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Quote from: the bitcoin wiki
No more so than the wastefulness of mining gold out of the ground, melting it down and shaping it into bars, and then putting it back underground again. Not to mention the building of big fancy buildings, the waste of energy printing and minting all the various fiat currencies, the transportation thereof in armored cars by no less than two security guards for each who could probably be doing something more productive, etc.
No one said those activities arent any less unnecessary than Bitcoin mining.
Thanks to mining gold we're able to communicate at this moment, there's tons of gold across all internet capable devices.
However, that is not [t]hanks to (fenghush) the storage of gold bullion.
