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What's the difference from any kind of resource extraction industry that produces waste heat in addition to the resource?
by shawnz 6y ago
What's the difference from any kind of resource extraction industry that produces waste heat in addition to the resource?
- nootropicat 6y agoThat the gain from resource's utility is larger than losses, increasing the total amount of wealth in the world. Even in the case of gold, majority of demand is utility demand. https://www.goldbroker.com/media/image/cms/media/images/global-gold-demand-2019.jpg https://www.goldbroker.com/media/image/cms/media/images/glob...
- shawnz 6y agoI don't really understand. If Gold didn't have use cases as jewellery or for industrial uses then are you saying it would be a net destructor too? How can it be a net destructor if the coins are worth more than the mining energy? Would Gold become a net destructor if jewellery demand declined for some reason?