Quote from: nitja on January 18, 2018, 06:35:16 PM

Quote from: hope-crypto on January 17, 2018, 12:11:40 PM

Quote from: Ajmemeni on January 17, 2018, 10:09:14 AM

Quote from: gobbi on January 17, 2018, 09:18:41 AM

Quote from: Ajmemeni on January 17, 2018, 09:11:51 AM

Quote from: gobbi on January 17, 2018, 08:57:08 AM

well in last months this rollercoaster was higgher than just 20%... if the whole story regarding xaurum is gold, which historically should be "safe" or less volatile asset (and this connotation is used in marketing of xaurum), and is performing the same as the whole market, than what is the point of xaurum token? ~~backed~~ by gold...

You didn´t do the homework and detailed check xaurum project, read whitepaper, check www.xaurum.org and understand how xaurum works than you will see the point of this token...

answer as expected... I did. But I guess your interpretation of "backed by..." is different as it usually means.

Of course is answer as expected, I can´t write you here noveles etc.. if you don´t check main xaurum mecanisms. Ask me questions and I will help you to understand. There is 129kg of gold and gold base is growing with each mint, more gold means more gold coverage for all xaurum holders.

if you don't mind, I will just leave here this definition of what is, in finacial terms, backed currency... is xaur in line with this?

"Whose value has a direct correspondence with the value of a commodity (such as gold), whether or not it is redeemable in that commodity on demand."

and par value system of your mechanism is at the moment not feasible, as you mentioned few posts back. where does this leave us investors and you?

You should know that most of them do not have economic education...

why would you need economic education?? you and newbie above your post, just think you've got rekt when you invested in xaur. You are hope crypto. Economic is not about hope. I think you don't have it neither. and @ajmemeni you are just so clever that nobody cannot even explain to you how xaurum works. you are just too clever. and yes, it is redeemable on demand in commodity for each of us holders at any time (denomination is 1g of gold LBMA good delivery equivalent 1000 xaur atm) I think you have enough money and knowledge that you can make your own cc backed by your brain. I am almost sure that you'll get your $1M. just for you. Oh you 'economists', go to work.

[/quote]

Why would you need economic education? I won't even answer this question, because it's so stupid. Lol you are calling newbie a guy, who looks critically at Xaurum. I know you meant his account, but stil so funny... Xaurum deserves only critics for past 7 months. This is fact and if you want to argue with me on this, go look at chart history. If you don't care for price and your goal is to increase gold, they still failed big big time

Yes I already said I was rekt when I invested in Xaurum. It's simple math. I invested at around 10-11k satoshis and now is 1600. So yes I got rekt for 10x

But fortunately I did not invest in Xaurum alone, but also elsewhere, so I'm not even interested in how well the project is going. I will be a bagholder, because I do not really care. Yes economic is not about hope, but I have hope that I will be rich, and for now I am on the right path Wink

Also I see future in decentralized currencies and here is another weakness for Xaurum. Xaurum is CENTRALIZED. So you believe in centralized asset, that is not covered by the government? And before you begin to talk that if the cryptocurrencies fail, that you can get at least about 25% in gold, ask yourself if this is a suitable ratio for asset, which is ''backed'' by gold and it's also centralized?
Yes and you know perfectly how Xaurum works. You just have more info about what is happening with the project, which is not even legal. But how Xaurum works? Again simple math. At the beginning people was buying Xaurum at production price let we say 0.02$. That means if you invested 40 000$ in Xaurum you got 2 000 000 Xaurums. + you bought about 1 kg of gold for other Xaurums(30/70 doesn't really matters). Now is production price about 0.31$. That means for 40 000$ you get about 130 000 Xaurums, but you buy the same 1 kg for other Xaurums. So you see where is the problem? You gave same amount of gold in the vault, but you have a smaller share. This would not be a problem by itself, but then you have the option of melt here. And that means when enough gold comes into the vault, some people (who bought earlier and got 2 mio. Xaurums -> larger share of gold) can decide to take their share of gold and just walk away. In normal currencies or assets, the problem would be liquidity, but they do not need it here and that is a big problem. And here we are again. You must again BELIEVE they won't never do that Wink

If you have never thought that this can happen, you are simply a sheep or you do not care because you have connections with the team and you will pick up your money early enough and walk away.

Guys enjoy your mesni dorucak Wink