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24 points
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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.

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8 points

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.

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18 points

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.

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2 points

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.

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2 points

Most of the gold’s price comes from it being used in jewelry and as an investment. Less than 7% of gold is used by the tech industry

https://www.statista.com/statistics/299609/gold-demand-by-industry-sector-share/

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4 points

TIL. Electroplating is cool stuff

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