{"id":420683,"date":"2018-01-11T14:00:16","date_gmt":"2018-01-11T19:00:16","guid":{"rendered":"https:\/\/goldtadise.com\/?p=420683"},"modified":"2018-01-11T14:01:16","modified_gmt":"2018-01-11T19:01:16","slug":"bitcoin-vs-gold-revisited","status":"publish","type":"post","link":"https:\/\/goldtadise.com\/?p=420683","title":{"rendered":"Bitcoin vs Gold revisited."},"content":{"rendered":"

I just read the Bitcoin vs Gold thread from December 2017 at
\nhttps:\/\/goldtadise.com\/?p=418539<\/a>.<\/p>\n

that is linked on the right hand side of the screen. I can’t leave a comment on that actual post now. It means that I should have been reading this forum last December, I know – what was I doing instead?<\/p>\n

Economies of scale, yes, that surely applies for 1\/10 oz vs 1oz gold coins – it takes more or less 10x as much work to make ten 1\/10 oz coins as to make one 1 ounce coin. That makes sense. So the premium is higher on the 1\/10 oz coins. Like a huge pack of cereal costs less per gram than a tiny pack of cereal.<\/p>\n

Commenter Red Label said: “Ask yourself why Crypto\u2019s don\u2019t play by market rules that have existed since the dawn of time?”<\/p>\n

That’s an interesting question and needs to be looked into more deeply.<\/p>\n

On the other hand, perhaps it is just because they are computer generated.<\/p>\n

I’m guessing that, since the crypto miners are apparently getting consolidated, there are probably \u00a0economies of scale with regard to “mining” cryptos and the little guy is going to get priced out.<\/p>\n

In terms of economies of scale and computers, it doesn’t really take more effort to write lets say 1000 letters using Mail Merge as it does to send out 10 letters, once you have your database of recipients.<\/p>\n

In the physical world, printing out and stuffing the envelopes takes ages. I know, I have done this sort of thing for a property buyer. The postage stamps also cost a lot of money for the mail.<\/p>\n

However, to send a spam email to 1000 people takes no more effort than to send on to 10 people and it does not really cost any more money. You just paste a huge list into the “To:” box on the email, hit send and it’s done. Actually, although you have massive economy of scale there, once you have the internet connection the cost to send the email is virtually zero – and 1000 times zero is still zero.<\/p>\n

It’s a fascinating topic. Pity it is not a longer thread.<\/p>\n","protected":false},"excerpt":{"rendered":"

I just read the Bitcoin vs Gold thread from December 2017 at https:\/\/goldtadise.com\/?p=418539. that is linked on the right hand side of the screen. I can’t leave a comment on that actual post now. It means that I should have … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":2414,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-420683","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/goldtadise.com\/index.php?rest_route=\/wp\/v2\/posts\/420683","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goldtadise.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goldtadise.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goldtadise.com\/index.php?rest_route=\/wp\/v2\/users\/2414"}],"replies":[{"embeddable":true,"href":"https:\/\/goldtadise.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=420683"}],"version-history":[{"count":0,"href":"https:\/\/goldtadise.com\/index.php?rest_route=\/wp\/v2\/posts\/420683\/revisions"}],"wp:attachment":[{"href":"https:\/\/goldtadise.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=420683"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goldtadise.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=420683"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goldtadise.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=420683"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}