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Re: A deleted message

Sunday, 05/09/2021 10:18:29 AM

Sunday, May 09, 2021 10:18:29 AM

Post# of 109834
Having gold inside a crypto token is the most decentralized idea of value in access to the modernized world. Access in the form of a computer. It is anti central bank as it does NOT retain its value from fiat. It’s like bartering a shotgun for a ten oz bar of silver. No middle man. Doesn’t convert from fiat to item being sold. BTC valued in fiat and converted for fiat puts it in the system, via you have to pay tax to the government for converting from btc to usd. Paper trail. It’s like bartering 2 oz of silver for 1 gram of gold using the metrics of the gold silver ratio. If everybody on the planet believes Bitcoin is worth X amount of dollars. It’s worth X amount of dollars from sentiment, not intrinsic value.
If I was a central banker I do everything in my power to prevent gold backed crypto currency from taking off.