Maybe we should contact zerohedge about bitgold?
http://www.zerohedge.com/news/2016-02-03/guest-post-how-blockchain-and-gold-can-work-together
Quote from: mf-tzo on February 04, 2016, 10:50:18 AM
Maybe we should contact zerohedge about bitgold?
http://www.zerohedge.com/news/2016-02-03/guest-post-how-blockchain-and-gold-can-work-together
The irony is that gold is supposed to be a real asset, BitUSD is just a derivative
Gold bugs often blame the financial crisis on derivatives.
Quote from: JonnyBitcoin on February 04, 2016, 11:13:26 AM
Quote from: mf-tzo on February 04, 2016, 10:50:18 AM
Maybe we should contact zerohedge about bitgold?
http://www.zerohedge.com/news/2016-02-03/guest-post-how-blockchain-and-gold-can-work-together
The irony is that gold is supposed to be a real asset, BitUSD is just a derivative
Gold bugs often blame the financial crisis on derivatives.
They should appreciate the transparent collateral requirements though.
Quote from: JonnyBitcoin on February 04, 2016, 11:13:26 AM
Quote from: mf-tzo on February 04, 2016, 10:50:18 AM
Maybe we should contact zerohedge about bitgold?
http://www.zerohedge.com/news/2016-02-03/guest-post-how-blockchain-and-gold-can-work-together
The irony is that gold is supposed to be a real asset, BitUSD is just a derivative
Gold bugs often blame the financial crisis on derivatives.
Derivatives have a bad name. But the difference is if the collateral is good then the derivative is good. We claim we have something like 300% reserve. Deutsche bank for example are about to go bust and they have huge derivative exposure with bugger all collateral backing it up.
Like JonnyBitcoin said, the problem with our bitBTC and bitGOLD is that all they are is derivatives based on a yahoo finance price feed. That's why I like his bitcoin sidechain idea
real gold backed tokens are currently being realized by digix (http://favs.pw/digix-launched-on-ethereum/)
Quote from: JonnyBitcoin on February 04, 2016, 11:13:26 AM
Quote from: mf-tzo on February 04, 2016, 10:50:18 AM
Maybe we should contact zerohedge about bitgold?
http://www.zerohedge.com/news/2016-02-03/guest-post-how-blockchain-and-gold-can-work-together
The irony is that gold is supposed to be a real asset, BitUSD is just a derivative
Gold bugs often blame the financial crisis on derivatives.
While this is true, a gold/silver gateway that accepts BitGold or BitSilver for real assets would solve this problem.
https://mises.org/library/how-blockchain-and-gold-can-work-together
Quote from: CLains on February 04, 2016, 11:28:24 AM
Quote from: JonnyBitcoin on February 04, 2016, 11:13:26 AM
Quote from: mf-tzo on February 04, 2016, 10:50:18 AM
Maybe we should contact zerohedge about bitgold?
http://www.zerohedge.com/news/2016-02-03/guest-post-how-blockchain-and-gold-can-work-together
The irony is that gold is supposed to be a real asset, BitUSD is just a derivative
Gold bugs often blame the financial crisis on derivatives.
They should appreciate the transparent collateral requirements though.
bingo. the question really is how to get one of the hard money talking heads bringing this up in a good way to sell it...using our tech. should be a walk in the park!
we just all target a couple of the more open minded hard money thought leaders and send them little bits of bitgold on social media or via email along with messages asking them to check it out. ;)