Topic is not about any particular coin but about a particular topc that is eGold and its relation with digital currency. That is why I created this thread here since its more about economic stuff

XNF-NoFiatCoin is a digital currency which is backed by bullion, gold and silver.

Is this another kind of eGold?

XNF-NoFiatCoin is gold backed digital currency. A first of its kind which can be redeemed for actual gold and silver. Look, there is a huge demand for digital currencies in the market. People want to avoid complicated and costly banking system. Having a gold backed crypto currency XNF-NoFiatCoin is always good.

Mining bitcoin makes much more sense than investment.

Think that even if bitcoin price come down but it will be worth for something and since you would be mining them so at least somewhere you will make profit.

My recommendation> Go for mining if instead buying it.

I am NOT talking about price crash. I am talking about catching the bus early to reap profit later as in case of various cryptos like dogecoin, XNF-NoFiatCoin or PPC. Many believe bitcoin is a ship already sailed.  

Thanks for settling the dust  but is it wise to invest your digital currency money in gold? Returns in gold are no way comparable with a digital currency's returns. Its better to invest in other digital currencies like litecoin or even XNF but only after evaluation.

Bitcoin should set aside some funds to donate to NGOs working on green projects.

I agree with your view point to diversifying the investment but I failed to understand how making an investment in XNF is like investing in gold because XNF is backed by gold by only 1/3 secondly, by investing in XNF people will invest in XNF not in gold. I think its the value of XNF will will matter the most not in any other ways.

Please educate yourself before shooting something off your mouth.

In Internet slang, a troll (/ˈtroʊl/, /ˈtrɒl/) is a person who sows discord on the Internet by starting arguments or upsetting people,[1] by posting inflammatory,[2] extraneous, or off-topic messages in an online community (such as a forum, chat room, or blog), either accidentally[3][4] or with the deliberate intent of provoking readers into an emotional response[5] or of otherwise disrupting normal on-topic discussion

http://en.wikipedia.org/wiki/Troll_(Internet)

I agree with the original post (Answer to you too) which says- Mining is waste of computing power, energy and the possibility of a mining pool taking control of the market by acquiring 51% of all available mining capacity. There are millions of people who are into Bitcoin mining which consume so much electricity, efforts and investment in hardware.

And I support pre mined currencies like XNF-NoFiatCoin

May be bitcoin can also be made a pre mined in future believe everything is possible.

Do you think the ratio of NO GREEN in gold mining and bitcoin (mined currencies) will be equal?

I guess the ratio will be 1:100 (Gold:mining digital currencies)

Exactly! That is why i believe bitcoin should be made a pre mined digital currency like XNF-NoFiatCoin

People can be involved better ways with it

I find this to be shared here-

XNF can now be exchanged for Bitcoins (January 28, 2014)

Starting January 28, 2014, everyone can now exchange BTC for XNF, even without an active ripple wallet, through direct payment to NoFiatCoin's Bitcoin wallet

http://www.nofiatcoin.com/announcements.html

XNF-NoFiatCoin is a digital currency backed by bullion which can be redeemed at anytime. Should bitcoin also be backed by bullion in future so that it can attract more and more people?

I don't know but one thing is for sure that in today's time, nothing is impossible, so having a system to deliver 2kg gold is not impossible and as i mentioned already companies like XNF-NoFiatCoin is already doing it. So replicating the model should not be a problem.

There must be some way to work it out. There is already a crypto XNF-NoFiatCoin which is working on the idea.

See, There are sets of people who never accept bitcoin because its not associated by something real or tangible or some organization. Every now and then we hear some negative news with respect to bitcoin. So, I believe it would be a fantastic idea to make bitcoin settled permanent by backing it with something like bullion just as in case of XNF. Gold has always pulled people and considered as a safe investment. So backing bitcoin with gold will be boost the confidence of people.

Backing a crypto currency with bullion (XNF-NoFiatCoin; bullion backed digital currency) makes it more acceptable or settled than a crypto without backing.

I saw someone saying- Ripple is the best way to legalize bitcoin  

Here is what the guy said-

Ripple is simply amazing!!

If you don’t know, Ripple is actually 3 different things…

1. It is an internet protocol (like FTP, HTTP, etc.) designed for the sole purpose to federate existing financial systems the same way SMTP brought all the different email companies under one umbrella.

2. It is a market place that allows for the exchange and sale of fiat and crypto currencies. 

3. It is a currency created, not to hold value, but to lubricate the system. By charging .00001 XRP per transaction …. on a scale that proportionally increases to the volume of transactions the sender creates…..it prevents spam and defends against denial of service attacks.

Yeah but as i mentioned earlier, XNF is traded on ripple which will be biggest hurdle for them. Ripple is centralized network and people don't like it specially bitcoiners!

People are keeping away from Ripple because its is controlled by someone and is not a complete decentralized.