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A comment on S&P Dow Jones Indices to launch cryptocurrency indexes in 2021. Parent comment

Re:S&P Dow Jones Indices to launch cryptocurrency indexes in... by shawnz on Friday December 04, 2020 @08:51AM (#25302185)
What's the difference from any kind of resource extraction industry that produces waste heat in addition to the resource?
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Re:S&P Dow Jones Indices to launch cryptocurrency indexes in... by nootropicat on Friday December 04, 2020 @05:05PM (#25308815)
That the gain from resource's utility is larger than losses, increasing the total amount of wealth in the world. Even in the case of gold, majority of demand is utility demand.

https://www.goldbroker.com/media/image/cms/media/images/glob...

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Re:S&P Dow Jones Indices to launch cryptocurrency indexes in... by shawnz on Sunday December 06, 2020 @09:44AM (#25323754)
I don't really understand. If Gold didn't have use cases as jewellery or for industrial uses then are you saying it would be a net destructor too? How can it be a net destructor if the coins are worth more than the mining energy?

Would Gold become a net destructor if jewellery demand declined for some reason?

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