this post was submitted on 08 Dec 2024
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181
The Rise of Digital Currencies: What It Means for Traditional Banking (wealthari.com)
submitted 2 weeks ago by [email protected] to c/[email protected]
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[–] [email protected] 2 points 1 week ago* (last edited 1 week ago)

The energy usage was criticized not in absolute terms, but in relation to the numbers of transactions. Cryptocurrencies are criticized for consuming more energy while being much lower in volume.

That said, we do need projects like Monero now. At least at the present moment, it is the closest we have to "digital cash".