BTC-Gold Energy comparison – BTC is really really energy intensive!

Bitcoin is not the new gold. On foot of the FT article today on BTC and by extension cryptocurrency energy consumption (TL:DR its a dirty dirty currency) a common thread of commentary is “what about gold, eh, look how energy intensive that is”. Well….lets do that

“Looks like rain, Ted”

Willing suspension of disbelief is a fine thing when one is reading a magic realist novel or watching a MCU caper. Its harder to take when listening to the breathless “be grand” platitudes of the government around Summer 2021.