Post
Topic
Board Bitcoin Discussion
Re: is bitcoin x200 rarer than gold?
by
stompix
on 19/10/2018, 15:17:01 UTC
"The World Gold Council estimates that all the gold ever mined totaled 187,200 metric tons in 2017" so this means there is a total equivalent in ounces of 187200000/0.02835 = 6,603,174,603 ever mined at this point in earth.

So with a total of 21,000,000 that would be ever created this means a total of 6,603,174,603/21000000 = 314 bitcoin ratio against gold, so you can say per one bitcoin there is 314 gold ounces  Grin

What is faster? Water or a kangaroo?

What did you compare here, ounces of gold? Why ounces? Only 6% of the world uses those units.
Let's use grams, it's even rarer, 8 thousand times.
But why not use tones, wait gold is rarer.
Or let's compare kilograms of gold to satoshis, or quintals of gold to mbits, or let's not waster times with stupid things!