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PAX Gold

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If there was no price speculation associated with crypto, which crypto services would you use at the end of the day?

r/CryptoCurrencySee Post

Is there any place that offers Tokenized Stocks and Crypto trading like FTX did?

r/CryptoCurrencySee Post

ERC-20 Token Summary

r/CryptoCurrencySee Post

Which Stablecoins to Invest in The Rough Times Ahead?

r/CryptoCurrencySee Post

Looking for feedback on a land-backed cryptocurrency

r/CryptoCurrencySee Post

Borrowing USDC with PAXG: A Guide

r/CryptoCurrencySee Post

Would Gold-pegged cryptocurrencies like PAXG be useful as a part of a portfolio long term?

r/CryptoMarketsSee Post

Trust Trading Group - the first token-powered crypto ETF fueled by automated trading bots.

r/CryptoMarketsSee Post

Trust Trading - first token-powered crypto ETF fueled by automated trading bots.

r/CryptoMarketsSee Post

Trust Trading - first token-powered crypto ETF fueled by automated trading bots.

r/CryptoMarketsSee Post

Trust Trading Group - the first token-powered crypto ETF fueled by automated trading bots.

r/CryptoMarketsSee Post

Trust Trading Group - the first token-powered crypto ETF fueled by automated trading bots.

r/CryptoMarketsSee Post

Trust Trading Group - the first token-powered crypto ETF fueled by automated trading bots.

r/SatoshiStreetBetsSee Post

What is PAX Gold (PAXG) and how does it work?

r/CryptoMoonShotsSee Post

The first crypto ETF powered by a token and fueled by automated trading bots #TrustTrading

r/CryptoMoonShotsSee Post

In Gold We Trust Token~ Rewarding holders with PAXG (Gold)! | Fair launching soon | Claim your PAXG (GOLD) Whenever you want through our dashboard | Dev doxxing in an hour |

r/CryptoMoonShotsSee Post

In Gold We Trust Token~ Rewarding holders with PAXG (GOLD)! | Fair launching soon | Claim your PAXG (GOLD) Whenever you want through our dashboard |

r/CryptoCurrencySee Post

Top Cryptocurrency’s backed by precious metals?

r/CryptoCurrencySee Post

PAXG/BTC - Gold vs Bitcoin

r/CryptoCurrencySee Post

What are some safe investments outside of BTC and ETH?

r/BitcoinSee Post

The price of gold has surged in recent years and many people have noticed the increase. Now, PAXG is looking to lower the entry barrier for those wanting to invest in gold by giving them a stablecoin backed by physical gold reserves.

r/CryptoCurrencySee Post

Opinions on gold backed cryptocurrencies such as PAXG

r/CryptoMoonShotsSee Post

Hypermine – A dynamic investment community for BSC and PulseChain!

r/CryptoCurrencySee Post

What about the other expensive coins?

r/CryptoCurrencySee Post

Crypto.com earning scam ?

r/CryptoCurrencySee Post

[Solgrams] A project by the people & for the people.

r/CryptoCurrencySee Post

[Solgrams] It deserves a glance, I promise you will not be disappointed.

r/CryptoCurrencySee Post

Opinions on PAXG (digital gold)

r/CryptoCurrencySee Post

Autoinvesting and autowithdrawing with the lowest fees (works in NY): Gemini API

r/CryptoCurrencySee Post

Is it safe to keep money in PAXG during this storm?

r/CryptoCurrencySee Post

Why is USDT still the 3rd crypto for market cap?

r/CryptoCurrencySee Post

PAX Gold

r/CryptoCurrencySee Post

Am I the only one feeling synthetics are overlooked?

r/CryptoCurrencySee Post

Market cap of Gold-backed cryptos has surpassed $1B

r/CryptoCurrencySee Post

What Five Coins/Tokens Are You Planning To Buy Soon?

r/CryptoCurrencySee Post

A Digital Token, Backed by Physical Gold - My Due Diligence on Digital Gold

r/CryptoCurrencySee Post

Crypto failed to actually be a hedge asset during a major worldwide crisis today. Gold didn't.

