Understand the implications of Bitcoin's downfall in El Salvador. Learn about the failed economic bet and its impact on the country's financial stability.
Not promoting just saying that this is misinformation. Transactions are done in bulk and on the lightning network at a tiny fraction of what you suggest.
Edit: BTC itself can only process 8 or so transactions per second(hence the high energy demand per transaction), the actual number of monetary lightening network transactions (grouped up into a these large BTC transactions) is close to a million.
Not the greatest idea to transition to a currency where every single transaction requires the same amount of energy to power a mansion for a week.
Not promoting just saying that this is misinformation. Transactions are done in bulk and on the lightning network at a tiny fraction of what you suggest.
Edit: BTC itself can only process 8 or so transactions per second(hence the high energy demand per transaction), the actual number of monetary lightening network transactions (grouped up into a these large BTC transactions) is close to a million.
Didn’t know it was that bad. Knew it was bad, but that’s depressingly bad.