Now do the gold mining industry, and then how USD is backed by armies. And then you can research Lightning Network on top of Bitcoin and how it can process an unlimited number of transactions.
Quite an amazing feat fitting all the ridiculous things Bitcoiners say about energy usage into such a short post.
1. The gold mining industry has nothing to do with bitcoin.
2. The gold mining industry has nothing to do with money.
3. The gold mining industry does not use anywhere near 0.1% of the entire energy production of the planet.
4. Just throwing the army in there for some reason, huh.
5. The lightning network does not "process an unlimited number of transactions".
6. The Lightning network does not scale.
7. Nobody knows how to make the Lightning network scale.
8. If the Lightning network worked, which it doesn't, it doesn't need to run on top of Bitcoin, so Bitcoin still does not need to burn 0.1% of the world's energy.
Pretty close to unlimited, if you imagine a channel as slider or a bead on an abacus, as long as both nodes using the channel agree where it is, the position can be updated an infinite number of times without touching the blockchain. Timelocks let a transaction pivot through many of these.
This is just whataboutism. Gold isn't used as a currency. Seems a stretch to claim the armies exist solely for the USD. And until the Lightning Network is actually implemented it will remain theoretical.
Not sure where you get your news but LN is implemented and functional. There are wallets, services, software, etc, downloadable, functional, used every day. If what you mean to say "get all the marchants that support BTC to accept LN", then yes, there is still some progress needs to be done.
The LN is not functional. It does not have an implementation of routing that scales. Nobody knows how to make an implementation of routing that scales.
If LN ever sees anything more than toy usage, it will fall over instantly, and become unusable.
