JadeDragon wrote:I just don't understand bitcoin or similar. What gives it value other then the hope someone else will trade goods or services for it?
So EXACTLY like the fiat dollar then?
But instead of a quasi-governmental central bank telling you the currency has value, it's more of a peer-to-peer network of currency holders and users trading and using currencies in a free market. And unlike government-issued fiat, most crypto currencies have a finite supply and/or predictable formulaic inflationary structure. No small board of directors implementing quantitative easing programs behind closed doors or government printing more money out of thin air to finance bailouts and wars.
I'm skeptical of cryptos but can also see the utility of fast electronic peer-to-peer payments with much lower fees than credit cards, no restrictions on what they can be used for, and without a mechanism for the sender to fraudulently claw back the payment later.
Bitcoin is by far the most widely publicized and recognized and a handful of the major metal dealers will already happily send you metal for your Bitcoins. I fully expect to see more places accepting Bitcoin and expanding to other crypto currencies in the not so distant future. Bitcoin will probably be the most mainstream for a while, but newer competing "alt-coins" that fill different niches and have different features are worth taking a look at.
I had no interest in getting involved in crypto currencies for a long time, but a discussion on Bullionstacker recently got me interested in PIVX:
http://www.bullionstacker.com/viewtopic ... 08&t=27637Ron Paul always talked about competing currencies being a good thing.
http://www.ronpaul.com/2012-08-13/ron-p ... rencies-2/I recently got this email from the Amagi Metals email list. I am always a bit skeptical of Anthem and they only seem to be looking for investors with deep pockets, but it may be interesting to watch this take shape.
We are writing today to introduce you to a new opportunity that we are very excited about and very proud of. AnthemGold, Inc. which is a spin-off company of Anthem Vault, Inc. was launched in December, 2016 and has created a gold-backed cryptocurrency. We are raising funds for the company that will launch the 'anthem' or 'AGLD,' (which is the name of the fully gold-backed token) from qualifying investors on the Online Investment Platform BnkToTheFuture.
https://bnktothefuture.com/pitches/anthemgold/landingAs you will see, BnkToTheFuture has a glowing testimonial from Sir Richard Branson on its home page, they have over 37,000 professional investors, and over $160 million has been invested via the Online Investment Platform for the select few cryptocurrency companies that it allows on its site. We are very honored to have been chosen to be on their Online Investment Platform.
As a loyal and valued client, we want to invite you to visit our page before anyone else to see if you qualify to invest in AnthemGold and what we are creating to change the face of cryptocurrency.
If you are an accredited investor, you are able to explore the opportunity before it goes live to the 37,000+ FinTech investors on BnkToTheFuture. Please refer to the disclaimers below before you proceed.
If you have any questions, please feel free to contact myself or Cynthia at the email addresses below.
Best Regards,
Anthem Blanchard, CEO, and Cynthia Blanchard, President, of AnthemGold, Inc.
An investment in Anthem Vault involves a high degree of risk and should only be considered by persons who can afford to lose their entire investment. Prospective investors should not construe any information about Anthem Vault from the web site or from communications with Anthem Vault, and its affiliates, officers or employees, as legal, investment or tax advice. Each investor should consult with his or her own personal legal, tax and investment advisors prior to subscribing to any investment.
The securities being offered are subject to restrictions on transferability and resale and may not be transferred or resold except as permitted under applicable federal and state securities laws, pursuant to an exemption therefrom. You must be prepared to bear the economic risk of the investment for an indefinite period and be able to withstand a loss of your entire investment.
Neither this letter nor the information contained on the web site constitute an offer to sell or a solicitation of an offer to buy securities in any jurisdiction or to any person to whom it is unlawful to make such offer or solicitation in such jurisdiction.
No person has been authorized to give any information other than that contained in this letter or the web site or to make any representations in connection with the offering made hereby, and, if given or made, such other information or representations must not be relied upon as having been authorized by Anthem Vault.
