But wouldn't a gold backed coin be the same as a gold etf? There are physical etfs out there already.
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But wouldn't a gold backed coin be the same as a gold etf? There are physical etfs out there already.
In a way I would agree. But gold EFT's are not "common place" in a BTC style.
A gold backed crypto would be stable, reliable. ie a good basis for trade for goods. Not so great for currency speculation - which is a good thing IMHO