You can already open an account at the Texas Bullion Depository, buy gold online, and have it shipped there. You pay storage fees. The digital currency looks to me like a way to make these deposits more liquid, so you can spend your gold.
As long as it’s fully backed and redeemable, it seems good to me, but could also be a stepping stone to a surveillance digital currency. The devil is in the details. Will the digital currency be permissionless or private? Can addresses be sanctioned?
Also interesting- the branding of bitcoin as “digital gold” seems to pave the way for this currency
As long as it’s fully backed and redeemable, it seems good to me, but could also be a stepping stone to a surveillance digital currency. The devil is in the details. Will the digital currency be permissionless or private? Can addresses be sanctioned?
Yeah, this is the key for me, especially whether it can be withheld for having the wrong opinions.
You can already open an account at the Texas Bullion Depository, buy gold online, and have it shipped there. You pay storage fees. The digital currency looks to me like a way to make these deposits more liquid, so you can spend your gold.
As long as it’s fully backed and redeemable, it seems good to me, but could also be a stepping stone to a surveillance digital currency. The devil is in the details. Will the digital currency be permissionless or private? Can addresses be sanctioned?
Also interesting- the branding of bitcoin as “digital gold” seems to pave the way for this currency
Interesting, thanks for sharing!
Yeah, this is the key for me, especially whether it can be withheld for having the wrong opinions.