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> Anyone can mine gold Bizarre comment - there's only a handful of places in the world where gold is located (most countries have close to zero), and they're p
by jakub_g 5y ago
> Anyone can mine gold
Bizarre comment - there's only a handful of places in the world where gold is located (most countries have close to zero), and they're probably controlled by some powerful private entity and probably under a gov license.
- Negitivefrags 5y agoNothing is preventing you just going to a gold producing river and panning for gold. You will be just as effective doing that as someone who just runs the Bitcoin client at home. Getting serious requires specialised hardware setup and capital intensive operations in both gold mining and Bitcoin mining.
- aaronharnly 5y agoInterestingly enough, between 1933 and 1975, it was a criminal offense for U.S. citizens to own or trade gold anywhere in the world, with exceptions for some jewelry and collector's coins. https://en.wikipedia.org/wiki/Gold_Reserve_Act https://en.wikipedia.org/wiki/Gold_Reserve_Act