Post
Topic
Board Announcements (Altcoins)
Re: [UNO] Unobtanium Info & Discussion - Miners Update to 0.10
by
IMZ
on 18/05/2015, 05:05:48 UTC
Nice to see the price of our favourite alt bubbling up a bit!  Cool

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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