Gold could become cheap fast, LOL | Bitcointalksearch.org

mp420

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Quote from: notme on February 20, 2013, 08:24:17 AM

Quote from: b!z on February 20, 2013, 08:21:30 AM

Gold is ugly and useless, nobody needs it.

Gold is the second best conductor. The first best is silver, but it tarnishes too quickly. If you like electronics, you need gold.

Well, usually copper is plenty good enough. Gold is used in plating connectors because of its unique ductility and malleability and chemical inertness, but as a conductor, not really.

notme

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Quote from: b!z on February 20, 2013, 08:21:30 AM

Gold is ugly and useless, nobody needs it.

Gold is the second best conductor. The first best is silver, but it tarnishes too quickly. If you like electronics, you need gold.

b!z

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Gold is ugly and useless, nobody needs it.

Ente

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Quote from: ciphermonk on February 18, 2013, 04:37:29 AM

Precious metals might be scarce on earth, but they are not scarce in space.

If we start mining asteroids, have fun watching the precious metal prices crash!

Quote

With the known abundance's of metals in meteorites, even a very cautious estimate suggests 20,000 million tonnes of aluminium along with similar amounts of gold, platinum and other rarer metals.

http://news.bbc.co.uk/2/hi/science/nature/401227.stm

Quote

A total of 171,300 tonnes of gold have been mined in human history

https://en.wikipedia.org/wiki/Gold

In case you didn't read that correctly, thats 20'000'000'000 tonnes in 1 asteroid versus 171'300 tonnes every mined in human history.

All of a sudden, Bitcoins start to make a lot of sense

..and just like ASICs:
I will start to believe once I see it :-)

Ente

ciphermonk

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Precious metals might be scarce on earth, but they are not scarce in space.

If we start mining asteroids, have fun watching the precious metal prices crash!

Quote

With the known abundance's of metals in meteorites, even a very cautious estimate suggests 20,000 million tonnes of aluminium along with similar amounts of gold, platinum and other rarer metals.

http://news.bbc.co.uk/2/hi/science/nature/401227.stm

Quote

A total of 171,300 tonnes of gold have been mined in human history

https://en.wikipedia.org/wiki/Gold

In case you didn't read that correctly, thats 20'000'000'000 tonnes in 1 asteroid versus 171'300 tonnes every mined in human history.

All of a sudden, Bitcoins start to make a lot of sense

benjamindees

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Quote from: Ente on February 17, 2013, 08:43:45 AM

Uhuh..
Where can I sign up for some tons of this useless, toxic goldchloride?

A small investment in Bitcoin Island can secure reliable access to a steady supply of gold chloride Wink

Piper67

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Quote from: Ente on February 17, 2013, 08:43:45 AM

Quote

producing real gold nuggets simply by exposing it to copious amounts of gold chloride, a toxic liquid substance with no actual value but which is found naturally in the environment.

Uhuh..
Where can I sign up for some tons of this useless, toxic goldchloride?
"lol" indeed!

Ente

Hey, if shitting gold were easy we'd all be doing it.

Ente

legendary

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Quote

producing real gold nuggets simply by exposing it to copious amounts of gold chloride, a toxic liquid substance with no actual value but which is found naturally in the environment.

Uhuh..
Where can I sign up for some tons of this useless, toxic goldchloride?
"lol" indeed!

Ente

Spaceman_Spiff

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₪``Campaign Manager´´₪

I am just surprised nobody came up with nuclear transmutation-created gold in this thread yet Roll Eyes

.

Chalkbot

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Yeah, I saw this earlier but concluded that it's probably easier to mine more gold than it is to maintain an ecosystem of this bacteria in gold ion infused water for 2+ years and then go collect the tiny particles they've put together, so.... no effect on price.

twolifeinexile

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