So this is effectively e-gold? What about decentralization? Is there any reason this won't be shut down like e-gold?
I don't think this is going to get very far...
Exactly and E-Gold, which by far the price is always dependent on how much the current price of gold.
the guy behind it is Anthem Hayek Blanchard. he is the guy that got goldmoney.com to become what it is today, just becareful guys as these new currency is just an "IOU" backed by gold. it is not gold itself. if the business disapears or decides to just 'close shop' the coin has no other use.
not a scam, just an investor warning