Author

Topic: Numbers for a BTC gold standard (Read 1130 times)

member
Activity: 70
Merit: 10
February 14, 2012, 03:44:05 PM
#5
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
legendary
Activity: 2352
Merit: 1064
Bitcoin is antisemitic
February 14, 2012, 03:36:11 PM
#4
Mm. No. But I may accept your gold for my BTC.
See the difference?
sr. member
Activity: 308
Merit: 250
February 14, 2012, 03:20:20 PM
#3
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!
legendary
Activity: 1764
Merit: 1002
February 14, 2012, 11:35:14 AM
#2
$1724/oz x 252 oz gold/BTC = $438,984/BTC  Cheesy
legendary
Activity: 2352
Merit: 1064
Bitcoin is antisemitic
February 14, 2012, 11:31:51 AM
#1
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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