Gold doesn't take any power to store value.
Gold doesn't take any power to store value.
oh yeh...you just put it anywhere and it'll just stay there.
oh yeh...you just put it anywhere and it'll just stay there.
It's how we found it in the ground.
It's how we found it in the ground.
no just to transport or securely store or make divisible or to be useful in any meaningful way, then yes you're right.
no just to transport or securely store or make divisible or to be useful in any meaningful way, then yes you're right.
Nor does Bitcoin. In both cases mining is expensive, energy intensive, and driven by self-interest.
Nor does Bitcoin. In both cases mining is expensive, energy intensive, and driven by self-interest.
.....which is pretty much the ideal scenario for success.
.....which is pretty much the ideal scenario for success.
Mining and transactions are one thing that's costly and requires a big infrastructure. I can trade gold with someone without much energy.
Mining and transactions are one thing that's costly and requires a big infrastructure. I can trade gold with someone without much energy.
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