Quote:
Originally Posted by bomaroast
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Wrong. It's very easy to see who is right. Traditional banking can be conducted and was conducted for hundreds of years without any electricity or computer hardware. Traditional banking can perform transactions without having to decode/re-encode all past transactions. There is not waste built into the system as a matter of course.
All for the sake of being "free" from traditional forms of money and control. Nevermind that the e-coins are all completely dependent on electricity, computer hardware manufacturers, and the internet infrastructure.
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All that paper, all the buildings that house the employee's to maintain those ledgers, all the manufacturing of the currency and safe places to store it, and shipping of assets around the world to maintain all this has a huge footprint.
Your phone's camera using the internet to do all of that digitally is a huge reduction in environmental impacts.
If it wasn't for the internet already being there, and phones already existing, building the infrastructure to do that would be as costly, but since all that is there already, it's free.
The ecoin economy works without employee's without headquarters etc.
The reason I say it's hard to say who is right, because my argument is, even with ecoins humans would just build the same wasteful system out of it anyway because we're retarded.