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RE: Lode coin ?

in #steemsilvergold7 years ago

Im not convinced 100% on this one, I listened to a David Morgan report about it, and it is interesting, but it is also a huge gamble! My 1 issue is that someone is generating or mining the blockchain tokens in the background, but you buy tokens and it is represented by the USD value of 1.85g silver or 1g gold.

Do the tokens in the background exist? can these folks sell them one day and rake in a profit while it crashes the rest, with no physical asset backing those tokens? These are my questions for now, I may throw a few LTC at it and see... If it works, it should be a stable crypto until the silver price goes way up.

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yea, the theory is great but getting it to work ...thats the problem