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Re:Fiat is Effective: fiat for the crypto crowd [pdf] by mcguire on Monday October 16, 2017 @05:03PM (#15486639)
"Cryptocurrency is similar except that it wastes a lot more energy to accomplish the same thing."

Out of curiosity, what's the carbon footprint of bitcoin mining as compared to gold mining (and then parking the gold in a depository vault)?

Re:Fiat is Effective: fiat for the crypto crowd [pdf] by nwah1 on Monday October 16, 2017 @05:11PM (#15486679)
Gold mining is ecologically destructive, but varies based on the form. When gold becomes absurdly expensive, as would happen under a renewed gold standard, it would be very likely that the proposals to mine the sea floor would be pursued, and could have major ecological damage. As for carbon footprint, specifically, I don't know.

Thankfully, USD is not based on gold at all.