RE:RE:I never doubted the crypto coin ever being created No CSK, these tokens are backed by real Gold so whether the gold is bought or is used to support a block chain token it is still taken out of the market.
Yes crypto trading is very similar to trading junior explorers, hit and miss, first the euphoria then reality sets in. Actually having a block chain token supported by a physical asset makes much more sense as the price will rise and fall in tandem with the underlying asset. The most critical point to this though is setting a par value. You can't produce zillions of tokens without having billions of ounces of AU to back it up. It's imperative each token is equal to xxxx partial grams of gold. Without that equation then the tokens will be meaningless. Because like junior explorers they could be subject to untold dilution ! Back to square one.
The reason Bitcoin has been so successful is its cap of 21 million coins/code. Cunningham need to use the basic Bitcoin blocks as as example of how to run and distribute their tokens. It's going to be very complicated but is do-able. Basically instead of mining code your actually mining Gold which in turn increases the price of the token. For example, let's say 1 token is worth the equivalent of 1/10th of a gram of gold in the ground. As the gold is extracted that token then becomes 1 gram of Gold, so increasing I the price of the token. Which raises demand for the tokens which allows them to issue more and so capture more gold deposits. This is just a basic summary of how to approach a complicated equation.