Is Blockchain A Gold & Silver Launchpad? - ZeroHedge

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This article makes an extremely interesting point about how paper receipts for precious metals were abused by making more of them than there was actual metal in the vaults - i.e. paper promises, futures contracts, derivatives etc.

However, by using smart contracts based on something like Ethereum, "without the possibility of downtime, censorship, fraud, or third-party interference" - (ethereum.org), there could be a way of integrating physical precious metals to the convenience of transacting digitally.


http://www.zerohedge.com/news/2017-05-13/blockchain-gold-silver-launchpad
 
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