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I'm confused as to how an anonymous blockchain is useful for this, unless I can buy gold from Anthem Vaults with the cryptocurrency. To implement that without f
by bcg1 11y ago
I'm confused as to how an anonymous blockchain is useful for this, unless I can buy gold from Anthem Vaults with the cryptocurrency. To implement that without fractional reserve would mean that someone has to pay for the storage of all that gold, so I would want to know how those costs are built into the system (if at all).
GoldMoney solves that problem by charging a storage fee... not sure how you would do that with a cryptocurrency except by devaluing each unit of the currency.
Too many questions for me, quite possibly a scam or at least a bad idea with the potential to become one. Gold is not really great for transactions in 2015 anyhow, but if you really wanted that capability a company like GoldMoney seems much more on the up and up.