Reason: None provided.
The main concerns of this gold backed currency:
- Who holds the gold?
- How do you ensure gold is fairly distributed across the country? Across all other nations?
- What measures are in place to prevent centralization of all the gold?
- What are the economic consequences if large amounts of gold suddenly go missing, or, found to be "fools gold"?
- Who audits the gold vaults? Who audits the auditors?
- What measures will be in place to prevent banks and depositories from failing to have an adequate amount of gold to back the currency?
- How is this currency going to be established? Will it be paper backed by gold, or digitized, backed by gold? Or both?
- If Digitized, how do we know they can't program the currency to be stolen from us by our governments?
1 year ago
3 score
Reason: None provided.
The main concerns of this gold backed currency:
- Who holds the gold?
- How do you ensure gold is fairly distributed across the country? Across all other nations?
- What measures are in place to prevent centralization of all the gold?
- What are the economic consequences if large amounts of gold suddenly go missing, or, found to be "fools gold"?
- Who audits the gold vaults? Who audits the auditors?
- What measures will be in place to prevent banks and depositories from failing to have an adequate amount of gold to back the currency?
- How is this currency going to be established? Will it be paper backed by gold, or digitized? Or both?
- If Digitized, how do we know they can't program the currency to be stolen from us by our governments?
1 year ago
3 score
Reason: None provided.
The main concerns of this gold backed currency:
- Who holds the gold?
- How do you ensure gold is fairly distributed across the country? Across all other nations?
- What measures are in place to prevent centralization of all the gold?
- What are the economic consequences if large amounts of gold suddenly go missing, or, found to be "fools gold"?
- Who audits the gold vaults? Who audits the auditors?
- What measures will be in place to prevent banks and vaults from failing to have an adequate amount of gold to back the currency?
- How is this currency going to be established? Will it be paper backed by gold, or digitized? Or both?
- If Digitized, how do we know they can't program the currency to be stolen from us by our governments?
1 year ago
3 score
Reason: Original
The main concerns of this gold backed currency:
- Who holds the gold?
- How do you ensure gold is fairly distributed across the country?
- What measures are in place to prevent centralization of all the gold?
- What are the economic consequences if large amounts of gold suddenly go missing, or, found to be "fools gold"?
- Who audits the gold vaults? Who audits the auditors?
- What measures will be in place to prevent banks and vaults from failing to have an adequate amount of gold to back the currency?
- How is this currency going to be established? Will it be paper backed by gold, or digitized? Or both?
- If Digitized, how do we know they can't program the currency to be stolen from us by our governments?
1 year ago
1 score