What made you interested in gold-backed cryptos?
Rick Rule: Well, first we believe that the potential audience for gold and cryptos is very similar. The people who believe that there should be mediums of exchange that aren't government-sponsored will adopt both cryptos and gold.
Second, we saw how the distributed ledger could make the inefficiencies of the gold trade go away, to the benefit of all users.
Third, we saw a circumstance where there was a proliferation of crypto products that were in and of themselves faith-based currencies, floating abstraction. Dogecoin is an example that started off as a joke, and then got a bid.