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Replying to Avatar Saberhagen The Nameless

Is gold mining "stealing to pay miners"?

If you think it's not, explain why it's different from Monero. Anyone can theoretically mine for gold like Monero, it requires "proof of work", and issuance is even more predictable than gold.

If you say yes it is, you would have to explain why mining Bitcoin isn't currently the same thing as gold/Monero mining as it dilutes the current circulating supply in the same way.

Fiat issuance is centralized, unpredictable, and requires no PoW.

Gold, Bitcoin, and Monero dont suffer from any of those qualities.

Bitcoin is in it's own category since it additionally has a fixed supply, but it would be incorrect to say gold/Monero are in the came category as fiat.

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OceanSlim 9mo ago

No. Because gold, however available, does have a fixed supply. God isn't emitting more gold everytime some gets dug up.

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Saberhagen The Nameless 9mo ago

There is always more gold to mine out there. It's not limited to earth. We can create it in labs and it's always being created in stars. Virtually limitless.

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