blockchain.com/charts/n-transactions
However Visa does 1,700 per second... (over 150 million a day)
So imagine Bitcoin using about 500 times more energy as it does now to match Visa. (and the carbon footprint of 1 bitcoin transaction is already equivalent to the carbon footprint of 1.6 million visa transactions)
https://digiconomist.net/bitcoin-energy-consumption/
