"Gold backed crypto" eliminates most of the trust minimization properties that come from holding directly either gold or crypto. It disempowers users from validating either.https://twitter.com/maxkeiser/status/1153464858714759169 …
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Mr. Szabo, what do you make of India’s Economic Ministry’s recommendation to the Govt. to totally ban all Crypto and severe punishment (upto 10 years) for even holding it? Their official “report” is a literal copy from BlockGeeks and other internet sources with a “ban” slapped on
Yet another reason why you should hold these things yourself, not let strangers hold them for you.