r/CryptoCurrencySee Post

Bitcoin is my exit strategy from Fiat

r/CryptoCurrencySee Post

We are about to witness a currency war and I believe BTC, as well as the total crypto space will be the winner.

r/CryptoCurrencySee Post

The Nixon Shock Explained Using Tokenomics

r/CryptoCurrencySee Post

To counter the flood of Indian 30% Tax threads.

r/CryptoCurrencySee Post

Crypto backed with gold trully decentralized

r/CryptoCurrencySee Post

Best wallet for PAXG and euro stable coin?

r/CryptoCurrencySee Post

5 Gold-Backed Cryptocurrencies Compared For 2021

r/CryptoCurrencySee Post

What’s everyone’s thoughts on PAXG?

r/CryptoCurrencySee Post

PSA - BlockFi is removing free withdrawals for all crypto except BTC, LTC, and stablecoins on 12/1. Withdrawing ETH - once free - will now cost 0.015 ETH, or about $65!

Mentions

I do both. Have physical silver and Gold in custody. I also have PAXG which is tokenized gold that can be redeemed for physical gold, which is certainly a bridge between Gold/Crypto and I earn interest on it. https://paxos.com/paxgold/

Mentions:#PAXG

DGX and PAXG are interesting Gold stablecoins.

Mentions:#DGX#PAXG

PAXG for store of value, USDC or DAI for digital dollars, Monero for privacy and MATIC or another l2 (maybe zk) for web3 transaction speed

Start a rebalancing bot. Atom tends to swing different from BTC and it’s followers. I have about 30% more coins in 6 months. I added PAXG for stability, should try one without it.

Mentions:#BTC#PAXG

Binance isn't alone in this, there are other Investors too. It is backed by $ (USD) but the tokenized version BUSD which is audited by PAXG. You can find these details on Google

Mentions:#BUSD#PAXG

Been having less exposure to Tether ever since the FTX collapse, getting more USDC and PAXG

Sure. The risk is definitely more significant. I'm just arguing that paying out e.g. 8% interest rate may not be impossible. You always have the option to accrue stablecoins (e.g. gold backed PAXG) if asset value crashes are of concern.

Mentions:#PAXG

PAXG can be frozen by Paxos, hacker is a noob if he holds paxg

Mentions:#PAXG

It probably is blacklisted. That's why they're trading for low-liquidity tokens and lots of shitcoins instead of more stable ones. Almost zero stablecoins other than PAXG. I highly doubt this is the Bahamas government based on all this activity. We need a professional tracer to unravel this. There is way too much going on, and that renBTC is only a tiny fraction of it.

Mentions:#PAXG

It went from $270M ETH to $240 ETH, $15M PAXG, and tons of shitcoins. Still mostly ETH. I'm not convinced the government is doing this. Why are they swapping for shitcoins?

Mentions:#ETH#PAXG

I think it'll become widespread through government failure. For example, in places like Venezuela people may completely lose faith in the financial system, and start doing more transactions with crypto. Once it's widely used, government-issued money may have a hard time getting back trust, and need to coexist with crypto. It may also be used by small countries that currently don't issue their own currency if they need to distance themselves from the country from which they currently use fiat currency, or generally have at least one medium of payment and store of value that is not dependent on foreign governments. It's unlikely but I would love to see small PAXG-backed local currencies, it'd be the financial system coming full circle.

Mentions:#PAXG

Bitcoin solves the Two Generals Problem and therefore replaces the institution of government as we know it. But you can't get rid of something as big and socially important as "western civil government" in a day, a year, or even a decade. All the ups and downs of Bitcoin are just little bumps and curves along the road. None of them really matter, the destination is clear and will be arrived at regardless of the bumps along the way. The stock market as we know it today is inextricably linked with the political world that is dying. The stock market as a concept won't die, it will simply transition to a crypto-type solution the way PAXG and its relatives are building a commodities market. Similar ideas will be developed for the corporate world and the "stock market" idea will transition accordingly. > What supports BTC at 17K? Fear. > What supported it at 64K? Greed.

Mentions:#PAXG#BTC

Same question but for a soft-wallet. I just took off a ton of PAXG today and for that one it only gave me one option. It's showing up fine in Exodus.

