I love the idea of crypto coins making payouts. This is one reason I hold Digix, which will pay rewards for active voters. In fact, they paid out ETC from the hard fork to holders this past month, and that has gone very well.
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Digix reminds me too much of E-gold.
How so?
The team is first rate, they have 465k ETH from the crowdsale that hasn't been accessed yet, and they're about to release a stable coin that will give traders an alternative to tether.
Where is the gold? Is it in a central location? Can a government confiscate the gold? Can the vault be robbed physically?
Those are great questions. The gold is held in a vault in Singapore, which is audited regularly be a third party. It is also insured.
Singapore has been incredibly forward leaning in cryptocurrency and will be a friendly jurisdiction for Digix (and others) to operate in. Their crime rate is also very low.