Wow, such a troll post full of bullshit. Not sure if I should waste my time replying to this crap, but I guess I'll do it anyway.
You have listed 10 points, out of which 7 are partially of fully inaccurate and the rest are irrelevant.
1) The "former Pepsi executive" CEO is over 70 years old and retired. This geriatric guy is supposedly running a cryptocurrency exchange, merchant bank, family of tokens, etc. Yes a very old retired Pepsi guy is what you want here.
The only part that is true about this is that he is "old" compared to any average shitcoin created by a college kid. Schutzman has a very long and continuing career in high positions and incredible reputation which has been verified by dozens of people who have done their DD. It's a feature shared by several big name Arbitrade BOD members. There are several subcompanies to Arbitrade which have their own executives.
2) There is nothing in existence currently except a lot of press releases and a shitty website.
Bullshit. Though there is hardly an kind of advertising yet, there have been glimpses to what they are doing, including their exchange, and Arbipay. The legitness of Arbitrade has been verified by several reputable sources, which include governments (Bermuda) and mining industry leaders (Coinminer), a top law firm (HFW). It's not just Ronnie Moas, though he has done pretty fucking great independent research on this for the last 12 months.
I can agree that their current placeholder sites aren't very shiny, but that's because they haven't even officially launched yet. Every actual scam project has very shiny and credible looking sites full of empty promises.
3) Company has changed its name and its smart-contract name 3 times already. Cryptobontix --> Arbitrade. UNITY -> Dignity
Wow, seems like you really haven't done any actual research before coming here with you claims, have you? Cryptobontix was incorporated into Arbitrade. The ownership changed before rebranding to Dignity, which was a great move IMO.
The smart contract of DIG has indeed scalability problem, that part is true. I've audited it myself and understand the problem very well. Arbitrade is also taking it very seriously and they have communicated it very clearly. They've been redoing the contracts with a global top smart contract partner, and the scalability issue won't exist in near future.
4) They are CLAIMING to do something that already exists. If you want actual gold backed token use Digix's DAO's DGX token. They have actual tracked bullion with serial codes, the date/name of purchase location in Singapore and scanned copies of receipts. Every contract is verified backed by bullion and they have independent auditors with the names and auditing reports published. 45,000 tokens. 45,000 grams of gold.
->
https://digix.global/app/#/provenance/assets-explorer/assets-list <---- That is what a NON-FRAUD looks like. Evidence. Auditing.
DGX is a different business model, there is no buy back/burn program like Arbitrade has. Read the damn old whitepaper, and then the new one that is about to be released.
The backed gold (around ~1 USD right now) for Dignity is only a floor value, or a built in stop-loss. It's true that the gold ownership of Arbitrade has not been officially published or verified, which is incorporated in the current low price. This will change very soon.
5) They have 3,000,000,000 tokens! Are you kidding me? They are going to buy 3 BILLION USD$ worth of gold bullion and have it stored in a vault. That is absurd.
Actually, they have
just signed a gold deal for 1.25 billion USD. Chew on that a bit. Not all of 3 billion DIG tokens are not yet in circulation, but the circulating amount is already fully covered. And this is only the top of an iceberg.
6) They already had to abandon their last currency from previous exchange due to smart contract scripting errors. This is why there was a migration.
The token swap from UNY to DIG happened for several reasons, and yes, a smart contract problem was a major problem, though the actual problem was listing UNY on C-CEX, which later on became the worst exchange on earth. C-CEX held the tokens on the exchange without an withdrawal option because they wouldn't bother to change an ERC20 setting to allow for higher gas cost limits (it would have been about 1-2 USD, which can be checked on etherscan).
It is annoying that they have to do another contract swap, but shit happens, and this is the best solution.
7) There is no technical team. None! Not one programmer. Its all retired old business men from Ontario. Wow what a hot team. Why would you invest money in a cryptocurrency that has no technical team.
This just proves that you don't know shit and havent done any real DD on the project.
Trading those precious metals on the blockchain don't really need new technological breakthroughs, they need financial and regulatory breakthroughs, fiat gateways, government co-operation, which is exactly what Arbitrade has been focusing on. Personally I'm a tech guy, actually a very experienced software developer with a focus on scalability and performance, and sure I'm interested to see how the Arbitrade Exchange turns out, and how well it was architectured, but really I'm more interested in DIG & gold.

All their hype about buying 5,500 mining and their strategic partnership with Coin Miner LLC is just hype. CoinMiner is a website selling off-the-shelf mining rigs. Its like Amazon.com. So they bought a bunch of ASICs from a website. Not exactly earth-shattering. Thats a couple of million dollars of mining equipment. The return on investment on these things is 6-12 months
minimum. So assuming they actaully bought these rigs, they have enough money to to generate maybe $1 million a year. And this is supposed to support $3 BILLION in gold purchases
Yet another point that proves that you haven't read or understood the whitepaper, nor Coin Miner. The mining operation of Arbitrade is one of the biggest globally, involving several countries and datacenters. It's a good idea to not buy all the rigs in advance, but over time, making sure that they can use the most modern infrastructure that is available at the time.
9) $DIG straight from their press release:
I guess you forgot to write another bullshit accusation here.
10) Their 100% backed by gold token is actually going to be backed by debt..... From their recent press release: " 50% daily earnings are used to pay off bullion debt that backs tokens
Yes, somewhat similar to a mortgage. They still own the gold, but it makes financially no sense to pay it all in front in cash.
1 billlion+ USD gold deals only happen with companies that have huge assets and credibility. The gold partners have done their DD, unlike you.
Also, Arbitrade will get revenue from several sources apart from mining, token sales, their exchange. When the audits and verification for the gold is done, the price won't be anywhere near where we are currently.
Frankly, I've lost a lot of respect for Ronnie in this process.
Frankly, you didn't lose my respect, simply because you never had my respect. It's unlikely you've ever been respected by anyone else either, at least not based on the ability to DYOR.