Re: gold-baked crypto coin

Quote from: alex.bitcoin on January 17, 2019, 10:55:28 PM

Quote from: feyd27 on January 17, 2019, 10:24:38 PM

There is a fully gold-backed stablecoin, called Digix. It is regularly audited, and the gold backing the coin is redeemable from the issuer. The problem with it is that it's, just like any off-chain collateralized crypto, fully centralized.
I've written a series of articles about stablcoins, part 2 was this: https://medium.com/datadriveninvestor/gold-on-a-block-stablecoins-part-2-7928598b282d

digit. can't find iOS/Android wallet, webpages looks abandoned, its not a COIN, but token
could you suggest the way how its possible to make decentralized?

what's the difference between a coin and a token?
and no - if there is an off-chain collateral, be it gold, any other commodity, or fiat, such as with other stablecoins (USDT, PAX, etc), there's no way to decentralize them.