Gold runs blockchain technology

[First77]

Note: See on the right side of each post (top right corner) there is "+Merits"

There is $10 to $100 worth of Gold in each computer processor (intel, qualcomm etc..). Gold runs the technology world.

Gold is not getting used in laptop and computers only but also in smartphones and TVs . The gold used in these devices is not recoverable and it make around 10%  of the total demand of gold. There is still too much scope in the expansion of the  smartphone industry so this demand will go up and remember this  amount of gold is lost (deflation). There are other industry uses of gold (like medicine, aerospace etc.) but they do not make a significant portion.

Gold is at $1300/ounce and 1 Bitcoin is $6,200  

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[Slipknot79]

Interesting observations!! LOL

[mk4]

Your point being?

Yes, gold is being used in electronics(not sure if they're still being used that much or if they're now using an alternative), in jewelry, etc, but can you easily store gold like you can easily access your bitcoin on your mobile phone? Can you easily transfer a million dollars worth of gold overseas without paying hefty hefty fees?

Comparing gold with bitcoin, both has their own pros and cons.

[catchandeat]

Don't forget that gold isn't a jewelry gold

[First77]

Interesting observations!! LOL

Bitcoin users must also support and remember Gold   

[dothebeats]

Gold is a great conductor, that's why back then (and up to now I think), processor makers still include a little amount of gold to their products. Technically, not only blockchain technology is possible because of gold, but many other industries as well. I don't see the point of this post but then again, this is a widely-stated fact. Gold doesn't run the blockchain technology, given that only a small part of it is utilized in processors. Following your logic, a more apt observation would be: hardware runs blockchain technology.

[stompix]

There is $10 to $100 worth of Gold in each computer processor (intel, qualcomm etc..). Gold runs the technology world.

Gold is not getting used in laptop and computers only but also in smartphones and TVs . The gold used in these devices is not recoverable and it make around 10%  of the total demand of gold. There is still too much scope in the expansion of the  smartphone industry so this demand will go up and remember this  amount of gold is lost (deflation). There are other industry uses of gold (like medicine, aerospace etc.) but they do not make a significant portion.

Gold is at $1300/ounce and 1 Bitcoin is $6,200  

BS.
First, those 20-30$ worth of gold chips is ancient stuff.
Today you can barely find 1-2 $ of gold in most processors.

As for smartphones:

But the business case may not be as clear as the commissioner claims. At current gold prices, the amount in your handset is worth less than £1 ($1.67). While Umicore says extracting gold from phones is commercially viable, another company, London's Genuine Solutions Group, told the BBC it makes little or no money this way.

Second, this is the second time you're making this kind of topic and is just as useless and full of false information as the other one and he will go the same way:
https://bitcointalk.org/index.php?topic=3757949.0

Oh, is gold going down again while bitcoin is up?
Oh no, better dump that shiny metal and buy some coins  

[solarion]

There is $10 to $100 worth of Gold in each computer processor (intel, qualcomm etc..). Gold runs the technology world.

Gold is not getting used in laptop and computers only but also in smartphones and TVs . The gold used in these devices is not recoverable and it make around 10%  of the total demand of gold. There is still too much scope in the expansion of the  smartphone industry so this demand will go up and remember this  amount of gold is lost (deflation). There are other industry uses of gold (like medicine, aerospace etc.) but they do not make a significant portion.

Gold is at $1300/ounce and 1 Bitcoin is $6,200   

Once in the early month of 2017. I have noticed one thread says that bitcoin has reached the one ounce of gold price price but as commodity we cannot take the real thing into web even the bitcoin and blockchain technology have taken you to future financial system revolution.

As said bitcoin value is standing at 4 ounce gold price value now.

[zolfa]

bitcoin is not a stable coin, but gold is a value that has good stability. so, I understand that gold and bitcoin are a very valuable asset and will be used in the future, because in the future there is no fiat. or cash.

bitcoin with blockchain system or gold with blockchain system. both will compete today and in the future.

[santiPOGI]

There are so little gold in a computer.
it is a part of the computer that will let it operate.
BITCOIN is in blockchain.
i rather have a bitcoin that a pinch of gold.
BLOCKCHAIN runs by digits and codes all over the world.

[mlgblockchain]

One of the common and a good conductor for electricity is gold. Processors, some cables, graphics cards etc use gold just for the sake of conducting electricity. Generally these aren't pure gold and definitely not like the jewelry. I wouldn't count it as deflation.

