[Cthulhu_]

Gold is generally a one-time investment though - you could smelt it into a bar at a high initial energy cost, but after that, transferring it is free. As opposed to BTC which apparently costs 300 KWh per transaction.

[jacquesm]

> you could smelt it into a bar at a high initial energy cost, but after that, transferring it is free.

How is it free after the initial smelting to transfer?

Moving physical gold around is very expensive.

[granshaw]

Exactly. Plus you need to factor in the exploration, mining, and extraction costs too