Topic: [ANN] GOLD - First 100% Liquid Stablecoin Backed by Gold - page 41. (Read 31522 times)

Thanks for publishing the price chart of gold. It is the right time for a bounce, isn't it?

The global population and human civilization change to the Digital era. The creation of bitcoin one decade ago is a true catalyst for the digitalization growth. From paper cash to digital cash or more advanced with decentralized cryptocurrency. From physical gold to digital gold.

The pandemic shows the fact that working online as freelancers is the best for people. People can work everywhere that has good Internet connection. The rest are knowledge preparation, practice and join the online market. Honestly, I like the way our world changes last decade. I don't have to go to jewelry stores to sell my physical gold bars. And with digital GOLD tokens, it become more easily.

When real gold becomes a flatliner there is not much to talk or to be excited about and we can see that discussion slowed down a bit in this thread.

So I thought, I will start a new one on the topic: What keeps institutional gold investors/traders from using tokenized gold instruments like GOLD token?


https://goldprice.org/gold-price-chart.html

This is the beauty of GOLD token and Digital Gold project that it follows the real gold price no matter what, additionally, being fully backed by real gold.

I think that sonner or later majority of investors and institutional money involved in real gold price speculations outside the crypto market will finally end up here trading tokenized gold using GOLD token.

Everything is evolving very fast, when only the crypto market becomes more regulated (despite nobody want's this), then it will be safe and easy accessible for large players.

If they like to trade and own real gold using available instruments on the regular markets, I am sure they will just love the flexibility of GOLD token.

I assume that the only thing with keeps them out of this market is the lack of regulations.

Dear blue Snow,

Thanks for your participation.

The website is up. We had some technical issues. Now everything works fine.

Regards,
Support Team @ Digital Gold
https://gold.storage

I am accessed website without problem.

Thank you GOLD_official I received my third payment. I am glad to be here.

The website is now accessible. The problem has been solved.

Yes, we have also the same problem, the Digital Gold team knows about this issue and already is working on it, but they don't know any estimates as for now.

I have talked with our campaign manager, just a few minutes ago on Telegram.

For sure we will see some announcements if this will take longer and if not, then I am sure that the Marketplace and other websites will be back online ASAP.

PS
To be funny I just wanted to publish a post, how I successfully exchanged yesterday my GOLD tokens from bounty for 50 cents in ETH fees in an almost instant transaction, after the last disaster.

When I wanted to publish Leviathan.007 contacted me about the problems - "life is brutal"  .

The official website won't load for me, do you people have the same problem?

Our website contains links to the advisors of the Digital Gold project. There are not our team members. They advise different projects and of course, you can find their photos on dozens of websites.

Regards,
Support Team @ Digital Gold
https://gold.storage

Maybe he means some fake ANN thread? There were awful numbers of fake ANN thread lately try to fool users with links to a fake site or git. Waiting for more information from thermozz if what he said is true.

Can you please be more specific. Which portal are you talking about and i try to investigate?
Maybe some copycat is out there given the success of gold.storage

This is exactly why I have always used Coinbase because I thought it's an established business with a lot of trusts.
Until now, I had no problems and never used their support, but I was 100% sure they provide great service to their clients because I've never heard any complaints (besides the high fees).

Of course, I was wrong and when you start to search the internet properly an overwhelming amount of complaints from their clients start to pop up.
I thought Coinbase is a leader in this market and so long in the crypto space that already developed the best standards when it goes to support.

I was so wrong, it's not easy to contact them, they answer to emails after days and with an automated response (which has almost nothing to do with my problem), when I call them it takes hours to get somebody on the line and even if I was lucky, the connection was so bad that I couldn't hear and understand anything the agent says, probably he wasn't native English speaker.
I think all of this is made on purpose to make us not willing to use their support, now and in the future. It's obvious that I would avoid it after such a first experience.

Other exchanges and even crypto projects like Digital Gold offer live support, if they can afford this then I'm sure Coinbase can too, but this isn't their intention obviously to help us.
For me, this is the end with Coinbase and I'm happy that I lost only 300$ because many people lost a lot more and they couldn't avoid it.

As @wwzsocki posted, there's a better chance the daily fees will completely eat up those funds than Coinbase Pro move a finger to help out one of their customers...

Quite sad and hopefully (sooner or later) people will start looking more carefully for businesses with this kind of behavior and avoid them. The ecosystem has grown and there are other options too nowadays...

