The Lode Coin Project | Token-izing Silver on the Blockchain | Anarchapulco 2018

in #dtube5 years ago


Silver on the Blockchain? Is it even possible? What would it be like?



The State of Anarchy has an answer for that, it's already here!

Carmen Carangi (@chickencaam) Interviews Martin Prescott of the Lode Project, which is a token based blockchain that is actually backed by Physical Silver!

That means that as a token holder, you hold a share of the value of the entire Lode Project, but you have the luxury of their token actually being backed by a decentralized network of Silver owners who have put their silver on the Blockchain! The token can at any time be redeemed for it's worth in Silver, creating a powerful new approach.

This takes the concept of owning silver as a fail-safe hedge against an economic collapse, and instead turns it it to a Crypto-Token that is 100% backed by Silver, making it into a powerful investment that can yield much more dividends for the holder!

Martin explains it all at Anarchapulco 2018 with The State of Anarchy!



What is really powerful is that when the Crypto Market experiences a crash, the Tokens like LodeCoin that are backed by a tangible, physical asset are more stabilized during the price fluctuations!

Knowing that the token is actually tethered to a precious metal is great peace of mind for the people who are off-put by the Crypto's early volatility.

If you are a Silver Holder, and your frustrating with the price manipulation and the lack of financial gains from holding Silver, than the Lode Project might be exactly what you're looking for to create continuous value from your physical assets!

You can find out more about The Lode Project by visiting their Website at https://www.lode.one/



PS: Check out Carm's shirt! East Coast Float Spa is a Sensory Deprivation Experience that allows humans to experience the magnificence of absolute stillness! It is also one of the most powerful healing modalities in the world today!

Go check out their website at https://www.eastcoastfloatspa.com/


Instagram: @thestateofanarchy
Website: http://thestateofanarchy.com/
YouTube: http://bit.ly/TheStateofAnarchy
Statebook: http://bit.ly/TheBookofAnarchy
Steemit: @SonnyMazzone @chickencaam @PatrickALeach

TSOA orb wings banner.png

Bitcoin: 17w77NVmtTxj78d1Dnx3vh5FjwHvzpkts8
Bitcoin Cash: qzvxljvm82hywnrsdv6vqd9m2zjj207y65fc04f2w5
Binance: 0x49e06218d5D05923F0e442265cD2A419D4d17C4D
Dash: XqVzxHF6wi1F9uA8vc8hhWZFyqLgjZCbH7
Ethereum: 0x49e06218d5D05923F0e442265cD2A419D4d17C4D
Lisk: 13974177123382109591L
Monero: 458xXh879UPVHNjDmShgPXPtHbYdCVBSE5L5kZ1CnJYuMGLNqZiGPqB9XDSms5RqVBjHNfgxMfo6d6oNjFYKEG1iA7UmRp3


▶️ DTube
▶️ IPFS
Sort:  

Silver on a blockchain is awesome, but you can't use it as money.. The government won't allow you to use it as money without hitting you with an extra tax. You need to use government-issued coins for a metals blockchain to be viable. Lode is pretty cool for most countries but citizens of the USSA won't be able to use it unfortunately:/

Can you explain how? Technically after you convert your Silver for LODE and then trade the LODE, the LODE Coin itself isn't actually a precious metal? So any moves that you make would be like sending Bitcoin?

LODE then just offers to trade silver for LODE at any given time. Are you picking up what I'm putting down? What are your thoughts?

If it's backed by Silver it's a commodity, and therefore every transaction is taxable for capital gains, just like Bitcoin. If you use the government-issued coins however, it's considered legal tender and has the same status as the dollar. The rest of the world can use them, but the US has some crazy convoluted financial laws. On a public blockchain that can be traced, you need that legal certainty if you don't want to get raided by the alphabet boys. Sucks, but that's how it is in the US. I believe Quintric, Upma, and anthem are the only ones doing this right now, but I think they're the models for how it's going to look in the future.

Wow, yet another reason why Anarchy is the only practical and moral kind of society1

Thanks for your input!

Very true, and no problem! Love the work you guys do. Looking forward to Mark's video podcasts

Hell yeah. WOEIH RETURNS!

On top of that, Mark and I are producing his newest work on Natural Law! Plenty of powerful stuff coming from the Team!

Oh right on! Can't wait to see it all. Also I just realized Anthem doesn't have the legal tender Gold, so my bad there. If you decide to sign up for Quintric though I'd really appreciate it if you'd use my link! I'll just put it here for you: https://escrow.quintric.com/#/register/MakeMoneyGoldAgain

Congratulations @stateofanarchy! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :

You got more than 50 replies. Your next target is to reach 100 replies.

Click here to view your Board
If you no longer want to receive notifications, reply to this comment with the word STOP

Support SteemitBoard's project! Vote for its witness and get one more award!

Coin Marketplace

STEEM 0.35
TRX 0.12
JST 0.040
BTC 70557.88
ETH 3560.83
USDT 1.00
SBD 4.75