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Title: [ANN] Gold Backed Coin Post by: Goldbacked Coin on April 11, 2014, 09:50:22 AM GOLD BACKED COIN (GBC)
WORLD'S FIRST VIRTUAL CURRENCY FULLY BACKED BY GOLD http://www.gbc.is/res/gbc_betalogo.png (http://www.gbc.is) ANNOUNCING Simply stated, Gold Backed Coin (GBC) is a revolution in its field. Its 100 % backing by physical gold adds a new dimension to the term cryptocurrency: There will be price stability downwards, while upwards there is no limit, and the free market defines the price. ISSUING Driven by a new concept, GBC differs from all other virtual currencies. Gold Backed Coins are issued following a book building process in which their current price is to be defined. Prospective holders hand in their orders by choosing a price within a given span. The maximum order volume will be calculated to serve the demand – and it may well be that the individual user gets GBC for a price cheaper than ordered. The first book building will take place from April 9, 2014 15:00 (CET) to April 22, 2014 15:00 (CET). TRADING Gold Backed Coins are tradable online within the Ripple network. Existing since 2011, this is an advanced system for trading currencies safely and quickly against each other worldwide. The prime place for trading GBC is the GBC/BTC market integrated in the Ripple network – but users can easily create new markets in which to buy or sell GBC against other currencies. MINIMUM PRICE GUARANTEE Interventions on the GBC/BTC market will happen, should the market price drop below the backed value of the coin. The physical gold reserves will be used to guarantee investors this important advantage. AMOUNT OF COINS A maximum amount of 13 Million GBC is expected to be issued during several book buildings. The exact amount of GBC in circulation will depend on the specific demand during the book building processes. In any case, all GBC will be backed by one tenth of an ounce of gold per coin. SPECS Currency code: GBC Value: Backed by one tenth of an ounce of gold per coin Issuance: Via book buildings on http://www.GBC.is Trading place: Ripple network (mainly GBC/BTC market) Requirements: On Ripple grant trust to the correct issuer Issuer address: rG52A1pZBGER9tCvTdVh3zf1WJokjjVfJu Options: Tradable against all currencies on Ripple Guarantee: Price guarantee active below gold backed value Maximum: Defined by demand, currently expected 13 Mio. GBC SPECIAL ADVICE Become a lucky winner: Register an account or subscribe to our newsletter in order to take part in the competition! 13 GBC will be the prize for the winners. Find more details on our website! MORE INFORMATION Homepage: http://www.gbc.is - Info: http://www.gbc.is/info - News: http://www.gbc.is/news - Tutorial: http://www.gbc.is/tutorial - Order: http://www.gbc.is/order - FAQ: http://www.gbc.is/faq - Register: http://www.gbc.is/register - Newsletter: http://www.gbc.is/newsletter Contact: support@gbc.is Other Sources: - Facebook: https://www.facebook.com/pages/GBC-Gold-Backed-Coin/273646059461457?fref=ts - Twitter: https://twitter.com/GoldBackedCoin - iOS App: https://itunes.apple.com/us/app/gbc-gold-backed-coin/id841402612?mt=8 Take part in the book building! We are looking forward to serving your orders for Gold Backed Coins. Title: Re: [ANN] Gold Backed Coin Post by: Goldbacked Coin on April 11, 2014, 10:00:38 AM GBC's book building has started. From now on, over a period of 13 days, we will
accept your orders for Gold Backed Coins. You can submit your order here: http://www.gbc.is/order We will now give you some information that might be of interest to you. First, we will sum up the most important advantages that GBC offers over other altcoins and over gold. Then you will be offered information about what will happen after the book building. What are the most important advantages of GBC compared to other altcoins? - While the value of most other altcoins is based on nothing but sheer hope, GBC is secured by physical gold. Because of the full gold backing of 1/10 of an ounce of gold per coin, the real value of one GBC cannot drop below its gold backed value. - In case the market price of GBC on the GBC/BTC market were to drop below the backed value and no other investor were interested in buying the coins for less than the value they inherently hold, GBC would intervene on the market and buy back the coins. - While your investment is safe downwards due to GBC's price guarantee, the price of Gold Backed Coins can rise wherever the market goes. This