Summary
TLDR: Satoshi believes that the energy consumption of Bitcoin would still be more efficient than traditional banking activities, which use resources for buildings and marketing.
Key Points
1. Bitcoin’s energy consumption, if significant, would still be less wasteful than conventional banking activity it could replace.
2. The cost of Bitcoin’s energy consumption would be significantly lower than the billions spent on banking fees for physical infrastructure and marketing.
3. Satoshi Nakamoto, the creator of Bitcoin, believed that the potential benefits of the cryptocurrency outweighed the environmental concerns related to its energy consumption.