[First77]

Gold is a great conductor, that's why back then (and up to now I think), processor makers still include a little amount of gold to their products. Technically, not only blockchain technology is possible because of gold, but many other industries as well. I don't see the point of this post but then again, this is a widely-stated fact. Gold doesn't run the blockchain technology, given that only a small part of it is utilized in processors. Following your logic, a more apt observation would be: hardware runs blockchain technology.

Technology is like a airplane/aircraft which cannot fly forever and has to come down to land. Without land, planes are in serious trouble.

[mk4]

bitcoin is not a stable coin, but gold is a value that has good stability. so, I understand that gold and bitcoin are a very valuable asset and will be used in the future, because in the future there is no fiat. or cash.

bitcoin with blockchain system or gold with blockchain system. both will compete today and in the future.

True. It's not a stable asset, for now. Hopefully we're going to see stability in price in the future when bitcoin gets adopted enough both as a currency and as a store of value. It could take decades upon decades, but I'm fine with it as long as we achieve that.

[Levin23]

Woowww ... Really ??!
I just found out, if laptops, computers and mobile phones use gold. What if gold around the world is up. but in my opinion without gold can still, because if there should be gold to make a Laptop, computer or mobile phone means one day there will be no phone again if the gold runs out.

[BillCoin]

The big difference here that gold has a value not only because it has an history for keeping value, it also have a critical usage in the technology , not only bitcoin, almost every machine part contains a small amount of gold.
But we steal can't compare 1oz gold to 1 bitcoin, as there are more then 21M oz of coins exist in the whole world, so we can't really say that 1btc matches 1 ounce, but if we compare between marketcaps then we might find that fair  value of bitcoin compared to 1oz of gold, and I believe it's going to be around 200 oz of pure gold and not about a single oz.

It's all about the total supply.

[First77]

The big difference here that gold has a value not only because it has an history for keeping value, it also have a critical usage in the technology , not only bitcoin, almost every machine part contains a small amount of gold.

That is the reason Gold is store of value. Those expensive computers/laptops have $30 to $50 gold. The same goes for smartphones like Samsung S9, Google Pixel 2 etc..

[mozers]

Hard to say that. It is true that gold is used on almost every electronic device, however, in terms of trading nature, bitcoin and gold are two completely different fields. Gold is in terms of asset reserves. Bitcoin is much easier than gold in trading assets.

[akram143]

Interesting observations!! LOL

I think gold will not the reason for the development of cryptocurrencies because the people are the reason for dollar panda cryptocurrency beep boop Gilmore support for the current then will need will be. Otherwise no one will support cryptocurrency.

[First77]

One of the common and a good conductor for electricity is gold. Processors, some cables, graphics cards etc use gold just for the sake of conducting electricity. Generally these aren't pure gold and definitely not like the jewelry. I wouldn't count it as deflation.

What about 16 Kilos of Silver in each cruise missile ?? That is pure Silver. I think Gold used in computers/laptops, smartphones are pure Gold. That is the reason Gold and silver are known as precious metals because they run technology.

[KMattox]

ahahahah and what do you want to tell us with it??
Blockchain is much better Gold. from every point of view.

[First77]

ahahahah and what do you want to tell us with it?? Blockchain is much better Gold. from every point of view.

As they say "Old is Gold"

[mk4]

ahahahah and what do you want to tell us with it??
Blockchain is much better Gold. from every point of view.

Bitcoin is better in terms of store of value and transfer of value. But definitely not in everything. You cant use bitcoin for electronics/hardware parts and jewelry.

[oegarod]

If that's the case gold is found over everything, and from my perspective blockchain technology will soon drive the gold. Already there were few ico that were developed over the smart contract platform but were backed with gold. Such initiation will surely lead gold to adopt blockchain technology to make it market stronger.

[Pettuh4]

ahahahah and what do you want to tell us with it??
Blockchain is much better Gold. from every point of view.

Bitcoin is better in terms of store of value and transfer of value. But definitely not in everything. You cant use bitcoin for electronics/hardware parts and jewelry.

Yes and the OP doesn't mean gold is outrunning bitcoin either he simply means a piece iof gold is found in almost every little technology out there including the computers that make up the bitcoin network and so essentially gold is running bitcoin.

[doraemon_33766]

Well I really didn't get your point. Yes gold is being used in many devices where it is required and the price is less than bitcoin too. Do you want to suggest all to invest into gold now? Will it be wise? Gold is not a sort of currency and you will not be able to deal with it as you can do with your bitcoin. 

