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Offline donkeypong

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When BitGOLD takes the world by storm...
« on: March 07, 2015, 04:06:32 AM »

...there won't be a need to sneak through foreign airports with $1.4 Million in gold bars and jewelry.

http://www.npr.org/blogs/thetwo-way/2015/03/06/391260459/north-korean-diplomat-stopped-in-bangladesh-with-1-4-million-in-gold

Offline LRENZ

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Re: When BitGOLD takes the world by storm...
« Reply #1 on: March 07, 2015, 04:18:37 AM »
Yeah there is always lots of gold smuggling going on but these people want the physical form, I don't think bitGOLD appeals to them much, rather I see bitGOLDs biggest potential with the average joes like myself that just want easy exposure to the price.
Revolution is inevitable.

Offline onceuponatime

Re: When BitGOLD takes the world by storm...
« Reply #2 on: March 07, 2015, 04:29:31 AM »
Yeah there is always lots of gold smuggling going on but these people want the physical form, I don't think bitGOLD appeals to them much, rather I see bitGOLDs biggest potential with the average joes like myself that just want easy exposure to the price.

You're forgetting about the bitSILVER and bitGOLD to gold and silver coin offramps that are being set up as we speak.

Offline LRENZ

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Re: When BitGOLD takes the world by storm...
« Reply #3 on: March 07, 2015, 05:03:29 AM »
Yeah there is always lots of gold smuggling going on but these people want the physical form, I don't think bitGOLD appeals to them much, rather I see bitGOLDs biggest potential with the average joes like myself that just want easy exposure to the price.

You're forgetting about the bitSILVER and bitGOLD to gold and silver coin offramps that are being set up as we speak.

I'm not, these places still need physical form though right? From that blog BM posted about it I got the impression one day you could go into a pawn shop for example and trade bitGOLD to real gold and vice versa, so say this pawn shop was in Bangladesh and they are short of physical form they might try smuggle it in. Maybe I'm just being dumb, its 5am :/
Revolution is inevitable.

Offline luckybit

Re: When BitGOLD takes the world by storm...
« Reply #4 on: March 07, 2015, 06:20:01 AM »
...there won't be a need to sneak through foreign airports with $1.4 Million in gold bars and jewelry.

http://www.npr.org/blogs/thetwo-way/2015/03/06/391260459/north-korean-diplomat-stopped-in-bangladesh-with-1-4-million-in-gold

Yeah but delegates can expect to have their phones tapped instead. I'm sure you heard what happened to Sony.
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Offline Gentso1

Re: When BitGOLD takes the world by storm...
« Reply #5 on: March 07, 2015, 01:22:08 PM »
Yeah there is always lots of gold smuggling going on but these people want the physical form, I don't think bitGOLD appeals to them much, rather I see bitGOLDs biggest potential with the average joes like myself that just want easy exposure to the price.

You're forgetting about the bitSILVER and bitGOLD to gold and silver coin offramps that are being set up as we speak.

I'm not, these places still need physical form though right? From that blog BM posted about it I got the impression one day you could go into a pawn shop for example and trade bitGOLD to real gold and vice versa, so say this pawn shop was in Bangladesh and they are short of physical form they might try smuggle it in. Maybe I'm just being dumb, its 5am :/

He is referring to http://cryptosmith.info/index.php which lets you take bitsilver and bitgold and redeem it for its physical counterpart.  Under construction

Offline lafona

Re: When BitGOLD takes the world by storm...
« Reply #6 on: March 07, 2015, 09:29:43 PM »
Yeah there is always lots of gold smuggling going on but these people want the physical form, I don't think bitGOLD appeals to them much, rather I see bitGOLDs biggest potential with the average joes like myself that just want easy exposure to the price.

You're forgetting about the bitSILVER and bitGOLD to gold and silver coin offramps that are being set up as we speak.

I'm not, these places still need physical form though right? From that blog BM posted about it I got the impression one day you could go into a pawn shop for example and trade bitGOLD to real gold and vice versa, so say this pawn shop was in Bangladesh and they are short of physical form they might try smuggle it in. Maybe I'm just being dumb, its 5am :/

He is referring to http://cryptosmith.info/index.php which lets you take bitsilver and bitgold and redeem it for its physical counterpart.  Under construction

Excited to see it is coming along. If combined with the in progress reddit tip bot, we might have something to market to the prepping community of reddit. A way to express appreciation in a currency they can appreciate.
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