Relevant: The Only Social Network Built On Trust

A community for the latest discussions about the cutting edge of crypto design, it's culture and significant crypto news. Decentralize everything. Check out our [Community Guidelines](https://relevant.community/crypto/post/6122269e61d1cd005a877277/62427d3ed587ad005b647828)

53475 Members

See All

News Feed

We'll be adding more communities soon!

53475 Members

We'll be adding more communities soon!

1.1K

How Gold Will Be Digitized Using This Crypto Node

• Tom Holland

1.1K

How Gold Will Be Digitized Using This Crypto Node

• Tom Holland

@KukiBlake • 2 Years Ago

...

"Bitcoin has been referred to as “digital gold” for almost the entire duration of its existence. One cryptocurrency, on the other hand, is working toward the goal of digitizing gold and other precious metals."

Kenna

@KukiBlake • 2 Years Ago

...

Druss

@Druss • 2 Years Ago

...

I'm not a big fan of paper/digital claims on mined gold, and am even less a fan of this idea of claims on unmined gold that will never be mined. Sure it sounds better for the environment, but it seems to be adding even more risk to what is essentially a gold derivative.

...

...

>"However, why? The extraction of the gold needed for one engagement ring results in the generation of twenty tons of trash. In addition, half of all of the gold that is extracted from mines each year…"