"Long before we had the Bitcoin energy debate, we had the gold resource cost debate. The contours were similar: the costs associated with gold refining and extraction were a waste; they were too great relative to a mere fiat standard in which notes could be printed for virtually nothing."
In his first piece written for Bitcoin Magazine, Nic Carter discusses the history of the debate about the gold standard and compares it to the more modern to the debate about Bitcoin and energy costs.
Join Guy Swann as he reads Nic Carter's article on Bitcoin, energy, and the gold standard.
Find the full article on Bitcoin Magazine:
https://bitcoinmagazine.com/culture/bitcoin-and-gold-energy-debate
Bitcoin Magazine Podcast