A gold-backed cryptocurrency will only be successful if it can build trust with users, who will need to believe they can store value safely. To build this level of trust, operators need to be transparent with their underlying gold holdings and conclusively prove these holdings are relative to the coins they’ve issued.
that is very wise comment @bimboola42
I agree. it may take some time to build this kind of trust
yours, Piotr
Yes. Thanks for the compliment.
You're right.
This would be a cryptocurrency that would likely need to be audited.
Yes