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> this system is free.

Free? Who pays for the blockchain? Last I looked into it, each transaction requires about enough electricity to power a house for an entire day. That isn't very free.




That's an average including all the mining rewards, it's not actually paid by people issuing transactions. A simple transaction on Ethereum costs about a penny.

I agree the energy consumption of present-day blockchains is a problem; hopefully proof of stake will fix it.






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