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.