Post
Topic
Board Altcoin Discussion
Re: OFFICIAL LAUNCH: New Protocol Layer Starting From “The Exodus Address”
by
Seth Otterstad
on 01/08/2013, 16:41:52 UTC

The attack in Thailand wouldn't have been possible without irresponsible lending by banks in risky real-estate speculations (where have I heard that story before)?

And how about when the Bank of England lost to a speculative attack by George Soros, in which he profited some 1.5b?  http://en.wikipedia.org/wiki/Black_Wednesday

What makes you think people are not going to irresponsibly lend GoldCoins?

I guess it doesn't really matter, since no one is going to buy the GoldCoins in the first place.  Faith in this escrow mechanism is not going to exist.