will be beneficial for all investors, especially for those who buy their GBC during the book building at an early stage. - In the future we will provide proof of the amount of gold deposited. Furthermore, you can watch the amount of GBC issued on the Ripple Graph. What are the most important advantages of GBC compared to physical gold? - You can convert GBC to other real or virtual currencies quickly and easily whenever prospective buyers and sellers meet on a market within the Ripple network. Changing GBC into fiat money is also much cheaper than changing gold into fiat money. - You can earn money when the market price of the coin rises (and of course, when the price of gold rises.) Looking at the dynamic of the altcoin markets, the chances are very high that the price of Gold Backed Coin will significantly increase. - There is no need to deposit Gold Backed Coins physically because they are issued and stored within the Ripple network. Furthermore you will also be able to trade smaller quantities of GBC than are usually available in physical gold at the gold seller. - Moreover, you are supporting a development that could reduce the general price risks on the altcoin markets and instead enhance the opportunities for investors and developers. This might lead to a broader acceptance of cryptocurrencies in the society. What will happen after the book building is closed? When the book building has closed, our team will make a calculation to find out which price level contains the highest order volume. The result of this calculation will be the book building price at which the Gold Backed Coins will be sold. If you offered a higher order price, you will be served at the cheaper price. If your order price was lower, we will send back your BTC (unless you chose to let them take part in the following book building). In the next step, we will send your Gold Backed Coins to your Ripple wallet. We are looking forward to serving your order! You can submit your order here: http://www.gbc.is/order If you have any questions or problems, don't hesitate to contact us at support@gbc.is! Title: Re: [ANN] Gold Backed Coin Post by: Cryptocurrency_forum on April 11, 2014, 10:06:54 AM Cold be good. Lets see. :o
http://i243.photobucket.com/albums/ff122/paladin64/white_zps37a6878a.png (http://cryptocurrencymillionaire.com/forum) Title: Re: [ANN] Gold Backed Coin Post by: Goldbacked Coin on April 11, 2014, 03:23:15 PM XRP giveaway for our users: http://www.gbc.is/givexrp
Title: Re: [ANN] Gold Backed Coin Post by: 451307758 on April 11, 2014, 03:34:35 PM Some people give me some advice?
Title: Re: [ANN] Gold Backed Coin Post by: Goldbacked Coin on April 11, 2014, 03:55:09 PM Some people give me some advice? please find more information on our info page http://www.gbc.is/info and in our faq http://www.gbc.is/faq Title: Re: [ANN] Gold Backed Coin Post by: Davidbc on April 11, 2014, 04:41:40 PM In the event that all coins are sold how will you get 37 tons of gold?
Title: Re: [ANN] Gold Backed Coin Post by: Goldbacked Coin on April 11, 2014, 04:47:54 PM In the event that all coins are sold how will you get 37 tons of gold? we are not backing in advance but we are backing the Gold Backed Coins in the moment they are sold. market demand defines the amount of coins issued and backed. the underlying concept of GBC enables us to deal with small amounts as well as with bigger amounts Title: Re: [ANN] Gold Backed Coin Post by: Davidbc on April 11, 2014, 04:49:40 PM If you sold all the coins at this very moment, how would you get 37 tons of gold? I can imagine getting small amounts of gold, but 37 tons?
Title: Re: [ANN] Gold Backed Coin Post by: freequant on April 11, 2014, 05:30:38 PM Potential scam warning: read original introduction thread: https://ripple.com/forum/viewtopic.php?f=3&t=6314
Title: Re: [ANN] Gold Backed Coin Post by: Goldbacked Coin on April 11, 2014, 05:36:47 PM Potential scam warning: read original introduction thread: https://ripple.com/forum/viewtopic.php?f=3&t=6314 ad ripple forum: verbal attacks of people with imo quite possible relationship to an iou gold seller and who are willingly ignoring the huge difference between price guarantee and redemption service may not be taken as serious as other critics in this respect. you should take that into account as well. Title: Re: [ANN] Gold Backed Coin Post by: ymer on April 11, 2014, 05:44:16 PM What kind of stupid shit is this? lol I will check back in a few months when people are crying that they lost their money.
