John,
Obviously I don't know, if I claimed I did , I would be full of schit... but I can guess... very risky for me, kinda like predictions... but here we go
a digital , block chain currency, like bit coin.. but backed by gold.
Infubar,
A blockchain currency can't be backed by gold or any physical commodity.
The backing is the time it takes to digitally mine and the security of the blockchain.
It's still fiat currency.
John,
By no means am I an expert on blockchain or anything to do with Tech... but my understanding is blockchain is a fancy word for ledger. A ledger than records and displays every transaction ever made.
So forgive me if I use the wrong techno babble....
Point being a system that uses a ledger based on computing power backed by gold. Seems it could be done?
Again these things are like predictions, little upside for me and a ton of downside as in campfire fashion if I am wrong a dozen guys will jump my schit. I do appreciate the discussion though
