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Message Subject Goldtard/Cryptotards we Ride
Poster Handle Anonymous Coward
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Is this a gold backed digital currency?

I could her behind that. Assuming no fraud, it would never go to zero and would run at a high premium to gold .
 Quoting: samanthasunflower


Gold, silver, copper, platinum, any precious metal but history has shown that silver and gold are the best monetary metals.

Venezuela is trying an oil backed crypto but I find that difficult to understand how it works because oil is ultimately burned money is a medium of exchange and store of value, if something is consumed how can it be a store of value?
 
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