Jump to content
House Price Crash Forum
Sign in to follow this  
AvidFan

Why Don't We Start A Gold-backed Global Digital Currency?

Recommended Posts

What do you reckon?

Goldmoney has 106 million in stock, which I make at around 430 goods delivery bars or a little over 5 metric tons...

If we got Cgnao on side, we'd probably be half way there...

Seriously though, I reckon we could pool a mil between us couldn't we ? We just need an SSL buy/sell web site and a shed with a VERY big padlock.

Any takers ?

AF.

Share this post


Link to post
Share on other sites

I expect, sometime in the next 50 years or so, that "real money" will win. I don't know about the digital part of your preposition though.

Share this post


Link to post
Share on other sites

I've never really understood why a big online retailer (eg ebay) did not start their own online currency, backed by dollars or gold or whatever.

They could then be the base currency for the internet, and goods could be bought or sold in the currency, with tokens always convertible to dollars/gold.

Once they built up enough confidence they could then become a de facto international bank.

Share this post


Link to post
Share on other sites

I'm sure this has been posted before but here's some links:

http://en.wikipedia.org/wiki/Digital_gold_currency

Not an endorsement but here's a firm which, I guess, is much like goldmoney, etc.

https://www.londongoldexchange.com/default.asp

As an aside, I find the virtual money/economies that exist in internet gaming worlds a real phenomena.

http://en.wikipedia.org/wiki/Virtual_economy

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.