So what's this whole "related to precious metals" thing going to look like? Are you setting up an exchange site that will only trade between Spots and metals?
Special-purpose currencies have always confused me. I can understand there being some direct link with, say, silver if someone is holding on to a lot of silver and will trade for Spots at a given price. But I don't understand how that can in any way be built in to the currency without centralizing it.
I'm not trying to criticize, I have just heard a lot of vague talkvague talk that I like the sound of, mind you. I'd just like to hear more specifics.
That's the plan. Its a lot more involved and will have much more to offer than just that but without saying too much yet...let's just say you understand the basics of where Spots is headed