Bullion Bitcoin - New Animation Video

[pollen_bit]

https://www.youtube.com/watch?v=oWt0MDOf9Ps

[networthsigns]

https://www.youtube.com/watch?v=oWt0MDOf9Ps

This is an awesome idea , is someone working on it?

[pollen_bit]

their platform is live..

[rivoke]

their platform is live..

Is there any thread that discuss this bullion bitcoin. ?
I'm kindda interest with something new and awesome

[Aswan]

Nice Idea but... Where can you exchange the digital to the physical gold? How can it have the same price world wide if it can only be exchanged at one location? Also, are there any costs involved when exchanging it to physical gold? Can this be done anonymously?

[neoneros]

So where can I turn my gold into bitcoin? It is a very limited exchange and who can 100% convince me they do have the gold to back it up?

It smells like a big scam, you think you have your coins in gold, but it is just on paper. The will sell more gold than they have. All in all it is back to where we started and Satoshi started to think this system was wrong.

[jbreher]

For me, too much trust required. Need to trust the physical gold depository. Need to trust that 'digital gold' will not be issued in excess of physical gold. These are big enough barriers for a new entity. But even if all that is on the up&up, need to trust that some government won't come in, guns blazing, and confiscate the gold.

See e.g. Liberty Dollars for precedent.

[LiteCoinGuy]

For me, too much trust required. Need to trust the physical gold depository. Need to trust that 'digital gold' will not be issued in excess of physical gold. These are big enough barriers for a new entity. But even if all that is on the up&up, need to trust that some government won't come in, guns blazing, and confiscate the gold.

See e.g. Liberty Dollars for precedent.

yep. dont trust some people that promise to hold YOUR money/gold/BTC

by the way: search for "e-gold"