Quote from: conspirosphere.tk on December 02, 2014, 09:35:42 PM

Quote from: brg444 on December 02, 2014, 09:25:26 PM

Quote from: conspirosphere.tk on December 02, 2014, 09:19:29 PM

what do you guys think of https://www.digitaltangibletrust.com ?
Anyone using it?
If btc rises much before pm I am tempted to use it.

Quote

Place your gold or silver in secured and bonded custody to receive your digital tokens.

This looks no better than paper gold.

yes but it seems somewhat more transparent and decentralized.
It could be a good compromise for who wants to trade frequently and stay liquidity if it works.

Of course who wants to hodl forever does not need it.

Decentralized?

The gold is sitting in one vault.

It's funny, that's exactly what we've been discussing for the last couple pages

Quote from: Peter R on December 02, 2014, 06:52:51 AM

Like you pointed out, there's a fundamental difference between the transfer of a bitcoin, and the transfer of a token that represents a claim on some external-to-the-blockchain property. In the latter case (asset-backed tokens), all that is transferred is ownership (and ownership is really a social construct, valuable only to the extent that one's society is willing to enforce property rights [as control of the property in question remains a physical problem]). In the former case (bitcoin), what's transferred is control itself.

Yes the token system is decentralized but the asset(gold) is not. It is still very much controlled by a third-party and no more transparent then regular paper gold schemes