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Author Topic: [Proof] Bitcoin is 500 million trillion times more valuable than gold  (Read 1365 times)
jerfelix
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June 07, 2011, 08:01:03 AM
 #1

Evaluating the smallest possible block in the block chain, I looked at Block #1, which is 215 bytes, and is 50 BTC.

Using calculations from 2007 Discover Magazine, we can compute that the weight of the 215 bytes is about 1E-21 ounces.

At current exchange rates, this 50 BTC is worth approximately 1E+3 dollars (a little less than a thousand bucks).  This means that Bitcoins are worth roughly 1E+24 dollars per ounce.

Gold is under $2000 per ounce (2E+3), so Bitcoins are 5E+20 times more valuable than gold.  
That's 500 * 1E+6 * 1E+12, or
500 million trillion times more valuable than gold.



Meaningless calculations, I know.  But kind of funny.  Maybe?
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carlerha
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June 07, 2011, 08:05:48 AM
 #2

lol win. That must mean my abstract skills, which have no mass, are infinitely more valuable than gold Cheesy Better put that on my business cards.

                         
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TraderTimm
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June 07, 2011, 11:53:25 AM
 #3

Thank you for posting this, I enjoy little mental games like these. It doesn't matter if there is no direct applicable use, just for 'fun' is enough of a reason Smiley

fortitudinem multis - catenum regit omnia
BlueTemplar
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June 09, 2011, 04:37:31 AM
 #4

OMG, it's even more expensive than antimatter!  Shocked
mellowhead
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June 09, 2011, 04:56:33 AM
 #5

Another fun fact: one million trillion = one quintillion.

11 Cheers for binary currency!
1BxQsmtVtzJD9uEe5MxcyqFaohpgb76ohs
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