Cash provides essential fallback when digital payments break down, Payment Choice Alliance points out

Meanwhile, Bitcoin hasn’t had a single hack or a single hour of downtime since it started 15 years ago. Decentralization is the answer.

  • corvi@lemm.ee
    64·
    4 months ago

    Bitcoin also processes a tiny fraction of a percent of global transactions and uses a ton of power in the process. Decentralization may be the answer, but Bitcoin definitely isn’t.

    • makeasnek@lemmy.mlOPEnglish
      25·
      4 months ago

      <1% of global energy use to process billions of value transfer every year. Lightning transactions have the energy usage equivalent of an e-mail since they don’t go on chain. Main chain, via lightning and other L2 solutions, can process and secure trillions of transactions per year.