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Gold is quite useful industrially, however. Last I checked, you can't coat wires with Bitcoin to make them less prone to oxidation.
by jrockway 7y ago
Gold is quite useful industrially, however. Last I checked, you can't coat wires with Bitcoin to make them less prone to oxidation.
- gruez 7y agoAccording to[1], "technology" demand (eg. not for jewelry, investment, or central bank reserves) is only 7.5% of total demand. Your response only excuses a small fraction of the pollution being generated from gold extraction. I should say there's also 48% used for jewelry, but that doesn't really make a good excuse either. The pollution is necessary because ... people need to display their wealth? [1] https://www.gold.org/goldhub/data/gold-supply-and-demand-statistics https://www.gold.org/goldhub/data/gold-supply-and-demand-sta...
- Torwald 7y agoBitcoin is also quite useful industrially, that is not the problem.
- jrockway 7y agoThe thing is, it's not.