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A comment on BadEconomics: Putting $400M of Bitcoin on your company balance sheet. Parent comment

Re:BadEconomics: Putting $400M of Bitcoin on your company ba... by xapata on Monday January 04, 2021 @03:40PM (#25637558)
> Yes but the amount of amber, gold, silver, etc. on Earth is a known unknown. There are presumably deposits of gold that we don't yet know about.

There's a difference between known unknown with high variance and known unknown with low variance. As I understand it, astrophysicists have a non-controversial model for how much gold is present on earth. Geologists probably have a reasonable model for how much gold is easily accessible.

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Re:BadEconomics: Putting $400M of Bitcoin on your company ba... by saalweachter on Tuesday January 05, 2021 @12:40PM (#25648240)
The last time I looked into this, the mined gold supply seemed to be increasing at a fairly steady 2% per year, over the last N decades I was able to find good data for.
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Re:BadEconomics: Putting $400M of Bitcoin on your company ba... by xapata on Wednesday January 06, 2021 @11:05AM (#25658896)
That may have more to do with the pace of mining investment than the total amount of gold, which won't change (until the next meteor impact).
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