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RE: Why Gold-Backed Cryptocurrencies are a HORRIBLE Idea
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.