[bitcoinman93]

There is $10 to $100 worth of Gold in each computer processor (intel, qualcomm etc..). Gold runs the technology world.

Gold is not getting used in laptop and computers only but also in smartphones and TVs . The gold used in these devices is not recoverable and it make around 10%  of the total demand of gold. There is still too much scope in the expansion of the  smartphone industry so this demand will go up and remember this  amount of gold is lost (deflation). There are other industry uses of gold (like medicine, aerospace etc.) but they do not make a significant portion.

Gold is at $1300/ounce and 1 Bitcoin is $6,200   

it's too simplified to put it this way, but you're right, it's a very interesting observation indeed this way we could add up also other minerals found in processors, the value would have grown

[First77]

Well I really didn't get your point. Yes gold is being used in many devices where it is required and the price is less than bitcoin too. Do you want to suggest all to invest into gold now? Will it be wise? Gold is not a sort of currency and you will not be able to deal with it as you can do with your bitcoin. 

The Pentium Pro also had two separate chips inside so this doubled the amount of solid gold wire bonding that is usually found in a single chip CPU. Gold refining yields of the Pentium Pro have been reported to be as high as around one gram per CPU.

www.chipsetc.com/gold-value-in-computer-chips.html

1 gram gold = $40   

[dutchkay]

Gold run's blockchain technology in what way. I have been trying to wrap my head around it but still not making sense to me. If gold are included in processors how does it then affect blockchain technology. Is like saying that gold runs the internet. Does that make any useful meaning. Hardware technology are different from blockchain. I think you need to read about blockchain technology again.

[allthingsluxury]

Interesting, but yes, I believe that both gold, silver and bitcoin have a role to play. They are real money.

[First77]

Yes and the OP doesn't mean gold is outrunning bitcoin either he simply means a piece iof gold is found in almost every little technology out there including the computers that make up the bitcoin network and so essentially gold is running bitcoin.

First comes Gold. Bitcoin and technology come second.   

[pxo.011]

are you serious? because i know that the computer motherboard or any part of it is made of copper (maybe this is what you think is a gold but no) and fiberglass , i do not see any of the parts in computer is gold. what you wanna say? even the processor of intel is not make of gold.

the processor is made of
Sand. Made up of 25 percent silicon, is, after oxygen, the second most abundant chemical element that's in the earth's crust. Sand, especially quartz, has high percentages of silicon in the form of silicon dioxide (SiO2) and is the base ingredient for semiconductor manufacturing.

by the way there is my source.

https://www.tomshardware.com/picturestory/514-intel-cpu-processor-core-i7.html

[stompix]

Well I really didn't get your point. Yes gold is being used in many devices where it is required and the price is less than bitcoin too. Do you want to suggest all to invest into gold now? Will it be wise? Gold is not a sort of currency and you will not be able to deal with it as you can do with your bitcoin. 

The Pentium Pro also had two separate chips inside so this doubled the amount of solid gold wire bonding that is usually found in a single chip CPU. Gold refining yields of the Pentium Pro have been reported to be as high as around one gram per CPU.

www.chipsetc.com/gold-value-in-computer-chips.html

1 gram gold = $40   

And how many Pentium Pro chips are still running?
How much gold is in a 7700K, do you have some numbers for this?
Or how about the S9 miner chips, how much gold is one of those things?

From the same article you've mentioned:

Modern computer chips manufactured after 1998 have very little gold content in them because most CPU's no longer use solid gold wire bonding technology or gold-plated lids in their packaging.

For example, the Intel Pentium 4 Microprocessor came in an organic (non ceramic) package with a nickle-plated copper lid, & it did not use gold wire internally to attach the silicon chip to it's package. It's only noticeable gold content came from it's connector pins that were thinly gold-plated. However, the pins were gold-plated to a thickness of only 0.76 microns - that calculates to just around a few cents worth of gold value per CPU

[First77]

For example, the Intel Pentium 4 Microprocessor came in an organic (non ceramic) package with a nickle-plated copper lid, & it did not use gold wire internally to attach the silicon chip to it's package. It's only noticeable gold content came from it's connector pins that were thinly gold-plated. However, the pins were gold-plated to a thickness of only 0.76 microns - that calculates to just around a few cents worth of gold value per CPU

World's 7th largest Sterlite Copper plant to shut down permanently  

Sterlite Copper plant at Thoothukudi will be sealed permanently, says a Government Order issued by Environment and Forests department.This follows directions issued by Tamil Nadu Pollution Control Board (TNPCB) for closure and disconnection of power supply to the unit last week.The Government Order said, it is brought to the notice of the Government that TNPCB did not renew the Consent to Operate to Vedanta Limited, Copper Smelter Plant in its order on April 19, 2018. Subsequently on May 23, TNPCB issued directions for closure and disconnection of power supply to the unit. The power supply has been disconnected on May 24.