Mentions:#PAXG

Uh, then you're exposing yourself to not one but TWO different sets of custodial risk... 1. The exchange your PAXG is on 2. The actual custodian of the gold backing PAXG

Mentions:#PAXG

What's the feeling about PAXG as a safe way to store value on an exchange pending buy opportunities iso in a cold wallet -which takes time to connect and so the coins on it could lose value before you can get them off it?

Mentions:#PAXG

As people said, the blockchain is a ledger, and your wallet stores your keys. Still. there are two ways govs could outlaw crypto in a way you couldn't use it even in cold storage. 1 - Your crypto is actually a non-native token that is centrally controlled. Such as USDC, USDT, PAXG, etc. they could blacklist you at any point. 2 - The validators of your network agreed to government regulations and won't validate any blocks that include transactions with your wallet. So your transaction would never go through. If either of these is the case, you're pretty much fucked. But that would need a world government coalition to target you specifically. As long as there are nodes of the blockchain running, the government can't really stop a blockchain completely. And outlawing exchanges doesn't affect your capacity to use your wallet, the wallet is about sending and receiving coins, getting money for it is a completely different story.

ETH also can't be blacklisted unlike some other tokens like PAXG. Let's see what he does with this amount considering the entire crypto world is watching this wallet.

Mentions:#ETH#PAXG

According to data from debank, the hacker’s wallet address holds nearly 228.5 million Ethereum (ETH) and 8,184.9 Paxos Gold (PAXG) tokens on Ethereum. On Binance Smart Chain, the wallet holds nearly 108.454 million BNB and 1.685 million DAI stablecoin. Avalanche hosts about 3.970 million in Tether’s stablecoin USDT in the hacker’s wallet address. According to data from Solscan, the hacker’s Solana wallet address owns nearly 144,999 SOL and 27.549 million USDT.

PAXG is both dead and the future. The future are the undead, I guess.

Mentions:#PAXG

Only PAXG? 🤔

Mentions:#PAXG

Couldn't imagine buying anything other than BTC, XMR or maybe PAXG in these particular moments.

Mentions:#BTC#XMR#PAXG

I made some moves to rebalance my portfolio. I used my USDC and PAXG (cash reserve) to increase Dot, Unq, Algo, Eth, and Crv. I still have 20% of cash reserve left to DCA into some more options.

Mentions:#USDC#PAXG

FTX did not have much BTC in the “hack”. Mostly LINK, ETH, PAXG, and other coins - there was a list of coins posted here or Twitter that I seen.

FTX hacker started selling again. Offloading PAXG.

Mentions:#FTX#PAXG

I just got downvoted for telling ppl PAXG is linked to precious metals. There’s definitely some unnecessary drama here lol

Mentions:#PAXG

Sold all my PAXG to repay FTX margin loans so I could gtfo about 4 hours before the withdrawal freeze. Kept all the Bitcoin of course. That's not for selling.

Mentions:#PAXG#FTX

Hey, PAXG (gold stablecoin) is up. Guess we are going full circle.

Mentions:#PAXG

I withdrew BTC, LTC, and PAXG today. PAXG was the slowest but everything was processed within an hour. Honestly I don't believe anything will happen to FTX but better safe than sorry. I will likely transfer everything back to continue earning 8% after this blows over.

They would say PAXG of course in a gold sub.

Mentions:#PAXG

PAXG, Crypto pegged to gold to get the worst of both worlds

Mentions:#PAXG

I held PAXG before until I realized gold has no future and doesnt make money unless you wait to be Charlie Mungers age to sell it. No thnx.

Mentions:#PAXG

Paxos is a legit company. I've kinda looked into PAXG as well. I might buy some at some point soon.

Mentions:#PAXG

How safe is PAXG ?

Mentions:#PAXG

Reminder if you want to invest in gold there are easy to buy stablecoins for it PAXG and XAUT.

Mentions:#PAXG#XAUT

There's PAXG too, that's a coin backed by gold.

Mentions:#PAXG

I actually looked a bit into PAXG, but thats of course fluctuates a bit as its pegged to gold. But its a nice way to hold some "gold".

Mentions:#PAXG

PAXG is a good suggestion!

