You are viewing a single comment's thread from:RE: Why Gold-Backed Cryptocurrencies are a HORRIBLE IdeaView the full contextedicted (72)in #threespeak • 5 years ago Peter Schiff is WRONG About Asset-Backed Cryptocurrencies - Here's Why Thanks for the reminder.
Yes. Peter Schiff spoke about asset-backed cryptos before, where I addressed his particular points.
This post is specifically about gold-backed cryptos - and I still think it's a really bad idea.
Yeah it really is...
The ultimate problem is that so many people think it's a good idea because the logistics make sense from the perspective of the vast majority that don't understand the intrinsic value of decentralization. This space is absurdly complicated.