History for paulm

The lightning network is what carries the load of day-to-day transactions for the bitcoin monetary system.
On-chain transactions (which are what you are referring to Bullion) are for final settlement, given the 10-60 minute settlement time and higher fees involved. 
It should also be noted that the energy use of the bitcoin network does not scale with that transaction volume, so although it's a neat mathematical transaction to divide the energy use by on-chain transactions, it is not how the system scales.
The lightning network, which is where day-to-day transactions take place, is vastly more energy efficient, and faster, than VISA, Mastercard, Paypal etc, and has far more capacity for scaling. 
Although bitcoin works in a vastly different way than the current financial system, if you want to make comparisons, you must compare the right layers with each other.
Lightning is the comparison with Visa/Mastercard/Paypal and any other transactional fiat network.
On-chain is the comparison with SWIFT and the full military industrial and power structures that support the petro-dollar. That means you should be comparing the energy use etc of bitcoin mining with all military, government, central banking, and any other power structures in the fiat world, to get a true picture of the possibilities with bitcoin. 

The lightning network is what carries the load of day-to-day transactions for the bitcoin monetary system.
On-chain transactions (which are what you are referring to Bullion) are for final settlement, given the 10-60 minute settlement time and higher fees involved. 
It should also be noted that the energy use of the bitcoin network does not scale with that transaction volume, so although it's a neat mathematical transaction to divide the energy use by on-chain transactions, it is not how the system scales.
The lightning network, which is where day-to-day transactions take place, is vastly more energy efficient, and faster, than VISA, Mastercard, Paypal etc combined, and has far more capacity for scaling. 
Although bitcoin works in a vastly different way than the current financial system, if you want to make comparisons, you must compare the right layers with each other.
Lightning is the comparison with Visa/Mastercard/Paypal and any other transactional fiat network.
On-chain is the comparison with SWIFT and the full military industrial and power structures that support the petro-dollar. That means you should be comparing the energy use etc of bitcoin mining with all military, government, central banking, and any other power structures in the fiat world, to get a true picture of the possibilities with bitcoin. 

The lightning network is what carries the load of day-to-day transactions for the bitcoin monetary system.
On-chain transactions (which are what you are referring to Bullion) are for final settlement, given the 10-60 minute settlement time and higher fees involved. 
It should also be noted that the energy use of the bitcoin network does not scale with that transaction volume, so although it's a neat mathematical transaction to divide the energy use by on-chain transactions, it is not how the system will scale.
The lightning network, which is where day-to-day transactions take place, is vastly more energy efficient, and faster, than VISA, Mastercard, Paypal etc combined, and has far more capacity for scaling. 
Although bitcoin works in a vastly different way than the current financial system, if you want to make comparisons, you must compare the right layers with each other.
Lightning is the comparison with Visa/Mastercard/Paypal and any other transactional fiat network.
On-chain is the comparison with SWIFT and the full military industrial and power structures that support the petro-dollar. That means you should be comparing the energy use etc of bitcoin mining with all military, government, central banking, and any other power structures in the fiat world, to get a true picture of the possibilities with bitcoin.