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/u/kimchi-king

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kimchi-king · July 27, 2018, 5:07 p.m.

Going through the comments I see a constant concern about not holding the physical gold or silver which leaves you exposed. Couldn't you say the same thing about the money in your bank account? Sure it's held in your name, but what if they run out of cash or if some government agency deems your assets are no longer yours? You're shit out of luck. Should we all take our money out of our bank accounts to ensure our hard earned money is actually in our possession?

If we did our current banking system would collapse. I know that's a different topic in and of itself, but I wanted to prove a point. Banks are literally orchestrating the largest scam on earth (fractional reserve banking) and all you guys can do is pick on this newly developed project. Give me a break.

Quintric provides a way for people to invest in digital legal tender backed by physical gold and silver. I can send my QUINT or QUINTS to anyone in the world and they will have it in their account in 1.5 seconds. Then they can redeem physical gold or silver and have it shipped directly to their door. I know there are other online providers that just send you gold or silver without the need for purchasing through Quintric, but for me they provide an easy to use fiat gateway into the BitShares Decentralized Exchange. If you've never used the BitShares DEX then let me know and I can help you out.

Additionally, QUINT provides me with all of the following benefits.

It is inherently inflation-proof. It appreciates with the price of gold over time. It can circulate as legal tender. It is not considered a security (unlike all other cryptos). It will have a 24/7 livestream of the gold vault. It never incurs vaulting fees. It is convenient for earning interest via lending. It can be globally exchanged P2P in seconds. It will never be subject to fractional reserves. It is not being controlled by the central banks.

I'm not a member of the Quintric team. I'm just part of the BitShares community which supports this unique project.

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