Digix Dao fundamental weaklink

in #crypto6 years ago (edited)

One coin that intrigues me for a while was the Digix Dao coin that claim to be back by gold
using the ERC20 ENVIRONMENT.
( FOR THOSE WHO DONT KNOW WHAT ERC20 MEANS IS BASICALLY THE COINS CREATED IN )
(THE ETHEREUM BLOCKCHAIN THAT ALLOW TO CREATE PROJECTS USING ETHEREUM CODE )

Now dont get me wrong I love the concept behind it as Vitalik say the best way to achive mass adoptions is by linking real asset to tokens and what better assets than GOLD, RIGHT.

So let get to the point should be that is why i like my post to be short and concise,my doubd is if the Coin Digix Dao is suppose to represent Gold but the price follow Bitcoin when is should be
following more closely GOLD to fill is intended pourpose, there for is better to hold the realmetal to get the benefits of Gold and invet in other coins to follow the benefits of Bitcoin.

2017-04-26-19_41_27-DigixDAO-_-Digix-Global.png

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