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I meant that we already have a lot of gold sitting in the vaults because it's more valuable this way. As a ledger, that is. Only a tiny portion is used for tech
by oleganza 14y ago
I meant that we already have a lot of gold sitting in the vaults because it's more valuable this way. As a ledger, that is. Only a tiny portion is used for technology and jewelry. In case Bitcoin makes gold too expensive to use as money before mining asteroids gets profitable, you would have plenty of gold for tech purposes already mined and available. If Bitcoin will be as good as some people think, no one will mine gold at all because there is enough of it in the vaults for many decades of use in production.