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gardengrower (25)in #gold • 7 years ago
RE: How A Gold Backed Blockchain Could Work As Money
The answer seems to be gold pegged cryptocurrency. Nubits have kept their peg for a long time now even though a while back it dipped it has recovered. Wish they would peg gold as…
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gardengrower (25)in #money • 7 years ago
RE: ZenGold to do an initial coin offering (ICO) on May 26 for new gold backed cryptocurrency
A gold backed cryptocurrency is ridiculous we need a gold pegged cryptocurrency. what if they take the gold and run? Your tokens worthless. Not decentralized.
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gardengrower (25)in #gold • 7 years ago
RE: GoldCash
Thank you for your reply, I'm new here too and yours is my first on steemit. I'll look at that site. So they hold the gold for you but they basically are a bank for gold if I understood.
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