“We’re going to be denominated in our balance sheet in gold,” says Henry McPhie, CEO of StreamX. “Rather than fiat currency, our balance sheet will be denominated in gold.” Inspired by MicroStrategy’s Bitcoin playbook, McPhie and his co-founder Morgan Lekstrom have spent nearly three years building a platform to bring the $142 trillion commodities market onto the blockchain. “Our goal really was to revolutionize the commodities industry and bring that market on chain.” Will this revolutionize the gold industry?
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32 Comments
The yield is backed by monetary metals, with over 70 leases closed and never any default! Gold is how the world have been financed for decades, this is nothing new, just going back to earning interest on your gold, or money, for financing real world production!
JBB
If you don’t hold it, it’s not yours.
It’s just a claim. Someone else’s liability.
sounds like another FTX. Where does she find these people?
Nope nope nope enough you psychos
Just another ploy to gain power, the upper hand. Scammer. If YOU don’t hold it YOU don’t own it.
Sounds like confiscation
Has anyone thought about tokenizing air? It's composed of nitrogen (78.08%), oxygen (20.95%), argon (0.93%), and carbon dioxide (0.04%). The components are finite, while they may vary from period to period, they can not be counterfeited.
How much of the 1.1 billion has been funded?
Easy???? Buying crypto isn’t easy Henry McPhee.
NOPE
How’s it different from kinesis?
Young people don’t buy Gold because crypto is cheaper and more profitable.
A “New standard in cardiac care.” Ticker BSMG ?
Sorry Daniella. This guy is part of the problem.
Tokenize= piece of worthless paper or a number in a computer, still worthless.
😆Fiat Gold
I've heard they plan to tokenize ALL assets, which is not a good thing, IMO. Could this be the beginning of that?
Why buy a token when you can buy the real thing…?
all craptos are part of the bigger fool theory
bsgm?
Hilarious
Good Lord really … I've got a better idea then this nonsense ..
Goldcoin > Bitcoin.
Forgive my stupidity but is this similar to an ETF except you would actually have a legit claim on physical metal held by StreamX?
If not, how is this different from an ETF?
Kinesis has gold and silver backed crypto tokens already with an exchange for major currencies (USD, EUR), crypto (BTC, ETH, XRP), and their gold and silver backed crypto (XAU, XAG).
If you don’t hold it, you don’t own it. No thanks.
They are not the first company to do this
He said he and his buddy got billionaires to invest in their idea. Let them test the waters to see how this idea goes. If you don’t hold it you don’t own it.
Thanks alot, got it👍
young fools buy BTC….sad
I saw a nice pair of legs and a breathtaking dress …
Turned off the volume .
😭
A fool and his money are soon parted. ~ Proverbs 12:20