Quint / Bitshares

in quint •  7 years ago  (edited)

Now the Quint is a very interesting upcoming ?coin? BACKED BY GOLD!

Now we know Gold is used since thousands of years as painment method and is trusted because of it.

I really wonder what is coming there, more information on that I will find out.

bts.png

But if they do what they say (always essential) it will be worth owning it. I still have to find out how it will be done. If you really can get the Gold physically sent to you in exchange to quint it is great. If they just say they have Gold backed and dont actually deliver it just like the banks today but if they do these coins become added worth like no other because when investing you dont have to decide,

Buy Gold OR Buy Crypto NO

Just buy Quint

IF they deliver what they promise

https://steemit.com/bitshares/@bluerocktalk/watch-stan-larimer-live-last-night-on-the-spot-answering-your-q-and-a

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This Quint is going to be huge!! First time ever you have a smartcoin that is actually backed by something that has real world value. You will also be able to trade it for real gold.

If that is true that you can trade it for real gold, this will be HUGE. It is a solution that would be even better backed then any currency at the moment. People can say that the gold price is manipulated down at the moment, may be true but gold has through its physical agreement and LONG time history an inherent worth that also will be stable after every currency, digital or physical is down

Check this podcast out. 12:00 - 15:00. You will be able to trade the Quint for real gold.

https://www.youtube.com/watch?time_continue=887&v=Gi7GLRJd7Dk

yes I watched it already but why I write IF is because simply sometimes companys promise lot of stuff but reality is different, I mean words vs. acting makes the difference. I had already goldcompanys promising all kinds of stuff but before big investing do the testing

  ·  7 years ago (edited)

artus - Quintric has teamed with UPMA (United Precious Metals Association) in Utah which currently provides gold and silver savings accounts. I have used them for a few years and have been impressed with the organization. They just built a new vault which will be auditable in person by Quint holders.

I give a lot of details in this Steemit post: https://steemit.com/cryptocurrency/@ochbiak/crypto-as-lawful-money-the-quint

What do you think the price will of bts be at Dec 2018. i think we hit 0.9 by mid feb again.

yes thats a good estimation. Realy hard to predict, depends on so many factors, this year so many changes happen in crypto also more focus on decentralized exchanges and privacy coins. But I think 3.5$ at the end of the year is not optimistic guess, depending how the market in general will develop

This project sounds really cool, but Silver might prove to be more undervalued than Gold. Is anyone working on a silver backed coin. I'm guessing BitSilver isn't actually redeemable for IRL Silver?

Quintric has a silver Quint, which is called the QuintS they also have 2 international tokens.