Topic: [Proof] Bitcoin is 500 million trillion times more valuable than gold (Read 1593 times)
Another fun fact: one million trillion = one quintillion.
June 08, 2011, 11:37:31 PM
OMG, it's even more expensive than antimatter! 
June 07, 2011, 06:53:25 AM
Thank you for posting this, I enjoy little mental games like these. It doesn't matter if there is no direct applicable use, just for 'fun' is enough of a reason 
June 07, 2011, 03:05:48 AM
lol win. That must mean my abstract skills, which have no mass, are infinitely more valuable than gold 
Better put that on my business cards.
Better put that on my business cards. 
June 07, 2011, 03:01:03 AM
Evaluating the smallest possible block in the block chain, I looked at Block #1, which is 215 bytes, and is 50 BTC.
Using calculations from 2007 Discover Magazine, we can compute that the weight of the 215 bytes is about 1E-21 ounces.
At current exchange rates, this 50 BTC is worth approximately 1E+3 dollars (a little less than a thousand bucks). This means that Bitcoins are worth roughly 1E+24 dollars per ounce.
Gold is under $2000 per ounce (2E+3), so Bitcoins are 5E+20 times more valuable than gold.
That's 500 * 1E+6 * 1E+12, or
500 million trillion times more valuable than gold.
Meaningless calculations, I know. But kind of funny. Maybe?
Using calculations from 2007 Discover Magazine, we can compute that the weight of the 215 bytes is about 1E-21 ounces.
At current exchange rates, this 50 BTC is worth approximately 1E+3 dollars (a little less than a thousand bucks). This means that Bitcoins are worth roughly 1E+24 dollars per ounce.
Gold is under $2000 per ounce (2E+3), so Bitcoins are 5E+20 times more valuable than gold.
That's 500 * 1E+6 * 1E+12, or
500 million trillion times more valuable than gold.
Meaningless calculations, I know. But kind of funny. Maybe?
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