Post
Topic
Board Altcoin Discussion
Re: What will be best a new altcoin pegged to fiat money or to precious metals?
by
tsaroz
on 22/08/2020, 13:11:17 UTC
If any company would be actually be pegging a coin, a one pegged with precious metals like gold would be a much better option than any pegged on fiat.
There are a lot of so called gold backed currency but the problem is almost all of them don't actually holds the required amount of gold for escrow. And it would not be believable unless an established company jumps into gold backed coins as issuing one requires a large capital.