Re:What Bitcoin Is Teaching Us
by gtt on Wednesday April 10, 2013 @12:04PM
(#5525965)
12% of what? The gold has a limited supply as with bitcoins but it needed by industry. You may not be able sell your gold in 2040 for the same price in us dollars as you bought it today but it will be demand as industry hopefully will continue to exist.
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Re:What Bitcoin Is Teaching Us
by nwzpaperman on Wednesday April 10, 2013 @12:12PM
(#5526032)
Annual industrial demand makes up only 12% of the annual gold production-consumption. I provided a source for the stat above.