Goldman Sachs launches new cryptocurrency

tiddlywinks said:
Thanks Sprout! But no offense, please, keep your day job!!

As for my Crypto Confusion (theres a name for a song!), I have concluded that crypto coins are merely a modern day equivalent of trading cards. It is blockchain that holds the future, not the prospect of an alternative currency, or an alternative payment system.

I have a Mox Jet ,Magic the Gathering trading card. I'd rather have a Wayne Gretzky.

Go Knights!!!
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:D

That's a great analogy!
 
I am still waiting for Amacoin, what I predicted about 5 years ago... Each giant retailers should have their own cryptos...
 
This is actually a smart move, as by convention this crypto will be automatically pegged to currency, thus eliminating speculation, leaving the crypto features to focus on distributed transactional efficiencies instead. It remains to be seen how wide adoption will be, but could possibly out-compete all the instable versions of currently existing cryptocurrencies by such a convention, in the transactional space. Being first to perform this move of stability, could possibly starve interest in other crypto for transactions. Especially so if at the same time offering better security and safer conversions to/from currencies, which at the moment is often done through trusted third parties via BTC.

A remaining weakness lies in pegging it to the dollar, which is but one FIAT.
 
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