And that consists of taking gold out of the ground and putting it back under the ground - in vaults and adding an extra dash on paper. That's a lot of energy expenditure with destruction of the environment as well (cyanide is still used in gold mining).
What we need is a more efficient digital currency and stores of value. Gold is not the answer either.
No cyanides, no blown up mountains, and can be powered by clean energy.
Everyone thinks it will boil the oceans, for some reason. If renewables cannot provide power - then we have to either improve renewables, or accept that nuclear is the answer and move on.
What we need is a more efficient digital currency and stores of value. Gold is not the answer either.