In this video we learn more about Quintric Gold & Silver Legal Tender Cryptos said to be launched on Bitshares.
According to their website and the articles linked below Quint tokens will be redeemable for gold and silver coins that are fully insured and locked in a vault in Utah.
What do think about Quintric Coins? We don't know enough yet to confirm their value or validity. We are learning more in real time and are interested in getting feedback from the community before we decide whether or not to buy in. Please share your thoughts in the comments section.
Did Bitshares Just Help Create "Perfect Money"????
https://steemit.com/bitshares/@taskmaster4450/did-bitshares-just-help-create-perfect-money
The Mighty Quint Rears its Head
https://steemit.com/bitshares/@stan/the-mighty-quint-rears-its-head
Quintric Gold & Silver Legal Tender Cryptos
https://quintric.com/
Famed Bear David Tice On Bitcoin, The Bull Case For Gold And More
Thanks for the post - BUT, be careful here freedom-lovers! The precious metals markets are manipulated by most peoples' standards - feel free to DYOR. As such, while in theory this seems like a great idea, I see it as a way to potentially invalidate all existing crypto by making it seem less desirable by comparison, since BTC for example, is "backed by nothing". This notion then in turn, opens the door for central banks to introduce their Fed coins and claim they are backed by precious metals, while having full control over the centralized database and using the immutable nature of block chain to curb liberty, not extend it. I love the idea of redeeming crypto in Gold, but only in so far as I trust the gold markets (en masse) to be a true free market. Until I have that assurance, I'll choose to keep my assets nice and decoupled. I'll buy physical gold and I'll by cryptocurrency and I'll buy other assets, but I'll do so individually. Mixing assets does not always make the underlying parts more valuable. More often than not, it makes the assets more prone to manipulation. Now, when gold is made to decrease in value, for example, your crypto just decreased too. My $.02
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Fair response. "I'll buy physical gold and I'll by cryptocurrency and I'll buy other assets, but I'll do so individually."
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Defiantly a Kaboom!
reading more now.
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the idea is solid and great but how will they prove the gold they are saying is real?
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Good question. "It is anticipated that such audits with participation by third-party observers will be livestreamed and viewable on the Quintric YouTube channel." https://quintric.com/vaulting-insurance
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Interesting idea but I would rather hold real gold if I was going invest in gold.
Would be cool if someone made an exchange where you could sell(or buy) crypto for gold lol
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Elitewizard- Quints are redeemable in metal anytime on demand
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With a utility platform as good as Steemit and many more platforms on the Steem blockchain, am sure Steem is going to reach as high as $100 in the next few years to come.
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back to the roots of store of value instruments. now who's going to store the physical precious metals, keep them safe, etc...?
At that point why not go fully digital. Bitcoin anyone?
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Thanks for your response and upvote @liotap Apparently, Quint tokens will be fully insured and locked in a vault in Utah. I don't like the idea of storing my value in someone else's vault and chances are I will probably pass on this but the idea of a gold back crypto is interesting and worth the discussion.
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Bitshares is the real deal, they get some pretty cool projects on there every once and while
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kaBOOM!
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I think they are real n cool
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You just rose by 40.7478% upvote from @therising courtesy of @champagnecrypto. Earn 43.8% APR by delegating SP to therising. For more details visit: https://steemit.com/budget/@therising/auto-daily-payout-of-43-8-apr-for-steem-power-delegations-starting-from-500-sp-only-limited-period-offer.
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You got a 8.70% upvote from @buildawhale courtesy of @champagnecrypto!
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You may find some value in the review we done on this.
www.blockchainbullion.io
Very promising indeed, Dignity (DIG) is going to explode onto the crypto scene this summer.
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You got a 49.79% upvote from @ipromote courtesy of @champagnecrypto!
If you believe this post is spam or abuse, please report it to our Discord #abuse channel.
If you want to support our Curation Digest or our Spam & Abuse prevention efforts, please vote @themarkymark as witness.
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