Hi,
Given all that's been said here about whether or not Bitcoin has any real value, I'd be interested in reading peoples views on whether gold backed cryptos have a value or not ?
As a staring point, I'd ask people to do two things:
Cryptocurrency backed by gold being developed by Perth Mint to entice investors back to precious metals
[broken link removed]
[broken link removed]
[broken link removed]
Goldmint
So,
Are these cryptos essentially worthless, or some even a near ponzi scheme ?
or,
Do they actually have a tangible value that separates them from the majority of other cryptocurrencies and give a level of comfort to those who have firmly believed that all cryptos are worthless ?
Given all that's been said here about whether or not Bitcoin has any real value, I'd be interested in reading peoples views on whether gold backed cryptos have a value or not ?
As a staring point, I'd ask people to do two things:
- Step away from Bitcoin - it's only one crypto and while it's the most famous, it's not relevant here as it is not "backed" by gold etc.
- Have a quick look over a few of the following links, to get a bit of background on how some of the gold backed cryptos work, what organisations are behind them etc.
Cryptocurrency backed by gold being developed by Perth Mint to entice investors back to precious metals
[broken link removed]
[broken link removed]
[broken link removed]
Goldmint
So,
Are these cryptos essentially worthless, or some even a near ponzi scheme ?
or,
Do they actually have a tangible value that separates them from the majority of other cryptocurrencies and give a level of comfort to those who have firmly believed that all cryptos are worthless ?
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