Happy Bitgold Day!







Happy Bitgold Day!

Nov 28,2013

Today marks the greatest technological evolution of wealth in thousands of years:



Today one Bitcoin will likely surpass the US dollar value of one Troy Ounce of Gold today replacing a 2,000 yr old ancient measure of wealth with a modern one founded on the technology of the internet age.



It's as large a technological transition as the first printed coin.

The technological significance of this moment is as meaningful as the first telegraph, the first telelphone, the first email, the first world wide web page.

All those technologies freed people from the physical and political boundaries of communication and led to the information explosion and living standards and modern convenience we are all accustom to today.

So to will the digital BitCoin currency & wealth repositary and transaction system free the future from many of the physical and political transactional barriers of today and throughly modernize world wide commerce for the individual.

While a hugely significant milestone, this likely marks merely a point in the transition path of the world to a truly modern digital transactional wealth system.

Currently approximately 6,141,197,000 ounces of mined gold exist ( more everyday) at $1,200/ounce = $7,369,436,400,000 meaning the world values it as a crude ancient wealth repository and exchange system at 7 Trillion dollars.

Approximately 12 million Bitcoins exist today (up to 21 million max in the next 100 years) which at the same wealth adoption capitalization equates to approximately $600,000/bitcoin. With Bitcoin's superiority over Gold in transactions, remote access and transportability, convenience, and avoidance of seizure Bitcoin will surely exceed gold's wealth adoption capitalization in the future.

Happy Bitgold Day!

(pricing sources: the 2013 Nov 28 24 hr downward trend of http://www.kitco.com/charts/livegold.html spot gold to $1238 and the upward trend of http://bitcoincharts.com/markets/mtgoxUSD.html of the same period to $ 1140 soon to meet in the middle at around $1200. )