Post
Topic
Board Economics
Re: Is Gold the root of all evil?
by
Yakamoto
on 30/11/2015, 22:12:46 UTC
Gold is never been evil because its all time a great sign of love its just we are who are going to create all troubles for this beautiful word we need to talk and solve these things Gold is really Gold
I wouldn't say gold is a great sign of love. It is merely a valued piece of metal which is backed by real life uses, and given value due to the scarcity and requirements of extracting it. I have a hard time following the rest of your statement, so that's my two cents.
You say Bitcoin is morally superior to gold, but what about the mining farms that are using a lot of gigawatts of electricity and subsequently damaging the planet,
what do you have to say to that?
Gold, in and of itself, is not evil. The methods of obtaining wealth are the real evils.

As said above, the pursuit of gathering gold have lead to the collapse of entire ecosystems, due to the toxic byproducts being dumped in the most convenient place possible. Cyanide causes entire rivers to be toxic and lethal for anything that drinks from it. Sometimes large areas are decimated as a means of getting gold (however the same areas may be reclaimed after the mining operation is completed).

Bitcoin farms, on the other hand, use far less metal materials than mining operations do. Having a group of circuits, fans and wires as opposed to giant metal shells with circuits, fans, wires, engines, and fuel is far less consuming. Plus the only "damage" caused by mining is the use of electricity; which can be procured by renewable means, such as solar or wind energy.

There is so much less ecological damage done by Bitcoin it doesn't even seem like this should be an argument.