/biz/ - Business & Finance

>>7649294

old news. Mining companies are also making cryptos based on precious metals

>>7649294
It means we can now tether up with an actual tether.

Nothing the UK is a literally who country

>>7649294

This is tantamount to a tether exam. The UK mint doesn’t have any bloody gold. It was all sold off by a certain Labour Chancellor in like 2005. They’re lying.

How the fuck do you back crypto with gold?

If you have the gold to do this, they don't, then why not just let it back the national currency?

I don't get it

>>7649294
So CryptoGold #17?

>>7649294
How are they going to pay for the storing cost of gold ?

>>7649387

You'd sound more convincing in a language we didn't invent desu... x

>>7649519
You guys invented? It's the result of spineless Brits getting anally violated for centuries by the Norse, then by French overlords lmao. You merely listened to what words were used as they sodomized your sisters, mothers, daughters and started using them yourselves like the cucks you are

>>7649722
Think someone is upset about something?

>>7649765
Neh, I just really love reading history

It means that we have something solid.

Bitcoin is only backed by hope and dreams, it could either be worth 0 or 1MM in a single day.

Means nothing. Heard this crap on a podcast a year ago.

The Royal Mint have found a way to make some additional cash by selling their gold twice. It's a government owned enterprise as well so I suppose this isn't a terrible way of investing in gold.

>>7649294
It probably doesn't mean much. It will interest institutional investors but retail will still prefer physical gold, for tax reasons especially.

>>7649938
Thanks just set buy orders at $1 and sell orders at $999,999
Were all gonna make it