The Golden Currency Initiative:
The platform itself will run as its own privatized banking systems. Users will be able to utilize all the offerings of a standard bank, there is simply no obligation to a centralized monopoly of many banks who in essence have complete control over interest rates, inflation rates, and consumer currency holdings altogether. 'GC' seeks to end banking norms of storing as many liquid assets they need all on the back of the consumers... consumers trustworthy of where they hold their money!
Tangible CryptoCurrency Assets:
Real world cash (fiat) along with eventual ATMs and banking branches (globally) will be available in assocaition with the Golden Currency platform. A currency is as valuable as its worth in the real world, and a privatized banking system is absolutely viable with enough investment into the project. The initial crowdsale will be quite interesting because we will see drafted fiat usable instantaneously, and hopefully we see a tunnelling of bank branches to allows users ATM and debit/credit card use.
Assets in Holding Aren't Expendable Like Centralized Banks:
There is no worry with Golden Currency in how they are handling your funds. It is a known fact that most centralized banks of the modern world use consumer assets as their own, and the banking system is in essence running off borrowed time and funds. Golden Currency will develop their own establishment in which they simply provide the name and platform, and users control their virtual wallet along with all blockchain transactions. The ability to morph digital assets into fiat will be quite interesting, but those are developments in lieu of products accepting Golden Currency, and what partnerships may be bred from this brilliant platform.
Blockchain Balance and 'Stellar':
Balance is a blockchain absolute. Blockchain variations are built off proofs and protocols which ensure concensus and fairness to users. The third evolution in blockchain technology comes after the initial bitcoin (v.1) and ethereum (v.2) blockchains, and it's name is Stellar. The Stellar blockchain will perform in an even greater manner than its predecessors in terms of transactions per second and eventual decentralized apps and foundations which can be built from it.
Timeline:
As seen above, the Golden Currency timeline sees quick progression over the course of 2018's Q[uarter]4 period, and 2019's Q1. By the end of this year, we will see a fully interactive Golden Currency Bank, and in that bank will be beautiful GC notes which users can hold either digitally or in its fiat version. The brilliance of balance between fiat and digital provide a worth to users that prevents high inflation rates. The fact that there can be fiat and digital in motion is unheard of for a crypto, and Golden Currency is the first true crypto to create and actually tangible 'bank note'. Legal tender becomes that way because of mass dispersal and usage; with enough people, Golden Currency can become the most sought after fiat in the world!
Some More Thoughts on Golden Currency in Video Form [on the DTube Platform]:
Bounty0x Username: @rocketmutt
I do love the look of the dollar, very interesting project here.
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Hello @brandonk, thank you for sharing this creative work! We just stopped by to say that you've been upvoted by the @creativecrypto magazine. The Creative Crypto is all about art on the blockchain and learning from creatives like you. Looking forward to crossing paths again soon. Steem on!
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Thanks a lot!
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