asset-backed digital currencies tied to audited reserves
Who does the audit? I'm guessing Bhutan. What incentive does Bhutan have to cater to foreign investor interests?
Who/what determines the token values? Is it based on market demand for tokens or the market price of gold?
If the price of gold increases 50%, are token values guaranteed to follow suit?
I'm trying to understand the advantage here over ETFs which essentially offer digital gold --- reasonably audited in accordance with US law without physical possession and values tied strictly to the market price of gold.
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[ 3.4 ms ] story [ 14.0 ms ] threadWho does the audit? I'm guessing Bhutan. What incentive does Bhutan have to cater to foreign investor interests?
Who/what determines the token values? Is it based on market demand for tokens or the market price of gold?
If the price of gold increases 50%, are token values guaranteed to follow suit?
I'm trying to understand the advantage here over ETFs which essentially offer digital gold --- reasonably audited in accordance with US law without physical possession and values tied strictly to the market price of gold.