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Author Topic: Numbers for a BTC gold standard  (Read 961 times)
conspirosphere.tk
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February 14, 2012, 03:31:51 PM
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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

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cypherdoc
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February 14, 2012, 03:35:14 PM
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$1724/oz x 252 oz gold/BTC = $438,984/BTC  Cheesy
RaggedMonk
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February 14, 2012, 07:20:20 PM
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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
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February 14, 2012, 07:36:11 PM
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Mm. No. But I may accept your gold for my BTC.
See the difference?

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February 14, 2012, 07:44:05 PM
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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
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