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A comment on Ask HN: Will banks inflate Bitcoin just like they inflate fiat money?. Parent comment
When you sum up the amount of gold people "own", it is a number 10x higher than the amount of gold in existence.
The reason it is 10x and not 100x or 1000x is that Gold is not used as money.
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When you sum up the amount of gold people "own", it is a number 10x higher than the amount of gold in existence.
The reason it is 10x and not 100x or 1000x is that Gold is not used as money.