Post
Topic
Board Announcements (Altcoins)
Re: $TRA Tetra - Silver Backed Digital Currency (Nuclearcoin Takeover)
by
nac
on 11/06/2016, 21:14:40 UTC
i guess its there already:

https://yobit.net/en/trade/TRA/BTC

best of luck to us all Smiley


Great news!

hey everyone,

so as i said a few days ago i was going to post some pictures of the silver





currently we've got about 5 which were bought as a test run.

one of the main challenges around buying the silver is the fact i want us to physically own and hold the silver and that means obtaining it is at a higher price due to deliver and the companies wanting to make a cut. It would be a mistake i think to just buy them in principal or have them "in storage" traditionally currencies backed by an asset held the asset and when this began to change fiats began to run into more problems around borrowing and credit.

I'm aiming to buy around 2kg to start up the reserve. I also had an interesting thought in that people could buy thier own silver to help and then make our reserve decentralised but it would need a bit of work around being able to verify its existance etc. but that could be a really interesting concept if i can make something from it. I'd love to hear all your thoughts

Glad seeing all the progress buckaski! Wonderful idea hope it gets used