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Bitcoin hesitaters complain that Bitcoin takes too much energy to create. But consider our own petro dollar: the amount of energy it requires is staggering. The cultivation of paper, printing, distribution, storage, etcetera uses much more energy. Consider all the banks required to distribute and count it over and over.

Having said that, note that the federal reserve note is also backed by energy, just in a different form. Gold stopped backing our currency when Nixon was in office.

Bitcoin hesitaters complain that Bitcoin takes too much energy to create. But consider our own petro dollar: the amount of energy it requires is staggering. The cultivation of paper, printing, distribution, storage, etcetera uses much more energy. Consider all the banks required to distribute and count it over and over. Having said that, note that the federal reserve note is also backed by energy, just in a different form. Gold stopped backing our currency when Nixon was in office.

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[–] [deleted] • 2 pts

You can't convert Bitcoin back into energy. A silver or gold coin can be melted and used. Bitcoin is data on a computer representing energy expenditure that won't come back. It is no more a currency than a filling you have from eating too many sweets as a child.