Mentions:#PAXG

That’s why my BTC/ATOM/PAXG rebalancing bot made me about 40% more coins in half a year.

That’s good for my ATOM/BTC/PAXG rebalancing bot!

I still want to hold some gold. I’m thinking about PAXG or KAU, but I’m a noob so not sure.

Mentions:#PAXG#KAU

I started a PAXG, BTC, ATOM rebalancing bot a little more than half a year ago. Today I have 20% more BTC, 35% more ATOM and 5% less PAXG. So when the market goes up again I’ll have a nice profit

r/BitcoinSee Comment

Perhaps PAXG….

Mentions:#PAXG
r/BitcoinSee Comment

Cool. What do you think about the pattern that relative to USD, Bitcoin and Gold price are inversely correlated? Historically, it's been a fairly consistent, predictable pattern: see the gold price start to correct downward, watch BTC pump. And then vice-versa. Been holding a little PAXG and BTC in the same wallet for over a year and just tracking where the symmetry holds and what disturbs it. Interesting stuff.

Mentions:#BTC#PAXG

Whatever's gonna happen, there are bound to be plenty of retail investors getting caught off guard. Ha it's a bull run again (during retracement), people became bullish and hopeful, but wait no.. good thing we can just easily convert to USD stablecoins or even PAXG or tether gold for hedging purposes.

Mentions:#PAXG

DAI moved from backing most of their crypto collateral from ETH to USDC iirc. PAXG and USDC are openly and regularly and highly scrutinised in terms of auditing. Crypto backed collateral stablecoins only are prone to the frailties inherent in algorithmic stability. Don't put all your vegan eggs in just one organic bamboo basket, basically

For gems or jewelry I think you could have a NFT copy of their certificates but for gold I think there's already PAXG

Mentions:#PAXG
r/BitcoinSee Comment

I can easily carry $100 million on gold certificates, that could be traded. Not only that but I could buy PAXG and trade it for physical gold.

Mentions:#PAXG

PAXG?

Mentions:#PAXG

I rent land to a buddy of mine who has been into cryptocurrency since 2014 or so. I offer him 10 percent off his rent if he pays in ETH or PAXG and he does so every month. So yes I would ;)

Mentions:#ETH#PAXG

PAXG is digital gold ;)

Mentions:#PAXG

I'll stick with PAXG.

Mentions:#PAXG

Sorry, it's a good idea, it's just hard to execute if you're not already a trust company. That's how PAXG exists - Paxos is an US trust co. I don't actually know how Tether Gold gets away with it but I suspect it's because it's somewhere like the Seychelles, which won't help with wine. You could partner with a regulated trust company maybe? That would get around a lot of things, but you might have issues with the retail investors part as it's an alternative asset.

Mentions:#PAXG
r/CryptoCurrencySee Comment

PAXG probably

Mentions:#PAXG
r/CryptoCurrencySee Comment

I started a rebalancing bot half a year ago, it rebalances BTC, ATOM and PAXG. I’m 30% down in value, but I have 21% more BTC, 19% more ATOM and 2.5% more PAXG. So when the market recovers I’m good. If only a certain exchange which I won’t mention allows me to get my money out.

r/CryptoCurrencySee Comment

PaxG thru FTX is the way to go. 8% interest in PAXG. Trade 1 PAXG for 1 ounce of gold when you hit 1 coin. Federally recognized as a bank, can’t beat it.

Mentions:#FTX#PAXG
r/CryptoCurrencySee Comment

Why not just go for physical gold if it's nothing but an investment or a long term hold? Now whilst PAXG probably won't depeg the risk is still there.

Mentions:#PAXG
r/CryptoCurrencySee Comment

Could you tell me a bit more on how PAXG works and in regards to their interest rate on gold? I have been going through their website but I cant see something about compound interest returns.

Mentions:#PAXG
r/CryptoCurrencySee Comment

Never heard of PAXG. I doubt many dealers would accept it, or being willing to accept it in such a small amount.

