A "gold backed" crypto is a nonsensical notion. Think about it....

  1. 199 Posts.
    lightbulb Created with Sketch. 3
    A "gold backed" crypto is a nonsensical notion. Think about it. A crypto is a formula recorded very securely. The recording system is excellent so you have a very secure formula that noone can pinch - a bit like your own personal vial of Everest air! How does it get gold backed? Gold costs money. Someone would have to buy the gold!

 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.