“Today, the main demand of the people is that the copper plant should be permanently closed. In keeping with their demand, it is shut now. I would like to make it clear that the Sterlite plant will be permanently shut,” Panneerselvam said.Describing the death of 13 people in the police firing as an “incident of grief which melted the hearts of everyone’’, Panneerselvam expressed his condolences to the kin of the dead and wished the injured a speedy recovery. Recalling the steps taken by the government for closing down the plant, he said way ago in 2013, the copper plant was shut by late Chief Minister J Jayalalithaa. However, Sterlite approached the National Green Tribunal and got orders for resuming operations and the government’s petition opposing this was still pending in the Supreme Court.

https://www.thehindubusinessline.com/news

Back to Gold in computers/laptops??

[stompix]

For example, the Intel Pentium 4 Microprocessor came in an organic (non ceramic) package with a nickle-plated copper lid, & it did not use gold wire internally to attach the silicon chip to it's package. It's only noticeable gold content came from it's connector pins that were thinly gold-plated. However, the pins were gold-plated to a thickness of only 0.76 microns - that calculates to just around a few cents worth of gold value per CPU

World's 7th largest Sterlite Copper plant to shut down permanently  

bla bla bla

Back to Gold in computers/laptops??

Old news from two months ago.

Reality:
http://www.mining.com/copper-price-takes-another-huge-hit/

The price of copper suffered its seventh straight day of declines on Thursday, losing more than 3% in New York to $2.8205 or $6,220 a tonne on the Comex market, its lowest level since July last year

You really like to avoid discussions when you're cut spreading fake information, do you?

[Falmera]

Your point being?

Yes, gold is being used in electronics(not sure if they're still being used that much or if they're now using an alternative), in jewelry, etc, but can you easily store gold like you can easily access your bitcoin on your mobile phone? Can you easily transfer a million dollars worth of gold overseas without paying hefty hefty fees?

Comparing gold with bitcoin, both has their own pros and cons.

Thus, gold and bitcoin are closely similar to each other. But I do not see gold in the parts of computer, in the motherboard. Maybe that computer is very expensive for there is gold.

[First77]

Thus, gold and bitcoin are closely similar to each other. But I do not see gold in the parts of computer, in the motherboard. Maybe that computer is very expensive for there is gold.

I got it wrong. Moderators please delete this thread.

[rawr1620]

Devs run the block chain technology but that is the technicality. Gold is used in electronics but still Gold dont run the tech used in it.

[jbruce82366]

bitcoin with blockchain system or gold with blockchain system. both will compete today and in the future.

[stompix]

Woah is this really true that gadgets like smarthphones, laptops and any other devices has its gold on it? Well if this maybe the case it is not only gold that will run blockchain technology because some parts of metals also being used to produced smartphones.

Smartphones don't run the blockchain...
Trying to run a full node on a smartphone is as useless as mining with a phone.

As for the first question, there is only a tiny amount, worth a few $.
If for those that plan on getting rich from it, just think, if the chip would require 200$ worth in gold, don't you think its going to cost at least 250$?
Same with the old computer chips, they were expensive as hell, a pentium pro started with the price of 3000$.

[zxl912157]

It is true that there are in the elctronic device there is certainly a gold content, such as Radio, Television and Smartphones, more precisely on the Motherboard.

But all of that needs a process to separate between gold and copper content, which requires certain chemical liquids and that is quite expensive than the gold that is on the motherboard, except that you have more than 100 pieces.

[vonnyaries]

so what is your pooint? what is makes the gold runs blockchain technology by your research? i dont get it, as i know that gold is have a phyisc and bitcoin doesn't have, from the supply in the world, bitcoin have less than amount than gold, that is makes bitcoin is more expesive than bitcoin.

[SaraMartin1212]

I think it will never happen, unlike bitcoins or any cryptos. Gold is a certain material of a certain shape, which is possessed by humans when exchanged, the buyer will know the exact information of the seller. Although gold and blockchain technology may be identical, their nature is completely different

[binghope]

Gold is a physical asset, how can I run on blockchain technology, I can not imagine how to do this, perhaps they will never apply to blockchain technology.