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Precious metal stores in tubecoin

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Uploaded by on Jan 10, 2009

The way the precious metals could have a role in the tubecoin share exchange system. The disconnect between the owner of the gold and silver bulion and the owner of the centigram or milligram shares is one of the challenges, but can essentially be resolved by saying that centigrams and milligrams can only be converted to whole coins or bullion if the requested type is available in the store. That way there will always be a perfect one on one relationship between the grams in circulation and the grams in store, which is also very easy to check.

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  • So what did you come up with? Can you show me something? I'm getting curious ;-)

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  • The bank stores should take a storage fee in order to encourage share movement as well as cover the real costs of storage.

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