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peteey | 5 years ago

Yes. Holding gold in the US was illegal due to executive order 6102.

There's no need for mental gymnastics of blaming energy. Just one powerful guy says "no" and poof, its illegal. Now laws or logic required.

There was an exception for collector coins and jewelry

discuss

pradn|5 years ago

It's not mental gymnastics to have a legitimate concern about energy usage.

RGamma|5 years ago

Especially when the economic value provided by that consumption is virtually zero (net negative with externalities).

I liked the idea of bitcoin when it came out, but as per usual things have just gotten out of hand from there.

gruez|5 years ago

Are there similar concerns about the pollution produced by gold mining? eg. "we should ban gold because it's so toxic to mine!"