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I’m still waiting for my fair trade, organic, ethically made, non-strip mined gold. Gold has a market cap 10x Bitcoin held by central banks around the world and
by lowkey 5y ago
I’m still waiting for my fair trade, organic, ethically made, non-strip mined gold. Gold has a market cap 10x Bitcoin held by central banks around the world and is mined at a rate of about 2% per year making it a bigger issue than Bitcoin mining.
My understanding is that close to 100% of gold is mined using non-renewable energy. 100% of gold is strip mined in a rape of the planet that leaves the land completely unusable.
Gold production is at least 10x as environmentally destructive as bitcoin, half of which is mined using renewable energy.
I vote we ban coal plants and strip mining and boycott any country that violates the pledge. If we are being objective we should focus our efforts on the largest sources of pollution. Energy production isn’t the problem. Dirty energy production is the problem.
Since Bitcoin miners are mobile and constantly seeking the lowest cost electricity, if we ban dirty electricity production, Bitcoin actually incentivizes the production and development of new clean energy sources by opening up remote options that were not previously viable.