Re: OFFICIAL LAUNCH: New Protocol Layer Starting From “The Exodus Address”
What were your thoughts regarding the open transactions project in my last post?
Instead of having an over complicated trading escrow fund shouldn't simply;
1 mastercoin dollar = 1 dollar with only the amount being held in escrow being traded
Same with gold... 1 mastergold = equal value of certain weight of gold held in escrow on day of purchase
Holding actual physical assets in a vault somewhere would make me like that company "e-gold", and I don't fancy the idea of going to jail
Sorry to bombard you with so many questions, just an interested potential investor with a few concerns.
Surely that would make the gold escrow company like e-gold rather than you?
Without the gold in escrow aren't people going to only buy up to the value of the asset, and sell from that point creating a loss for the escrow company as the Thai currency analogy describes above?