= 27d567bc2d48d9f40e9ccc20ea370b15)
TrE comments on Harry Potter and the Methods of Rationality discussion thread, part 26, chapter 97 - Less Wrong
You are viewing a comment permalink. View the original post to see all comments and the full post content.
= 783df68a0f980790206b9ea87794c5b6)
Loading…= b715d02e85f7b3b4ae65ca3d3e450868)
Subscribe to RSS Feed
Powered by Reddit
= f037147d6e6c911a85753b9abdedda8d)
You are viewing a comment permalink. View the original post to see all comments and the full post content.
Comments (501)
Minerva and Griphook weren't surprised by the idea of taking raw gold and turning into coins. Presumably this happens sometimes; it's not the case that all the Galleons in the world were first minted thousands of years ago. So how did the gold in the wizard economy get there in the first place? And what is the mechanism that prevents it now but didn't prevent it then?
Are all wizards in the world unaware that Muggles possess gold at all? Surely not; Muggles probably own much more gold, and operate many more gold mines, than wizards do. If wizards ever went looking for un-mined gold, they'd encounter Muggle competition.
Wizards have an apparently trivial method of acquiring gold: Apparate into a bank vault, fill your Bag of Holding, Apparate away to Gringotts. It's doable by most wizards, carries no real risk, is unnoticeable by the bank, untraceable when they do notice the gold is missing, and the other wizards and goblins probably don't care if some Muggles were robbed by an unknown wizard.
Hypothesis: The muggles don't possess much gold. Most of the huge stacks of gold in places like Fort Knox are clever magical replicas, and have been for a very long time. Any wizard can easily see through the ruse, but the muggles are clueless.
How do we have gold that we use as a conductor? Perhaps when a muggle handles fake gold, it gets magically swapped with real gold from a small supply elsewhere. Or else, maybe fake magic gold is a really good conductor.
And what about all the new gold the muggles mine, day by day? Wouldn't that cause inflation in the wizard economy? And where does the swapped-out gold go?
Alternately: The wizards already mined all the real gold too.
It's like bitcoin mining - whoever steals Muggle gold first gets to keep it. Of course that's the Americans.