Jeremy Cady on Nostr: The only way to easily trade with gold is to use certificates. Certificates require ...
The only way to easily trade with gold is to use certificates.
Certificates require someone to hold a reserve and print the certificates.
One must trust the the holder will only print certificates equal to the amount of gold they hold.
Historically, this has NEVER happened.
Published at
2025-02-19 15:16:33Event JSON
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"pubkey": "125c39d113f951bfabf319edbe8c0d834a4fe7dfa0d8c3d42313d17900f3c8c7",
"created_at": 1739978193,
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"content": "The only way to easily trade with gold is to use certificates.\n\nCertificates require someone to hold a reserve and print the certificates.\n\nOne must trust the the holder will only print certificates equal to the amount of gold they hold.\n\nHistorically, this has NEVER happened.",
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