Quote from: hughjays77 on September 23, 2014, 06:24:48 PM

Exactlly. URO was simply a scam. Also remember that we would not be pegged to the underlying commodity [ saffron spice, gold or diamonds]. My suggestion for a '10-20% value level' backing asset that adds to the stature, stability and price support of SFR.

As for 'mysticalcockfungus'.... Its a free market

This is ridiculous, who will fund buying the SFR? who keeps it? how do we legally prove SFR is backed by saffron? This is not a bar of gold, saffron looses potency and flavor as it ages, you cant just buy some then put it in ur pantry and tell everyone SFR is worth more now cus we actually own some saffron...

In order for asset backing to work, the person on the other end must be able to somehow claim their share of the asset that is backing it.

Trying to throw commodity backing into an established coin as a new "feature" is just stupid, stick to the roadmap and SFR will do just fine.