Post
Topic
Board Economics
Re: Is Gold the root of all evil?
by
Yakamoto
on 03/12/2015, 16:24:05 UTC
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?
So you're saying the actual mining operations don't use huge amounts of electricity. In my opinion the legit mining operations are far worse for the climate, than bitcoin mining.

However gold mining does create more jobs than bitcoin farms.
True, physical mines do create more jobs, but at the same time we need people in other professions that are always available, such as being farm hands or becoming technicians. Even though jobs are created via mines, there should be alternatives for those jobs, even if they are not in the same industry.

I personally think that available jobs should be more diversified, but there are issues with the supply/demand economic models that prevent that from working as intended.

It's a shame that we have to destroy large areas just to create more jobs for people. (However I do realize it isn't as simple as that.)