I think he's speaking of the total gold brought on to the market per unit of time, not per unit of energy. You are right that it takes less of both to pick up a gold nugget vs. operating a gold mine. He claims the same amount is mined year after year.
Post by twetch#10895
I need to read his work, but that claim simply can't be true. Even if you attribute European inflation after the Spanish brought massive amounts of new world gold to Europe from pre-mined supply, gold rushes in North America also saw disruptive inflation
What the chain says
- Block
- 623 125
- Time
- 2020-02-22T04:03:31Z
- Signer
- 1Pbz4esEs8BGKqqHcNBqm1yEcLdacauFPA
- App
- twetch
- Type
- post
- Content type
- text/plain
- Name in tx
- twetch#10895
Fields the transaction did not carry are omitted. Open the payload to see the bytes as stored.
Signed by
1Pbz4esEs8BGKqqHcNBqm1yEcLdacauFPA VerifiedReplies (1)
Agreed.