Replies to post #72088 on Asia Broadband Inc (AABB)

[condor1]

Penny Pirate, if you think about it, AABB cannot afford to get in the business of Bitcoin and Ethereum. Why would I say that, you think?
Because the value of bitcoin is $40,000, and Ethereum is $3000 per coin. If AABB has $30,000,000 in reserve as collateral, the AABBX would/ could easily get exhausted in collateral if AABBX got popular.
And if the AABBG has sold 500,000 tokens/coins, x $6.29 backed by reserve gold, that is $3,000,000 just there.
If someone came along with 100 bitcoin and put them in the AABBX, that is $4,000,000 just there. And what if Bitcoin runs up? The gold reserve must be used as collateral for everything.
Am I wrong?
So, until there is a larger gold reserve, AABB must provide services for the less valuable coins.
And then there was Tequila.

[alidare]

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