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TylerE
on Nov 27, 2013
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A Prediction: Bitcoin Is Doomed to Fail
$150 billion a year is nothing?
mortehu
on Nov 27, 2013
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[–]
I think you mean $15 billion?
http://www.wolframalpha.com/input/?i=400+tons+of+gold+in+dol...
TylerE
on Nov 27, 2013
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The 150B figure is including jewlery/decorative use, for a total of 4k+ tons/year.
chongli
on Nov 27, 2013
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That price is due to the rarity of gold. If it were as common as copper, 400 tons would be worth a lot less than $150 billion a year.
TylerE
on Nov 27, 2013
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parent
[–]
What's your point? Sounds to me like you're trying to win the debate by inventing your own set of "facts"
chongli
on Nov 27, 2013
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root
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parent
[–]
The original point of discussion was the quantity, not the price.
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