Has the silver coin idea been permanently put to bed by now or is it waiting for some asset exchange action?
It is neither. As you know NEM is always prudent with the things it does. We are not ready yet as we need to make sure that we have the right governance in managing this.
So, we are still looking at how to do this, especially you know how hard it is to manage physical assets in a decentralised cyber set up like ours.
I thought there was a chunk of NEM set aside for this and it was put on hold due to the low volume and price of NEM at the time. My memory could also be failing however.
I knew my memory was still good. When will this be implemented?
Silver Coins for Distribution to Stakeholders - - Dev-Fund
211,885,438.63 which is over $2 million
If the silver?gold coin distribution is not going to go ahead, the only fair thing to do is give the held funds back to the stakeholders.