Karora Resources Inc T.KRR

BRICS coin

[Symbiotic]

BRICS coin already available...., by Linefux. I don't know but? Apparently an exchange rate of 1to 55 USD. No mention of gold backing but it sounds more like a blanket into which sovereign currency's can convert. I suppose a sovereign currency could back with gold to index more favourably to the blanket currency. If the US were to print to unfairly acquire more the exchange rate would or should reflect that and become a Zimbabwean note relative to the blanket and other more responsible currencies as well via exchange rate. Interesting but certainly questions remain. Oh well.

[MaterialsMan]

Symbiotic, You may have opened kind of a can of worms with this BRICSCoin thing. I've been searching the net since I saw your post this morning, and find it difficult to get any kind of a handle on what this is about. As near as I can figure, some entities are trying to capitalize on the hype surrounding the possibility of the BRICS nations coming up with a common currency. There are now

[Symbiotic]

My post was 11:06 PM not in the morning, perhaps you are in a different time zone and it was morning there?

[Symbiotic]

And what would be the payoff for said" scam". I know you don't get it, you are thinking either or and unbacked "crypto ". The concept is backed or underpinned by the participants and their "sovereign " currencies and that which is under them. Notice the acquisition of energy producers, commodities, gold etc? It isn't either or as a proposition. Notice the 1 to