Mentions:#PAXG
r/CryptoCurrencySee Comment

Or like, why didn't he just swap it for PAXG then turn the PAXG in at a dealer? Must have been a heckin good deal

Mentions:#PAXG
r/CryptoCurrencySee Comment

I use Nexo for their daily interest payouts. You're right in that it's an exchange though so a little riskier. I was going to recommend looking into PAXG and holding it there, it's crypto but pegged to gold through the paxos trust company and BRINKS security, so it's more stable in the sense that it's not actually tied into the crypto space as much but as it's tied to gold that's a...different kind of stability which might be neat? ​ Also the only way I've ever found to be able to earn interest on gold while not having to lock it in. ​ The interest is paid out daily, and compounds, daily, so you wring the fuck out of that compounding interest. They run themselves as more of a lending service than an exchange so most of their profits come from lending crypto and charging interest on the loans which gives a nice cushion.

Mentions:#PAXG
r/CryptoCurrencySee Comment

Haven't seen it mentioned here so I'll give it some love. PAXG - currency backed by gold. Can easily be bought/sold for fractions of what a gold coin is valued at. We have already seen in the past economies use gold pieces as currency and once upon a time most north american fiats were backed by gold. This probably isn't the best answer but it's one where we at least have a precedent to draw from, even if it's not a 1:1 comparison

Mentions:#PAXG
r/CryptoCurrencySee Comment

GME to the moon Also it's a Brinks truck and theyre partnered with PAXG

Mentions:#GME#PAXG
r/CryptoCurrencySee Comment

PAXG

Mentions:#PAXG
r/BitcoinSee Comment

I used the same math a while back and is a rough estimation of all the fiat currency, precious metals, stocks and real estate combined but it does not take account of the quadrillions of dollars estimated that is in commodities that are yet to be made or harvested, which will also be tokenized. In stead of buying actual teak wood you would buy a teak wood coin as is currently possible with gold and PAXG. Also with current rates of moneyprinting it is hard to estimate what a $2M bitcoin price actually means for your purchasing power.

Mentions:#PAXG
r/BitcoinSee Comment

That's what I don't understand. If I know that money printing is going to continue to happen I would want to put my money into solid assets like PAXG or limited permissionless and borderless asset like BTC. It actually makes no sense to me to sell the BTC you already own because it's suppose to be the people's "inflation free" asset.

Mentions:#PAXG#BTC
r/CryptoCurrencySee Comment

It is as simple as: - Tokenized commodities (inflation drivers) - Tokenized Treasury Inflation-Protected Securities (TTIPS) (similarly to how PAXG is tokenized gold) I also appreciate your comment that you understood everything. I was planning to send you one Moon, but then I realized that I need to bridge ETH, which I have not done yet. So I have just upvoted your latest r/CC because that is the time I have now.

r/CryptoCurrencySee Comment

Sorry it's not supported yet. But there is one trading pair, PAXG/USDT. The PAXG is just the coin which is 1:1 equal to the real gold.

Mentions:#PAXG#USDT
r/CryptoCurrencySee Comment

Alright, I'll run through 3 of these PAXG: Has been doing pretty well. Certainly in an uptrend vs BTC. [https://www.tradingview.com/x/chtshkW3/](https://www.tradingview.com/x/chtshkW3/) FTM: Looks like it may be a trade the range scenario and keep bouncing in this range for a while [https://www.tradingview.com/x/zNNeOiiU/](https://www.tradingview.com/x/zNNeOiiU/) DOT: Keeping this one pretty barbaric and simplistic. [https://www.tradingview.com/x/PHm0KY15/](https://www.tradingview.com/x/PHm0KY15/)

r/CryptoCurrencySee Comment

Not-so-popular alts like Polygon, Polkadot, Cosmos,… but with respect to BTC, not USD. If those are too popular, Fantom and PAXG are usually forgotten.

