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RE: Did Bitshares Just Help Create "Perfect Money"????
Following closely along. This does indeed look big, and if @stan is excited, I'm doubly excited!
Following closely along. This does indeed look big, and if @stan is excited, I'm doubly excited!
Best part of this is the plan can definitely work out. The gold ETF (GLD) is a similar idea but in the stock market. Great to see it in the blockchain!
The gold ETF is not backed by physical gold one to one. You own a share of GLD does not mean you own any gold at all. It's being manipulated.
And BitGOLD is fully backed 1:1, and with ZERO counterparty risk!
My bad. Apparently Van Eck's OUNZ allows retail investors to convert to physical gold while only "authorized participants" (not us) are allowed to redeem GLD.
https://www.barrons.com/articles/a-gold-etf-that-lets-you-redeem-shares-for-gold-1468641673
If I get doubly excited does that make you quadrupally excited?
Another thing I noticed, he keeps mentioning the STEEM and BTS blockchains. I know they are both @dan but it is interesting considering that @dan and @ned have had their differences.
It seems that the emergence of EOS will help both blockchains....although @stan keeps mentioning BTS and EOS in some combination.