Title: Re: [ANN] Gold Backed Coin Post by: Goldbacked Coin on April 11, 2014, 05:47:15 PM If you sold all the coins at this very moment, how would you get 37 tons of gold? I can imagine getting small amounts of gold, but 37 tons? sorry, i don't get your point. why do you talk about this potential figure as if it would be the most possible amount of coins issued...? Demand will define the number of coins. and why should GBC sell all gold at the same moment? have you ever experienced that all bitcoin holders sold all of their coins within a moment? GBC offers a price guarantee and we are ready to buy back any amount of GBC if necessary. We can do that because every coin will be backed by the same amount of gold which will be deposited in switzerland. please read through our website and you will have a lot of questions answered: http://www.gbc.is Title: Re: [ANN] Gold Backed Coin Post by: Goldbacked Coin on April 11, 2014, 05:54:38 PM What kind of stupid shit is this? lol I will check back in a few months when people are crying that they lost their money. it seems you did not read through our website or you did not try to understand GBCs concept. please inform yourself in our faq in order to become equipped with reasonable arguments pro/con: http://www.gbc.is/faq Title: Re: [ANN] Gold Backed Coin Post by: ymer on April 11, 2014, 06:35:33 PM What kind of stupid shit is this? lol I will check back in a few months when people are crying that they lost their money. it seems you did not read through our website or you did not try to understand GBCs concept. please inform yourself in our faq in order to become equipped with reasonable arguments pro/con: http://www.gbc.is/faq Your FAQ is full of poop. Title: Re: [ANN] Gold Backed Coin Post by: Goldbacked Coin on April 11, 2014, 07:09:12 PM Quote Your FAQ is full of poop. arguments would be helpful to make others understand your "opinion". Title: Re: [ANN] Gold Backed Coin Post by: ymer on April 11, 2014, 07:25:13 PM Quote Your FAQ is full of poop. arguments would be helpful to make others understand your "opinion". 1 Poop = 1 Poop Title: Re: [ANN] Gold Backed Coin Post by: Goldbacked Coin on April 11, 2014, 07:28:02 PM Quote Your FAQ is full of poop. arguments would be helpful to make others understand your "opinion". 1 Poop = 1 Poop thank you for the clarification Title: Re: [ANN] Gold Backed Coin Post by: Mortimer452 on April 11, 2014, 07:31:24 PM Neat idea, but I'm not sure I understand the point.
If you're looking to invest in gold, just buy gold, or gold stocks like the publicly traded GLD. What advantage does this investment system have over doing either of those? Title: Re: [ANN] Gold Backed Coin Post by: papersheepdog on April 11, 2014, 08:09:11 PM Quote - In case the market price of GBC on the GBC/BTC market were to drop below the backed value and no other investor were interested in buying the coins for less than the value they inherently hold, GBC would intervene on the market and buy back the coins. I am also offering a service. Send me gold and I will also intervene in the market if GBC runs off with the loot... Yeah I'm going to poke fun at this announcement as central backing of a crypto-currency misses the spirit of the technology. Title: Re: [ANN] Gold Backed Coin Post by: Goldbacked Coin on April 11, 2014, 08:11:11 PM Neat idea, but I'm not sure I understand the point. If you're looking to invest in gold, just buy gold, or gold stocks like the publicly traded GLD. What advantage does this investment system have over doing either of those? the crucial point is that GBC is not gold but it is a cryptocurrency SECURED BY gold. the advantages of GBC are listed above. Title: Re: [ANN] Gold Backed Coin Post by: Goldbacked Coin on April 11, 2014, 08:22:32 PM Quote I am also offering a service. Send me gold and I will also intervene in the market if GBC runs off with the loot... Yeah I'm going to poke fun at this announcement as central backing of a crypto-currency misses the spirit of the technology. we have been working on this project for over a year. and, in contrast to several other developers of altcoins, we have revealed our identity. the truth is that "running away with the gold" would be very counterproductive. don't you think so? Title: Re: [ANN] Gold Backed Coin Post by: Mortimer452 on April 12, 2014, 07:02:03 AM OK, so let me make sure I'm understanding this correctly:
- The coin cannot be mined, it can only be purchased on the Ripple network for BTC - Presumably, the price of 1 GBC will be somewhere around 0.3 BTC, which would be roughly $130, or 1/10 oz gold at current spot price - For each 1 GBC sold, devs will acquire 1/10 oz of gold and stick it in a vault or something to "back" the value of the coin Assuming the above does actually happen, GBC will indeed be 100% backed by real, physical gold. If and when the price of GBC falls below 1/10 oz gold at current spot price: - "Intervention" will occur and the physical gold reserves will be used to guarantee the price stays above BTC value of 1/10 oz gold The problem is, to do this, you must use BTC to buy GBC and force the price back up. But you don't have BTC. All you have is physical gold, remember? Every 0.3 BTC you gained from the sale of GBC was used to purchase physical gold, right? Title: Re: [ANN] Gold Backed Coin Post by: Goldbacked Coin on April 12, 2014, 08:23:11 AM OK, so let me make sure I'm understanding this correctly: - The coin cannot be mined, it can only be purchased on the Ripple network for BTC - Presumably, the price of 1 GBC will be somewhere around 0.3 BTC, which would be roughly $130, or 1/10 oz gold at current spot price - For each 1 GBC sold, devs will acquire 1/10 oz of gold and stick it in a vault or something to "back" the value of the coin Assuming the above does actually happen, GBC will indeed be 100% backed by real, physical gold. If and when the price of GBC falls below 1/10 oz gold at current spot price: - "Intervention" will occur and the physical gold reserves will be used to guarantee the price stays above BTC value of 1/10 oz gold The problem is, to do this, you must use BTC to buy GBC and force the price back up. But you don't have BTC. All you have is physical gold, remember? Every 0.3 BTC you gained from the sale of GBC was used to purchase physical gold, right? quite correct, but: our initial bookbuilding lasts until april 22. everyone can hand in their order. in the meantime the gold price fluctuates. the book building price is a result of the orders of the investors and not of the gold price itself. yes we deposit the gold and not the btc. in case the market price of GBC on the GBC/BTC market within the Ripple network would have been dropping below gold backed value and stayed there, we would sell gold and buy back GBC with the appropriate amount of BTC. anyhow, we believe that this will not happen very often. there is a lot of incentive for the investors to sell GBC for a higher price, and less incentive to sell GBC for a price less than the value the coin inherently holds due to the gold backing Title: Re: [ANN] Gold Backed Coin Post by: Goldbacked Coin on April 19, 2014, 09:27:25 AM The local time when the book building will close on April 22 is:
Los Angeles, San Franciso,Vancouver 6:00 Denver, Salt Lake City 7:00 Chicago, Dallas 8:00 Miami, New York, Washington 9:00 London 14:00 Berlin, Paris, Zürich 15:00 Athens, Istanbul, Tel Aviv 16:00 Dubai, Moscow 17:00 Delhi, Mumbai 18:30 Bangkok, Hanoi, Jakarta 20:00 Bejing, Hong Kong, Shanghai 21:00 Seoul, Tokyo 22:00 We are looking forward to serving your order! Your GBC Team Title: Re: [ANN] Gold Backed Coin Post by: Goldbacked Coin on April 19, 2014, 10:27:53 AM you can order here: http://www.gbc.is/order
Title: Re: [ANN] Gold Backed Coin Post by: Goldbacked Coin on April 19, 2014, 11:58:36 AM register for an account here: http://www.gbc.is/register
Title: Re: [ANN] Gold Backed Coin Post by: Goldbacked Coin on April 19, 2014, 02:27:27 PM Article from cryptocoinsnews in German language.
Title: Gold Backed Coin could revolutionize the crypto scene http://www.cryptocoinsnews.com/de/bitcoin-neuigkeiten/gbc-gold-backed-coin-konnte-die-cryptoszene-revolutionieren/2014/03/28 Title: Re: [ANN] Gold Backed Coin Post by: Goldbacked Coin on April 19, 2014, 03:42:00 PM An article in Polish language about GBC:
http://comparic.pl/listings/bgc-pierwsza-kryptowaluta-zabezpieczona-w-zlocie/ Title: Re: [ANN] Gold Backed Coin Post by: Goldbacked Coin on April 19, 2014, 06:29:16 PM Someone in China wrote about Gold Backed Coin:
http://www.chinabtcc.cn/qt/2014-04-02/2893.html Title: Re: [ANN] Gold Backed Coin Post by: Goldbacked Coin on April 20, 2014, 04:35:18 PM Recent report about GBC:
http://coinjoint.info/gold-backed-coin-austria-based-swiss-banked/ Title: Re: [ANN] Gold Backed Coin Post by: nextgencoin on April 29, 2014, 06:59:42 PM SCAM... 99,9% ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D just looking at the logo screams it's a scam. Sad really cause someone should make a gold or another precious metal back coin. Even if the value was a very small amount in Gold it would have some stability. Title: Re: [ANN] Gold Backed Coin Post by: grizscom on February 13, 2015, 06:11:17 AM Is it scam? How about profit at this coin?
Title: Re: [ANN] Gold Backed Coin Post by: bitkokos on February 21, 2015, 09:53:22 PM Is it scam? How about profit at this coin? Developer Last Active: 20 April 2014 |
