Is this going to be a good alternative to Tether?
https://cointelegraph.com/news/uks-royal-mint-launches-gold-backed-cryptocurrencysnipped
In the short term we need a safe haven from Crypto, having a gold backed currency would be better than a fiat backed currency.
Any backed currency requires a trusted party and having a permissioned block chain is irrelevant as you need to trust 100% the people who are storing the backing.
I think a gold backed currency from the UK Royal Mint is going to be more trust worthy than Tether.
I'm not suggesting this is as a replacement for Bitcoin or other Crypto currencys, but it is a mechanism for holding stable value loosely pegged to fiat.
Please, less of the 'we'.
I'm just against any of it, on principle.