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It could be they're trying to solve the cryptocurrency criticism that cryptocurrencies have no intrinsic value. The criticism is along the lines that if confid
by bduerst 12y ago
It could be they're trying to solve the cryptocurrency criticism that cryptocurrencies have no intrinsic value.
The criticism is along the lines that if confidence were to drop in some currency like USD, you still have a huge military organization backing it up and claiming it as legal tender for taxes, which cryptocurrencies do not have.
On the spectrum of cryptocurrency critcisms, it's not really that valid because it involves valuation hypotheticals that quickly derive into slippery slope fallacies (e.g. WW3, etc.). With all the other cryptocurrency based scams out there, this is probably a new scam targeting a very specific demographic that has a gold-fetish.