BitGold

[Godbody]

any of ya'll on this shit? its like BitCoin except its half digital/half gold. basically their goal is to make this shit like PayPal but backed by gold, and a global currency too.

you buy gold by the gram. they're backed by a shitload of investors. you get physical gold that you can store in vaults and actually pick the gold up in those vaults when you want to..located all over the world

its new so if you refer ppl they give you like $8-$9. they NEVER make you buy gold its completely up to you

i've yet to buy gold because the price of gold keeps dropping, so i literally use the site as an opportunity for quick $$ by getting some referrals. they have live charts with gold prices worldwide so u can look at it like stocks. you can buy a shitload of gold but if you catch it on a day where it gains value you actually made a profit. if you buy a shitload of gold while its losing value, at least you have your $$ in gold which is pretty much accepted everywhere & better than your money being backed by nothing

they're comin out with a debit card that lets you go to any ATM in any country and withdraw money in their currency. dope ass concept to me

[Godbody]

any of ya'll on this shit? its like BitCoin except its half digital/half gold. basically their goal is to make this shit like PayPal but backed by gold, and a global currency too.

you buy gold by the gram. they're backed by a shitload of investors. you get physical gold that you can store in vaults and actually pick the gold up in those vaults when you want to..located all over the world

its new so if you refer ppl they give you like $8-$9. they NEVER make you buy gold its completely up to you

i've yet to buy gold because the price of gold keeps dropping, so i literally use the site as an opportunity for quick $$ by getting some referrals. they have live charts with gold prices worldwide so u can look at it like stocks. you can buy a shitload of gold but if you catch it on a day where it gains value you actually made a profit. if you buy a shitload of gold while its losing value, at least you have your $$ in gold which is pretty much accepted everywhere & better than your money being backed by nothing

they're comin out with a debit card that lets you go to any ATM in any country and withdraw money in their currency. dope ass concept to me

[Shodan]

Wait, you mean you have to have your real identity tied to this to pick it up?

It does sound like an interesting idea for regular people but it's not going to see much use over good ol' Bitcoin and similar cryptocurrencies because of that. Deep web drug lords and other folks anonymously involved in illegal activities won't want shit to do with anything like this. And we know who the biggest users of cryptocurrencies are...

which doesn't say anything about it's adoption by law-abiding folks or even as a side-thing for the above-mentioned criminal types, sure, but that fact alone will likely hinder its adoption. Even though picking up the gold is optional, there's no incentive for them to switch to it for their main "enterprises" as it provides them nothing that old cryptocurrencies did not already provide.

Yes, I know it's depressing, but let's face it: illegal activities are what drive cryptocurrencies.

[Shodan]

Wait, you mean you have to have your real identity tied to this to pick it up?

It does sound like an interesting idea for regular people but it's not going to see much use over good ol' Bitcoin and similar cryptocurrencies because of that. Deep web drug lords and other folks anonymously involved in illegal activities won't want shit to do with anything like this. And we know who the biggest users of cryptocurrencies are...

which doesn't say anything about it's adoption by law-abiding folks or even as a side-thing for the above-mentioned criminal types, sure, but that fact alone will likely hinder its adoption. Even though picking up the gold is optional, there's no incentive for them to switch to it for their main "enterprises" as it provides them nothing that old cryptocurrencies did not already provide.

Yes, I know it's depressing, but let's face it: illegal activities are what drive cryptocurrencies.

[Godbody]

nah...illegal activities are a byproduct of cryptocurrencies. they might go hand in hand but they don't 'drive' cryptocurrencies

what drives crypto currencies is a universal currency accepted by everyone. BitCoin was dangerous because it was just a shitload of algorithms that created/backed the currency. theres ppl 'mining' bitcoin with all kinds of expensive hardware n shit because they know the insider tricks n shit

with BitGold its simple. everything is in gold. gold that you can choose to purchase, gold that is tangible. gold has an actual value. this is different than bitcoin in the sense that I can spend $1,000 on BitGold buying gold. what happens is, they have vaults all over the world. New York, Japan, Switzerland, etc....and when I visit any given country, since gold is universally recognized i'll be able to withdraw any currency from ATMs in whatever country i'm in. That's what I think is dope about it. Not only that...if it proves to be viable/sustainable then merchants everywhere will accept BitGold similar to how a lot of ppl accept BitCoin/PayPal.

i know it sounds like BitCoin all over again, but this is a better concept to me in the sense that you're getting a tangible asset thats widely regarded as a form of payment & it'll back w/e currency you have. basically it's a digital way to bring back some kind of gold standard

of course it has its cons. ie; gold price is always going down so if I were to buy $1,000 of gold it might be $980 worth of gold tomorrow or some shit. on the flip side, ppl can buy out as much gold as possible to price fix it. less gold around, higher value. more gold around, less value. etc

[Godbody]

nah...illegal activities are a byproduct of cryptocurrencies. they might go hand in hand but they don't 'drive' cryptocurrencies

what drives crypto currencies is a universal currency accepted by everyone. BitCoin was dangerous because it was just a shitload of algorithms that created/backed the currency. theres ppl 'mining' bitcoin with all kinds of expensive hardware n shit because they know the insider tricks n shit

with BitGold its simple. everything is in gold. gold that you can choose to purchase, gold that is tangible. gold has an actual value. this is different than bitcoin in the sense that I can spend $1,000 on BitGold buying gold. what happens is, they have vaults all over the world. New York, Japan, Switzerland, etc....and when I visit any given country, since gold is universally recognized i'll be able to withdraw any currency from ATMs in whatever country i'm in. That's what I think is dope about it. Not only that...if it proves to be viable/sustainable then merchants everywhere will accept BitGold similar to how a lot of ppl accept BitCoin/PayPal.

i know it sounds like BitCoin all over again, but this is a better concept to me in the sense that you're getting a tangible asset thats widely regarded as a form of payment & it'll back w/e currency you have. basically it's a digital way to bring back some kind of gold standard

of course it has its cons. ie; gold price is always going down so if I were to buy $1,000 of gold it might be $980 worth of gold tomorrow or some shit. on the flip side, ppl can buy out as much gold as possible to price fix it. less gold around, higher value. more gold around, less value. etc

[Babylon]

The only reason I've ever had any form of cryptocurrency was for illegal activities, lol.



This seems dope though, a well thought out system. I definitely prefer this system over any non-tangible currency for practical means, but I also won't be dropping the use of BTC any time soon.


Shits dope though, thanks for the info

[Babylon]

The only reason I've ever had any form of cryptocurrency was for illegal activities, lol.



This seems dope though, a well thought out system. I definitely prefer this system over any non-tangible currency for practical means, but I also won't be dropping the use of BTC any time soon.


Shits dope though, thanks for the info