Topic: There are more gold than Bitcoin - page 3. (Read 762 times)

This is cool information, but you aren't using it well. In theory yes, gold might be "infinite" in the universe, but can we have access to it? The answer is no. At least not right now, and with the knowledge we have about science and the Universe. So in a practical sense, gold continues to be scarce, and it's price is not affected by the info you just provided. If we were to find a huge supply of gold in an place that is accessible to us, then yes, it's price would drop.

Well, in theory if there is unlimited space then there should be unlimited diamond, silver, or whatever mineral/metal too. But does it matter? The article states The information on your post states that:


"The gold created by the blast is estimated to weigh more than the whole of the Earth’s mass." Yea, lots of gold indeed! But does it matter? It's pretty much out of our reach anyway. It's not like NASA's going to send a space ship or whatever that will collect those gold and over-saturate the gold market here on earth.

Cool fact though, but I don't think this is going to significantly affect bitcoin and gold markets.

That's sure an important discovery recently found out by scientiest,
but if you just use a bit of your logic
seeing that some scientists recently found out a planet that its major material consist of diamond, there must be a planet that consist of gold aswell.
So basically, the amount of gold near to infinite. we could know even before this discovery.

This is about actual gold.

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The question isn't about whether this gold is available, it's about whether its value is high enough to warrant people finding the gold.  When people give gold a higher value, more gold is mined, so the price regulates itself to some extent.

Even though this gold exists, it doesn't remove the legitimacy of gold's scarcity because it's not practical for humans to go there.  It seems unlikely that it'll ever be practical for humans to go a large number of light years away.

For at least our lifetimes, gold will be continue to be scarce.  Most likely much, much longer.

Still trying to figure out your post. You mean the bitcoin gold doesn't have 21M supply? or am I read incorrectly?

Scientists yesterday 17/10/2017 discovered a vast supply of gold on the far side of the universe.
The extraordinary hoard is the result of a huge collision between two ultra-dense neutron stars.
The resulting gravitational waves and radiation flash were picked up by powerful detectors and telescopes on Earth and in orbit.
The explosion happened 130 million years ago in the Hydra constellation, which is so far away that the light and the ripples in space and time have only just reached us.
The gold created by the blast is estimated to weigh more than the whole of the Earth’s mass. Huge quantities of platinum, uranium and other heavy elements such as lead were also created.
Scientists not only 'heard' the phenomenon by measuring vibrations in space-time, they also used satellite and ground-based telescopes to see light and radiation pouring out of the stellar fireball, dubbed a 'kilonova'.
Excited astronomers talked of opening a 'new chapter in astrophysics' and unlocking a 'treasure trove' of new science.
The discovery will help scientists better understand the inner workings and emissions of neutron stars, as well as more fundamental physics such as general relativity and the expansion of our universe.
One scientists suggests the event 'will be remembered as one of the most studied astrophysical events in history.'

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21,000,000 Vs infinite amount of gold. find more than 21M Bitcoins.
I copied this from dailymail Uk. Bitcoin @$10,000 first month of 2018.