I understand that the token is still in his coinbase ETH deposit address but he makes a statement that "I thought that maybe one day when they list GOLD token on Coinbase Pro, I'll get them back, but this isn't true because I've read on Reddit that even after listings people didn't get those mistakenly send balances back. "

Coinbase hasn't moved tokens sent to the wrong address. As already stated by wwzsocki, those GOLD tokens are now in his Ethereum deposit address.

An advise to you mate.
Just leave the exchange and use others exchange site that make client problem their top priority because if they cant help client with coins sent to wrong address they should atleast leave the coins in the wallet so that the client can get his coin in future when the coins mistakely send is list on their platform which prove they are doing all this in purpose.
About Idena, I think the team need to do some correction about their wallet address in the future to avoid further misconception.
Sorry for your lost.

Of course, I know it's my fault but still, I think I can be angry on Coinbase, or at least disappointed because as a client I tend to be treated differently.

They don't do anything to help in such a situation and on other exchanges its possible, even in a lot worst cases than mine. Of course for a high fee but still, they give a possibility to get at least something back. I know because my friend did the same mistake (to be funny on the same day and with almost the same USD amount) only his case was worst because he send IDENA to ETH address and it is not an ERC 20 token, but still luckily compatible with ETH network. The exchange agreed for a high fee to reverse this transaction, despite it's not an easy case because they also don't support IDENA and were not sure if this will be even possible at all. This is the kind of support I would expect to see on Coinbase and not on an exchange called scammy.

I thought that maybe one day when they list GOLD token on Coinbase Pro, I'll get them back, but this isn't true because I've read on Reddit that even after listings people didn't get those mistakenly send balances back. Additionally, there was one case described, where somebody mistakenly sent all ICO tokens to the wrong Coinbase address and they had to swap them later (causing insane problems and delays for the project) because didn't get any help from Coinbase support.

That's why I am angry and think that I can be angry and have all the reasons for, because if this is possible on other exchanges, then for sure it could be also possible on Coinbase.
I understand all problems with: security of keys, cold wallets, that it is not listed yet, etc, but still, we are clients and from what I know this happens every day that people send cryptocurrencies mistakenly to wrong exchange addresses.

If something happens, again and again, no matter what, then it seems that something is wrong and they should do whatever they can to help you, but believe me it doesn't look like this.
It rather looks like that they don't give a f... about us, their clients.


This is exactly the procedure I do when sending transactions or dealing with cryptocurrencies.

In almost 10 years, I have done only one mistake exactly at the moment when I skipped my "triple-check" formula for the first time.


I know because I have already talked with Digital Gold support using the live chat on Marketplace (which is a great tool) and already got my answers.

I got more support from the Digital Gold team than from Coinbase and this is why I am so disappointed with them.

Tripple checks:

- Check on the platform A on which you withdraw or make a deposit.
- Check a few first and last characters.
- Double check to the partnered platform B that will receive the coin or token you withdraw from platform A or on platform B you will make a deposit to platform A.
- Tripple check on email notification and confirmation.
- Sometimes platforms do ask you confirm a second time after you click on confirmation link in email.

So tripple or quadruple checkings. 

Dear wwzsocki,

Sometimes it happens. Please check twice if everything is ok with the transaction. It is sad to read such things, but we can't do anything to the Coinbase now.

Regards,
Support Team @ Digital Gold
https://gold.storage

So sorry for your loss bro, it might hurt to see him wear off little by little rather than disappearing in the blink of an eye. Thanks for sharing valuable lesson. highly recommended always careful in sending tokens, I really avoid to do it in hurry.

That was really sad to read but you can't blame Coinbase Pro for your error even 1%. They have no liability to give back your asset since every centralized exchange service clearly mentions that depositing any asset other than the specified will lead to permanent loss of funds. Moreover, addresses  on centralized exchanges are generated by Hierarchical Deterministic (HD) process. There is high chance that the address on which your GOLD tokens are sitting is one of address of Cold Wallet. In order to retrieve your GOLD balance and send that back to you, they have to bring private keys online which could risk the safety of millions of dollars worth of coins lying on other addresses of the branches.

You would probably have a chance if they supported GOLD token because in that case they may have sent you the balance from their hot wallet. But since they don't support GOLD token on their platform, your chances of getting your funds back is next to zero.