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A comment on Cambridge Bitcoin Electricity Consumption Index. Parent comment
> this not backing ?
It's the opposite. Originally you said "Gold Market is backed by Governments". This is governments being (partially) backed by gold.
>> look at how little gold China stores
> by metric tones china is on 6th place in world, what do you mean ?
Their economy is the largest in the world. How much smaller are their gold holdings, compared to those in first place?
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> this not backing ?
It's the opposite. Originally you said "Gold Market is backed by Governments". This is governments being (partially) backed by gold.
>> look at how little gold China stores
> by metric tones china is on 6th place in world, what do you mean ?
Their economy is the largest in the world. How much smaller are their gold holdings, compared to those in first place?