this post was submitted on 04 Sep 2024
132 points (94.6% liked)
Technology
59174 readers
4341 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Humanity was not responsible enough with bitcoin to learn how to turn electricity into actual gold. Some nerds going to start setting up Tesla coils in caves soon.
I mean... actual gold isn't crazy valuable these days, is it? It's used in quite a bit of electronics for its corrosion resistance and conductivity IIRC.
Gold prices have risen steadily for a long time, partly because of its use in electronics. Over $2500/ounce now. But another quirk of gold is the ease with which we can make very thin coatings of it over other materials, sometimes only a few atoms thick. So it is commonly used, but in very very small amounts per device.
If someone works out how to make gold cheap. Then the current value of all gold will collapse and there were be a huge supply of shit that's been covered in dust in a vault for 100 years.
Very true. Unfortunately, this process just pulls gold from dilute sources and gathers it into nuggets, from small ones to very very large. No gold is being made new though, that would be great.
There is a shit load of gold out their in minute concentrations