But not all of Banking is just validating transactions. Do you get that?
The amount of energy that goes into maintaining accounts will be the same with maintaining wallets.
The fact that any central authority/gang/thief can seize my wallet by simply stealing my password is a bigger problem than a bank holding on to my transactions...a bank I can trust because of rule of law.
Now we'll have to have fraud prevention for bitcoin...which means more additional energy.
The amount of energy that goes into maintaining accounts will be the same with maintaining wallets.
The fact that any central authority/gang/thief can seize my wallet by simply stealing my password is a bigger problem than a bank holding on to my transactions...a bank I can trust because of rule of law.
Now we'll have to have fraud prevention for bitcoin...which means more additional energy.