Here it is! The controversial infographic that has gone viral from Goldmoney!
I’m chuckling as I write this because if people dig a little deeper, they will understand that it’s really not that controversial.
This infographic has garnered a lot of attention due to the “#dropgold” campaign that started a bit of a brouhaha between Grayscale and Goldmoney.
The funny thing is that few have actually read the white paper from Roy Sebag, Goldmoney and Mene founder and CEO, which responded to the grayscale ad.
Here is the white paper: https://www.goldmoney.com/research/goldmoney-insights/drop-gold-and-the-myths-we-re-told
It is very important to understand the context here.
Let me repost Roy’s quote from the original PR that published the whitepaper:
“It is my hope that the Bitcoin community will embrace this research and a shared understanding that the gold and cryptocurrency communities should be working together rather than against each other as we march towards the inevitable demise of the fiat currency system,” said Roy Sebag, CEO of Goldmoney.
Note that Roy is not attacking bitcoin.
Here he is again:
Somehow people continue to misinterpret the meanings of the white paper and the infographic.
I hope people take the time to read the entire whitepaper and understand the intention behind it.
I want to thank @singhcapital aka @thejohalfiles for his supportive comments today:
We are all on the same team here people.
How about instead of #dropgold...
We #shopgold and highlight the benefits of both crypto AND gold.
Use some bitcoin to buy a 24 karat gold Father’s Day present from Mene!
Win win win!
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Menē crafts 24 karat gold and platinum investment jewelry™ that is transparently sold by gram weight. By combining innovative technology with timeless design, Menē restores the ancient tradition of jewelry as a store of enduring value.
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Gold AND Bitcoin is surely the smartest move going forward. I think the people who opine about their financial beliefs are... oh wait a second, i’m doing it
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I agree. Thank you for your thoughts
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It’s like my two best girl-friends fighting... kinda’ sad, but I can’t look away!
Cooler heads will prevail and appreciate the unique qualities of each...
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Right??? The thing is... it’s not even really a fight if you really dig down to it. Imo all Roy is saying is that gold is a better store of value.
I think people immediately leap to that meaning he is saying it has NO value, but thats not at all what he is saying.
That’s my dumbed down interpretation.
Someone had to address the #dropgold campaign and there probably isnt a better mind to do it!
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Gold and bitcoin are different, but some of their purposes are similar. I think both should be in everyones' portfolio
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For sure. Thank you
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