You are reading a single comment by @georgert and its replies.
Click here to read the full conversation.
-
Gold only has to be dug up once and then can sit in a vault while being used in any number of transactions. The initial cost is increasingly spread across those transactions, in this sense.
What transactions are these? I hope you don't mean gold-backed currency transactions, because that's not a thing anymore...
Gold only has to be dug up once and then can sit in a vault while being used in any number of transactions. The initial cost is increasingly spread across those transactions, in this sense. BTC's cost per transaction, on the other hand, increases constantly.
BTC's energy costs are on a bloody macro scale.