Quote from: yarik0409 on Today at 10:37:48 AM

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).

1. Let's drop point number 1 as we're chasing tails on this topic where the other topics are more intersting to be pursued.

2. For the record, yes, I understand that the value is in gold, where the use of USD is to reflect the price of certain weight of gold. That said and with your explanation, assume you're forced to sell off all of your gold reservoir, what next? Your token equals to 1 gram of gold [just a random example] that equals to 50 USD? This correlate to point number 4, as below,

4. To say a scenario is impossible in crypto is rather dogmatic, isn't it? Nothing is impossible in crypto. Many currencies --that's ironically also the ones you use as your basis and your marketing point-- assure their holders that they're safe. With no intention of providing an apple-to-apple basis but for a mere illustration, UST for example? Or BNB? Or... ones that strike better, all of those dumped and failed token in the past that assures their holders the same, that the scenario of being dumped is not possible because they're something-backed? I can mention a lot and perhaps spent eternity just mentioning cases. So yeah, I have to say that stating the scenario where your token being suddenly dumped is impossible is borderline dogmatic, or at the very least, naïve.

That opinion aired and stated, I am stepping into the matter being discussed in this point, the scenario where your token being completely dumped. You're saying that based on your optimistic calculation, you can only recover about 30-40% of its initial value? So applied to that scenario provided, where initially 100 USD is 150m GRC [GRC USD = 6.67 x 10^-7 or 0.000000667 USD] and it plummeted and dumped 99% of its initial price [again, if you say this is impossible, I'd advise you to take a walk in CMC or CG and see ATH vs ATL of questionable coin] so the new rate will be 100 USD for 15b token^[1], you can only recover 40%, so it's like... 9.33 x 10^-9 or 0.0000000093?

The numbers are not important and can be ignored to avoid confusion. The bottomline is, you can only recover approximately 40% of initial price suppose the token got dumped? And this is a scenario when the price was dumped 99% or was it a calculation based on 50% depreciation? How is this a sense of security?

Moving further, you pump it back as you promised, because this is the security of your token, your assurance that upon a price crash, you'll liquidate the gold to buy back and drive price up. And people know about this, they've anticipated it, so when the price bounced by the liquidated gold, though can't be exactly to it's price before because as you stated, your reservoir will only be able to boost it back to 40% of its initial , they dumped the rest of their token soonest possible because they know price won't go back up as their reservoir, i.e. their safeline, has been completely depleted. Yes, the dumped token will generate a 2% tax that'll be allocated for gold next month. But they cycle begin again and again and again until that 2% is for a minuscule amount of gold. What do you propose? How is this still a sense of security?

5 and 6. Much that I like to assume that your words are inconsistent because you initially said you won't have a legal body, that you don't trust bank and govt. and now you said you'll built a legal body, and that waiting this whole "global power dynamics shift and the world is more decentralised" probably won't happen soon and will take years, if not decade, and most likely your project has ceased to exist before then [either by scenario number 4 or people found better project and lost interest in yours or other reasons], and so on and so on, I prefer to say I probably didn't have a good grasp of your thought. But, as I said, not many people --me included-- have the luxury or the urgency or the need to sit around for hours sifting through your monolog to find the exact explanation, you can help us by point us out to the video explaining exactly these part, down to the minute, from what time to what time, and I'll give my best to spare my time listening to it.

One interesting point that I'll put here as a side note for my own future reference, in case this is not covered on your self-proclaimed "explained in great detail", how do exactly the global economy being monopolized by USA affect your company's legal status in Australia? Each country has their own regulation for legal bodies, irrespective of US govt. power, the downfall of U.S. of A won't likely suddenly make govt. in Australia, or their neighboring countries to be suddenly more decentralized or centralized. I don't think Australia will suddenly more proactive in adopting or suppressing gold-backed crypto because USD is losing its power.

^[1] I made an error on previous post by saying 300m because I hastily use calculator to count it by adding 99% to the equation instead of calculating the real amount, i.e. 1% of the initial price, 100/150m x 1/100]