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If the fiat conversion endpoints are subject to the same regulatory KYC and AML regime then it is no different from the US dollar

• kangaroozach 3y ago
  Still different because it wouldn’t be fiat. There is no ability to print more gold.
  • KRAKRISMOTT 3y ago
    The Bretton Woods are calling and want their policies back.
  • johngladtj 3y ago
    They control the redemption process, hence can devalue it any time they want
    • Blammar 3y ago
      Bingo!
    • ur-whale 3y ago
      > They control the redemption process, Not if the redemption process is inscribed in the constitution, in which case, "controlling" it is subject to quite a number of hurdles.
• ur-whale 3y ago
  > then it is no different from the US dollar Yeah? Can you decide to create more gold out of thin air on a Monday morning like Washington has been doing for the past 100 years with the USD?