Do you think Gold and Bitcoin belong together?
Do you think gold and Bitcoin could ever come together to create a hard currency?
I am curious because the same people talking about gold and silver for the last 5 years are now pumping crypto currencies.
It seems like the obvious conclusion is both are awesome forms of money but may need to find away to merge the two.
I would register portions of gold or silver on a Blockchain and from there it could become a social platform of registering portions of gold or silver with verification of authenticity. Obviously we will have to discover the real value of gold.
If you want to know What the price of gold should be just look at the price of Bitcoin. If you look at what silver should be look at litecoin!
Let’s be rational here Cryptocurrency prices are way less manipulated than gold and silver prices. There are 1300 cryptos and only a handful of metals traded. It’s just a matter of time before the government loses control of the value of commodity markets and the markets decide the prices like crypto markets do.
Until I can hold a piece of gold or silver truly worth it’s weight in Bitcoin the markets are not finished deciding the true value of that commodity.
What do you think about this idea. Do you agree or disagree? I would like to know what you think!
You have to make the coin very flat and laser cut the blockchain id into it do it and seal it somehow. Then sell the physical gold as a token and those tokens can have physical and virtual ownership on the blockchain. Until you register all the gold on the market on the blockchain. The physical owner can sell the virtual token to a buyer and to receive payment a smart contract will be created and the token will be in escrow till the physical token is received by the buyer or centralized escrow facility who will verify receipt to blockchain.