yeah supposedly 'gold backed' but some things that worry me:
-originators retain majority tokens/coins that are released to market as demand increases. will this just be a massive profit opportunity for the guys holding the coins?
-despite claiming to be backed by gold, the metal is only purchased over time with proceeds from transaction fees. if this were a serious government effort, it'd be best to start the pot with $10M or something worth of gold in a vault, then implement the transaction fee rolling scheme.