1,
YOu would need X-11 or something other than plain scrypt. The ASICs would have a field day with this.
Please explain for a nab what X-11 and ASICs is.
I don't get it. We would be mining an alt coin that is redeemable for the gold? Why would anybody give their gold for this project?
The gold would act as a bottom price. Say you pre-mine 10% and hold it for yourself to sell off while People are buying in raising the value Equal to the gold. And then it would, most definately, og Beyond the actual Worth of the gold. It's like a double Investment/Security.