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Announcements (Altcoins)
Re: [UNO] Unobtanium Info & Discussion - Miners Update to 0.10
by
IMZ
on
18/05/2015, 05:05:48 UTC
Quote from: BitcoinCharlie on May 17, 2015, 09:26:16 PM
Nice to see the price of our favourite alt bubbling up a bit!
EDIT:
Did anybody see this:
http://www.businessinsider.com/hayek-cryptocurrency-backed-by-gold-2015-5
" a more secure store of value than Bitcoin"
Does the author mean 'secure' or stable? I always start my analysis with the history of bullion ETFs. It's an open secret, B.C., that only a fraction of the 'gold' and 'silver' that's been sold is actually in the vaults.
http://nsnbc.me/2013/04/18/federal-reserve-refuses-to-submit-to-an-audit-of-germanys-gold-held-in-u-s-vaults-2/
--
etc. etc. etc.
That is, that these ETFs and bullion-backed cryptos have exactly the same nature as the collapsing fractional-reserve banking system.
If it were all as simple as 'Our accountant has the bullion in his safe,' then Distributed-Vault Coin would have no point.
20 Uno for sale at .0108 per:
https://docs.google.com/spreadsheets/d/14hftnJ_crV9flLcUKaPqwEfTLKJme3R8jVeUJtudQSw/edit#gid=495759384
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