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I've been mulling this over but why don't people who want some consistent value go with the gold-backed coins? Couldn't tell you which is the best option, but e
by hardwaresofton 6y ago
I've been mulling this over but why don't people who want some consistent value go with the gold-backed coins? Couldn't tell you which is the best option, but either people convert or Sci-hub could do the exchange instantly or at EoW every week or whatever to get away from the volatility but keep the improved payment.
Financial markets are very volatile right now, but Gold is just about the best store of value you can have
- lifty 6y agoGold backed coins, like PAX, are very easy to censor. While all the coin ownership information sits on the blockchain ledger, the gold sits somewhere in a vault and the custodian company has the capability to blacklist coins. Virtually all gold backed coins have this issues. You need a native digital token to have better censorship resistance.
- hardwaresofton 6y agoAhh thanks -- I didn't think of the censorship angle, that's a showstopper for sure