Topic: Cryptocurrency backed by commodity (Read 1014 times)
well the idea is interesting but not sure about this just yet. Obviously their is interest so their is money to be made. I suspect some bubbles along the way is highly likely but long term I'm going to have to reserve judgment until I've learned more.
hrmm
Why the fuck would anyone with real commodities sell them for worthless crypto?
Bitcoin is a crypto..
Why the fuck would anyone with real commodities sell them for worthless crypto?
"Backed by commodity" is a fad like the country coins. There's no truth to it, and any coin trying it will die out.
Cryptocurrency backed by commodity
In the near future you will start to see each alt coin will be backed by certain commodity.
The use (creation) of cryptocurrency backed by commodity will create a fair trade for farmers world wide. History have shown that third world countries were intentionally created to devalue human's labor.
Public notice: The movie "The Help" was one of the few examples of how the slaves strike back at the slave owners in America.
In the near future, you will see cryptocurrency exchange open specially to only trade commodity related cryptocurrencies.
For example:
1 Oil coin = 1 Barrel of Oil
1 Lobster coin = 1000 lobsters
1 Crab coin = 1000 crabs
1 Corn coin = 10000 bushels of corn
As of now, the cryptocurrency's commodity market currently have:
1 Uro = 1 Metric Ton Urea Fertilizer
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Public notice: This list will be updated with newly added commodity related cryptocurrencies.
You may reply to this thread if you know of any.
In the near future you will start to see each alt coin will be backed by certain commodity.
The use (creation) of cryptocurrency backed by commodity will create a fair trade for farmers world wide. History have shown that third world countries were intentionally created to devalue human's labor.
Public notice: The movie "The Help" was one of the few examples of how the slaves strike back at the slave owners in America.
In the near future, you will see cryptocurrency exchange open specially to only trade commodity related cryptocurrencies.
For example:
1 Oil coin = 1 Barrel of Oil
1 Lobster coin = 1000 lobsters
1 Crab coin = 1000 crabs
1 Corn coin = 10000 bushels of corn
As of now, the cryptocurrency's commodity market currently have:
1 Uro = 1 Metric Ton Urea Fertilizer
-----------
Public notice: This list will be updated with newly added commodity related cryptocurrencies.
You may reply to this thread if you know of any.
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