516 () 🔍 Notable posted 2 years ago by CAFEDEADBEEF (context) 2 years ago by CAFEDEADBEEF +516 / -0 230 comments share 230 comments share save hide report block hide replies
Since it's gold-backed, doesn't it have to be to be synched up to the price/supply of gold?
It will be like the old US dollars redeemable for a certain physical amount of gold
It does, but it doesn’t necessarily have to be centralized for that to happen.