The Rock that lead to my Discovery…
All these pictures are from the Rock that lead to my Silver and Gold discoveries…
I’m sure there are other Metals involved…
As you can see from the pictures, something special was happening to create what we’re seeing…
I believe this Ore Sample contains about “6” Ounces of Gold to the “Pound”…
That comes to about 12,000 Ounces of Gold to the “Ton”…
Anyway…
Private Stable Coins in my opinion, will be treated in the same manner that Private Gift Cards are treated and used today…
They will be similar to what I was writing about, years ago…
Just in case you missed those posts, here goes…
There will be Machines where I can drop a few Coins or Silver Certificates into and have Electronic Coinage added to my Gift Card with my own Private PIN Number…
Gift Cards (Private Stable Coins) can only be backed by United States “Electronic Gold” which will be 100% backed by “Circulating” U.S. Gold Coins…
“Electronic Gold” will be denominated in “Existing” Electronic Dollars, Cents and Decimal Cents…
Feel free to question anything I post…
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From the photos it looks like there are a few more metals, but YOU have gold and this is already an excellent find, you're lucky.
I sure like the photos…
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STOPThat 6 oz per pound estimate jumps out, because scaled up it’s 12,000 oz per ton, which is wild and would make old timers spit their coffee.
Did you get an independent assay to confirm it?
On the payments bit, your reload machine idea feels like the gift card kiosks we already use, just with Electronic Gold rails, and that framing makes it feel workable<
If custody is tied to circulating coins, the choke point will be sourcing and auditing flow.
Lets hope the ADmin hurdles don’t crush the user experience.
I’ve been doing my own testing… It’s way too rich to make it official yet… The only way to issue New Electronic Gold will happen as every New Gold Coin is minted… “Circulating Gold Coins” will be in Perfect Balance with existing Electronic Gold… You can use one or the other…
I get the one for one minting idea, it keeps the balnace intuitive. But how do you handle redemptions if > demand spikes and there arent enough new coins ready? If conversion queues or admin checks slow people, the user experience could slip fast.
People will have the choice of holding Gold Coins, or using Electronic Coinage for their day to day spending and paying bills…. I see no problems…