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Author Topic: [2016-09-10] Could Blockchain Reawaken Gold's Role as a Payment?  (Read 180 times)
trinaldao
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September 10, 2016, 01:26:38 PM
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The report, Micro Gold: Assessing the Use Case of DLT and Physical Gold, determined that the blockchain could transform the way gold is utilized as a form of currency, delivering the benefits associated with bitcoin.

According to senior analyst in Celent’s securities and investment practice, John Dwyer, a currency needs to have three qualities, reports EuroMoney. These are a store of value, a medium of exchange, and a unit of account for valuing goods and services.

https://www.cryptocoinsnews.com/blockchain-reawaken-golds-role-payment/

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September 10, 2016, 09:45:43 PM
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Blockchain or no blockchain, gold can't be used as money anymore in this digital age because it is not light, it's heavy. Money has to be light for easy transport.
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