[Poll] REAL GOLD BLOCKCHAIN?

[Ben Mason]

This would be brilliant bunker. How could you ever prove reserves though? The trend over time would be towards fractional reserves / corruption.

Perhaps that is a reason why crypto could be considered superior to gold? During the transition, bitgold and bitsilver could play a huge role in bringing everyone in.

[BunkerChainLabs-DataSecurityNode]

The problem is that e-gold got run out of business and criminally charged for just such a service many years ago.

https://en.wikipedia.org/wiki/E-gold

Wow they were surrounded with all kinds of nastiness.

For the sake of the poll lets just assume that today we have the technology and the means to do this the right way.

Fantasy come true.. or nightmare incarnate?

[onceuponatime]

The problem is that e-gold got run out of business and criminally charged for just such a service many years ago.

[BunkerChainLabs-DataSecurityNode]

GOLD

Just a simple question. We all saw the DigiX crowdsale not to long ago. Their whole thing is about gold on the blockchain. Regardless of weather or not you agree with how they are executing that, assume for the sake of this poll that the way the gold was stored was transparent, secure, and provable.

This would mean instead of backing assets against a crypto-currency like BTS, there is a real potential to create assets backed by REAL Gold!

So I am just curious if the realism of all this strikes a cord with everyone, or if you all feel that speculative prices of crypto-currencies is part of your love of crypto.

Do you think something like this could potentially create a gold currency that more people would want to adopt beyond crypto? (for discussion)

To be clear, this is not about bitGOLD, this is about real gold being stored somewhere in a secure manner with a crypto-currency counterparty representing that exact gold on the blockchain is available to buy/sell/trade/collateralize tuck away in your pillow via paper wallet etc.

Also this poll has nothing to do with if this would be launched on Bitshares or not. Just interested in the core concept.


Ready? .. Go!!!!ld!