Banking system energy consumption vs Bitcoin

Alberto Ribes
2 min readJun 8, 2021

There is a very interesting article here in medium that explains how much wealth/currency was destroyed in 2008 crisis, and we can calculate how much energy was consumed to create this wealth. With that energy we could power the Bitcoin network for 500 years. Do you realize the implications? Sorry I couldn’t find the link to the article. The point is that the current financial system is many, many times much…

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Alberto Ribes

I was a developer for a bank in Spain until the 2008 Economic Crisis. Since then enterpreneur, property manager and autodidact in economy.