Re:Bitcoin's First $1k Weekend Since 2017 Marks Nine-Month High
by gruez on Sunday May 12, 2019 @11:36AM
(#19892520)
It's different because the block reward is very biased at the beginning. By 2016-07-09, 75% of ALL bitcoin that will ever exist has already been mined. I doubt that's the same for gold reserves on earth. Furthermore, mining serves a dual purpose of also securing transactions, so for a fair comparison, you'd also need to factor in the costs of securing gold for storage/transport.
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