1. I actually gave them a thorough read, quite thorough that the inconsistencies in your explanation throughout this discussion baffled me. The very post I quoted for example, "
Gold price is very stable and anytime for purchase is a good time, unless the price has risen significantly" which one is it? Stable that you can buy at anytime, that any fund accumulated should be transformed into gold, or that it has a possibility of significant appreciation [and with it, a depreciation too] which means we'll need an educated guess --where one of the means is through macro economics-- and buy them at a correct time?
2. Just to be sure we're on the same page before stepping further, 1B GRC equals to 1,300 USD worth of gold is because you're currently possessing 1,300 USD worth of gold? This rate will change in reflect to the gold reservoir you have next month, like, it'll become 1B GRC equals to 1,300 USD worth of gold?
4. Oh, pardon me, please point me out to these numbers and I'll humbly apologize for the oversight. Certainly you're not referring to the mention of 2%? Because I am quite confident anyone reading these dialog of ours will easily understand that I asked for --and this has been made clear-- a use case, as in, suppose your price depreciated 50% from today's rate, how will the gold kick into action and how will it stabilize price? We're talking numbers here. If I may help you, here, we can use this data I pulled from your web,
https://i.ibb.co/C5YqBkb/rate.jpgso suppose tomorrow the price of GRC plummeted 50%, what used to be 100 USD equals to 150 million of GRC, it now equals to 225 million of GRC. How will the gold reservoir kick into action and stabilize the price back to 150 million? And let's not stop there, we should assume the worst too while we're at it. Afterall, you're proposing a sense of security, not the false one. Let's also assume an ATL and massive dump scenario, the price depreciated 99%, so 100 USD equals to almost 300 million of GRC.
5 and 6. These points might be connected through the same root of problem: that I am not watching your youtube. With no intention to be rude, I have no time to watch 1 hour [and that's just 1 video] of explanation while I have other things to do [I really am currently swamped, I am not trying to be a snide here]. It's not like reading where I can do in silence while waiting in line or wait for someone, or in between the quiet morning with my coffee, I don't bring my headset all the time, and as I respect public privacy, I certainly won't disturb them by playing your explanation video through my device's speaker, and I like my morning as quiet as possible.
So, an explanation in writing is very much welcomed. I am more than happy to "listen" to that explanation of yours if you can provide a transcription of it. Not sure why this should be asked on the first place, given lots of people shared my issue, an explanation this crucial should be easily accessible, preferably placed on whitepaper. Or... you can do something easier by just tell me in brief what's your explanation is about and how exactly can you issue credit card and erect a banking entity without legal body.
I'll try be brief as I don't have much time to type what I've already explained in my videos.
1. Gold price is relatively stable. So as long as it fluctuates around the same price, I can purchase anytime I accumulate funds. If it appreciates significantly, whcih can happen occasionally, especially in the upcoming future, I need to see. There I need to make an educated guess. All my streams on Youtube indicate that I'm at up to date with global economic dynamics, and I get feedback from the holders.
2. 100 billion GRC is total max supply. It's currently worth $1,384 USD worth of gold. If we accumulate same amount next month, 100 billion GRC will cost $2,768 USD worth of gold. When the gold will be purchased that value will be only measured in gold. For example, 1 billion of GRC will be equal to 1 ounce of gold (just a random example). No need for USD.
4. For example, people sell GRC tomorrow that only $100 left in liquidity from current $4000. We would accumulate $80 in gold wallet. That would make around $1,450. If I was to pump it up, the price would get to 30-40% of initial. That scenario is impossible. Even if people did it, it would be over time with slow up and down movement. We would accumulate actually same amount. So in the end we would have around $2,800 at least in gold wallet.
Moreover!!! We have 2% going into liquidity generating. So, if everybody sells we can't have $100 worth of GRC in liquidity. Currently the minimum liquidity if everybody sells would be over $1,450 (same as gold wallet). So the price could be reinstated to the initial the day after tomorrow. That's currently if it happens, not hypothetical. Everybody sells tomorrow, I buyback the coins with gold and next day the price will be exactly the same.
5 and 6. I will create company and legal body to create stores around the world and issue credit card. I'm saying not now, but when the global power dynamics shift and the world is more decentralised (right now the global economy is monopolised by USA, that is already changing).
