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General Discussion / Re: Back the BTSX with physical gold
« on: September 28, 2014, 07:49:46 pm »The way that I see the crypto economy is that every liquid asset is backed by a number of things. Encryption, scarcity, electricity, people, networks and utility.
Gold certainly is secured. It is secured by nations, banks, governments, people and the vast utility. It has been the standard for centuries and we are not about to abandon it. Gold is well known to traditional investors and holds stability and trust.
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Tell me more about that decentralised way to exchange and store value. Sorry but bitcoin isn't the answer!
No, its not reactionary, its investor logic to want security.
Security. Yes. Your concern is very valid.
You may like to check this thread out - https://bitsharestalk.org/index.php?topic=13.15