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Goldtard/Cryptotards we Ride
Ms Sans Serif
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[quote:Anonymous Coward 30194358:MV8zNzQ1ODM1XzY3MDYzODE0X0ZCOERBOTYw] [quote:Anonymous Coward 76141619:MV8zNzQ1ODM1XzY3MDYzNzY3XzI2OTkyOTIw] "The physical gold will be stored by the Royal Mint of Canada." ...one of the main properties of cryptocurrencies is decentralization. Meaning, that the goal is to eliminate single points of failure. Think of e-gold a few years ago, when the feds raided them and took their gold. A crypto backed by gold has to have some point where the gold is stored. In this case it is the Royal Mint of Canada. Which, is, in itself, a centralized point of failure. In other words, this "crypto" does not have the resilience of a decentralized cryptocurrency because at any point of time the mint, or the canadian govt, can say "no we won't give you the gold for x,y,z arbitrary reasons". And then the scheme fails. You can't trust banks or the government. It's that simple. [/quote] That's purely an anarchistic way to look at it. IMO we have to trust governments at some point, but we need to pull the parasite out of the body politic, i.e. banks. I'd recommend these 2 articles for a primer: http://professorfekete.com/articles%5CAEFTimingHyperinflation.pdf http://professorfekete.com/articles%5CAEFGoldBillsDoctrine.pdf [/quote]
Check this out, I must admit I am a silvertard. I hold no crypto nor gold anymore.
Someone smarter then me can anaylize this, just thought I would bring it our publics attention.
link to www.sgtreport.com (secure)
Eric Sprott and Rick Rule are very smart gentlemen.
SO...carry on and analyze.
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