I was listening to @sgtreport last week, episode :Tech insider warns about tranhuminist future. Sean's guest on the show was Brad Peters one of the top software engineers at INTEL, Brad has been warning about the coming changes in society from automation and robotics and the general state of the world economy and actively prepping for it, along with a growing number of other silicon valley tech elites such as ex VP of YAHOO who quit his job and is now living off grid, waiting for the coming storm..There are other reports of big tech players buying massive plots of land in places like new Zealand and Australia and building underground bunkers and homes. Now if these leaders in the industry are worried about things and prepping maybe we should be listening and preparing too.
Brad revealed his new cryptocurrency start up, PRECIOUS COIN, The theory behind this coin from my understanding is it is attached to real investments such as property , new startups, Gold and Silver, companies, anything that is worth investing in and potentially increasing in value. Precious coin takes that business and places ownership of it on the blockchain, with ownership devided through to all coin holders, as assets increase in value so do the coins and new precious coins are used to purchase more assets. No longer having to worry about the debt based corrupted fiat money system. The price of total precious value will be equal to its assets worth at the time.
The cool thing about this coin is it will not be so volatile in trading as we see with most of the other cryptos. Precious coin should steadily increase in value over time, along side it's assets. The team at precious coin will implement a scaling blocksize so as to stop manipulation by say, the big banks from buying in slowly then dumping millions of coins at once, causing the volatility we see so often with other crypto's . So if a big bank decideded to dump a few million coins at once...through the design of the coin, all the minor sales would be put through first and the holder selling off the massive bulk be put further back in the que,stopping them from walking away with millions leaving the legit investor with the prices in freefall. pretty smart idea there...
The precious coins total coin count will be 100 million coins.
From what I have read It seems like a pretty cool idea and I will be investing a small amount to start off with and see where it goes. Check out developer Brad Peters in a video below and his precious coin website.
For more information.
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