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Why does it matter if it's the same gold? Say a 100 people each own a 100 gold pieces. And they all buy and sell 100 gold pieces worth of goods and services p
by JamesBarney 7y ago
Why does it matter if it's the same gold?
Say a 100 people each own a 100 gold pieces. And they all buy and sell 100 gold pieces worth of goods and services per day.(10,000 gold pieces are traded) Why would it
matter if this is physically the same gold coin traded 10,000 times or 10,000 gold coins being traded once?
- rwmj 7y agoBecause the WSJ article specifically talks about the number of bitcoins traded as a percentage of the whole number of coins mined. This is why I keep asking for this percentage for other assets like gold and stocks.