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RE: How the Quint can be worth more than the spot price of Gold

in #bitshares7 years ago

Quint: Wow [insert Qubert emoticon #!@$$$$$#$] precious metals as legal tender. What can I say other than a way to silence all those rants remembering silver certificates. I always agreed with this opinion, but without a solution in sight would rarely comment.

Please note that I am unsure where to best post this comment to receive a reply so a similar comment is on (RE Quint) @stan and @bluerocktalk.

I was hoping that you could expand upon the tax exemption of trading precious metals. Specifically what can and cannot happen within reason? Or what historical precedents are there beyond war time gold confiscation?

Patent, hmm? Makes me wonder, what percentage of cryptos have patents?

Do you expect Quint transactions to move as fast as some of the quicker coins (i.e. Litecoin, Bitcoin Cash)?

Will the Bitcoin Latina cube satellite skyway be useful in the way a Bitcoinian set up an Internet alternative satellite network?

WELL THE FOLLOWING QUESTION DOES RELATE TO THE SPOT PRICE YOU MENTION. Maybe you won't be inspired to comment on this similar post on @bluerocktalk 's post. My focus gravitates to how the world might come together from an easy to use digital--gold. Add as a result add value

Thanks again for helping me get up to speed. Love how open you all are about the working details.

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Lots of great questions:
I was hoping that you could expand upon the tax exemption of trading precious metals. Specifically what can and cannot happen within reason? Or what historical precedents are there beyond war time gold confiscation?

See the white paper at quintric.com

Patent, hmm? Makes me wonder, what percentage of cryptos have patents?

Just a few

Do you expect Quint transactions to move as fast as some of the quicker coins (i.e. Litecoin, Bitcoin Cash)?

Quint transactions will be as fast as BitShares transactions - the industry leader in speed and bandwidth with an average of 1.5 seconds per transaction.

Will the Bitcoin Latina cube satellite skyway be useful in the way a Bitcoinian set up an Internet alternative satellite network?** .

Yes - that satellite network will become the new global beltway for financial transactions - the "Silk Skyway"**

WELL THE FOLLOWING QUESTION DOES RELATE TO THE SPOT PRICE YOU MENTION. Maybe you won't be inspired to comment on this similar post on @bluerocktalk 's post. My focus gravitates to how the world might come together from an easy to use digital--gold. Add as a result add value

You are watching it happen right here

Thanks. Had not heard another currency boast of a patent. And regarding the Internet free satellite network, just wanted confirmation.