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Title: Numbers for a BTC gold standard Post by: conspirosphere.tk on February 14, 2012, 03:31:51 PM From here: http://www.numbersleuth.org/worlds-gold/ (http://www.numbersleuth.org/worlds-gold/)
you get an existing gold world stock of 530,487,318.9 troy ounces. Dividing that for the 21,000,000 BTC due to come in existence, you get: >252 gold ounces per BTC 8) Title: Re: Numbers for a BTC gold standard Post by: cypherdoc on February 14, 2012, 03:35:14 PM $1724/oz x 252 oz gold/BTC = $438,984/BTC :D
Title: Re: Numbers for a BTC gold standard Post by: RaggedMonk on February 14, 2012, 07:20:20 PM Numbers for a cans of soda in my fridge BTC standard
I have 8 12 oz sodas in my fridge. (96 oz total) There will be 2100000 BTC eventually Each ounce of soda is worth 175K BTC! Thats more than $0.5MM each! My math made as much sense as yours did. Want to buy a can of my soda for a steal at 10BTC? Free shipping! Title: Re: Numbers for a BTC gold standard Post by: conspirosphere.tk on February 14, 2012, 07:36:11 PM Mm. No. But I may accept your gold for my BTC.
See the difference? Title: Re: Numbers for a BTC gold standard Post by: cpt_howdy on February 14, 2012, 07:44:05 PM Numbers for a cans of soda in my fridge BTC standard I have 8 12 oz sodas in my fridge. (96 oz total) There will be 2100000 BTC eventually Each ounce of soda is worth 175K BTC! Thats more than $0.5MM each! My math made as much sense as yours did. Want to buy a can of my soda for a steal at 10BTC? Free shipping! Math = OK. Logic = needs some work. ;D |