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.
Topic: Gold runs blockchain technology - page 3. (Read 428 times)
Interesting observations!! LOL
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 at $1300/ounce and 1 Bitcoin is $6,200
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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