Bitcoin Forum
April 19, 2024, 06:04:21 AM *
News: Latest Bitcoin Core release: 26.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Numbers for a BTC gold standard  (Read 1130 times)
conspirosphere.tk (OP)
Legendary
*
Offline Offline

Activity: 2352
Merit: 1064


Bitcoin is antisemitic


View Profile
February 14, 2012, 03:31:51 PM
 #1

From here: 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
 Cool
1713506661
Hero Member
*
Offline Offline

Posts: 1713506661

View Profile Personal Message (Offline)

Ignore
1713506661
Reply with quote  #2

1713506661
Report to moderator
1713506661
Hero Member
*
Offline Offline

Posts: 1713506661

View Profile Personal Message (Offline)

Ignore
1713506661
Reply with quote  #2

1713506661
Report to moderator
Activity + Trust + Earned Merit == The Most Recognized Users on Bitcointalk
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
cypherdoc
Legendary
*
Offline Offline

Activity: 1764
Merit: 1002



View Profile
February 14, 2012, 03:35:14 PM
 #2

$1724/oz x 252 oz gold/BTC = $438,984/BTC  Cheesy
RaggedMonk
Sr. Member
****
Offline Offline

Activity: 308
Merit: 250



View Profile
February 14, 2012, 07:20:20 PM
 #3

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!
conspirosphere.tk (OP)
Legendary
*
Offline Offline

Activity: 2352
Merit: 1064


Bitcoin is antisemitic


View Profile
February 14, 2012, 07:36:11 PM
 #4

Mm. No. But I may accept your gold for my BTC.
See the difference?
cpt_howdy
Member
**
Offline Offline

Activity: 70
Merit: 10



View Profile
February 14, 2012, 07:44:05 PM
 #5

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.  Grin
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!