Mentions:#BTC#PAXG
r/CryptoCurrencySee Comment

BTC ETH DOT PAXG ATOM my 5 tokens for now.

r/CryptoCurrencySee Comment

🏅IN GOLD WE TRUST TOKEN 🏅 Buy IGWTT and receive 6% in PAXG (GOLD) rewards which you can easily claim on the dashboard! 🏅6% PAXG rewards 💰 4% LP 📈5% marketing wallet 📖Ownership renounced at launch 🔐 LP locked at launch 💻Functioning dashboard interface to see and claim your PAX Gold Fairlaunching soon! Dm on telegrwm for link @goldenboyns I will pay the shillers

r/CryptoCurrencySee Comment

I do like my gold, got some PAXG sitting in DeFi

Mentions:#PAXG
r/CryptoCurrencySee Comment

Instead of gold backed crypto why not invest into gold backed etf? Crypto would be more likely to get manipulated as you would require a lesser amount of capital to move its price on an exchange. You can just check the price action of PAXG of Binance even when PAXG is one of the better known cryptos.

Mentions:#PAXG
r/CryptoCurrencySee Comment

Yes. Stopped me from using ethereum over a year ago. All I wanted was PAXG but it's useless if it costs several dollars or more to move it. Sold everything, this market is going to crash hard.

Mentions:#PAXG
r/CryptoCurrencySee Comment

PAXG is backed by the highest authority. Each PAXG token is backed by a fraction of a piece of London Good Delivery gold bar, stored in Brink’s gold vaults, which is the approved storage company by the London Bullion Market Association. They are not your run-of-the-muck fiat stable coin issuer like Tether.

Mentions:#PAXG
r/BitcoinSee Comment

A three-way split between metals, bitcoin, and VTI has been surprisingly stable this year. When I'm bored, I'm going to figure out a bot to grid-trade the ratios as they fluctuate against each other, the grid trade of PAXG/BTC has been surprisingly lucrative. Does anyone know if any exchange (international OK) is offering a stablecoin or equivalent product tied to VTI or something similar?

Mentions:#PAXG#BTC
r/CryptoCurrencySee Comment

I thought about getting into PAXG. Until I realized that my main interest in gold is that it shiny and looks cool. So really, I just want a few actual coins. Which I have yet to get. 🤷‍♂️

Mentions:#PAXG
r/CryptoCurrencySee Comment

PAXG is my ‘stablecoin’ of choice. I’d take that over any fiat backed crypto any day.

Mentions:#PAXG
r/CryptoCurrencySee Comment

Nowadays at least indirect gold acquisition is quite easy. Log in and buy gold exposure on any of the numerous exchanges that offer gold exposure with or without tokens like PAXG.

Mentions:#PAXG
r/CryptoMarketsSee Comment

I hate the gas fees, and I hate having to have ETH to be able to move a token. For this reason I don't touch them. Pity tho, I'd have a pile of PAXG if it was cheap to move.

Mentions:#ETH#PAXG
r/CryptoCurrencySee Comment

Tokenised gold already exists in the form of PAXG. I personally prefer PAXG as a safe haven over fiat backed crypto.

Mentions:#PAXG
r/CryptoCurrencySee Comment

1. It already exists (PAXG if I'm not mistaken) 2. If you want gold, you can buy it directly without counterparty risk.

Mentions:#PAXG
r/CryptoCurrencySee Comment

Gold has a $10 trillion market cap. Pretty sure any increase in demand for PAXG wouldn’t make any noticeable difference whatsoever

Mentions:#PAXG
r/CryptoCurrencySee Comment

Gold price rising will probably raise the price of PAXG. But not the other way around.

Mentions:#PAXG
r/CryptoCurrencySee Comment

if an entity buy a lot of PAXG, will it increase price of real physical gold? or vice versa for entity buying real gold effecting PAXG. or do both of them have independent prices? if this the case then the PAXG token is missing the point doesnt it

Mentions:#PAXG
r/CryptoCurrencySee Comment

Pax Gold, PAXG. That would have been a great idea last November.

Mentions:#PAXG
r/CryptoCurrencySee Comment

I'm personally considering BAT for its integration with the Brave Browser, Ravencoin with the announcement of the ETH merge and miners needing a new coin to mine (though ETC could also be it) and PAXG as it's pegged to gold. Would love to hear others' thoughts on this!

r/CryptoCurrencySee Comment

I’m holding 30% BTC, 30% LEO, 20% PAXG and 15% XCN. Few extra percent in some other coins. Overall I’m up 18% this year, approx $75k No other investments

r/CryptoCurrencySee Comment

Actual gold would perform well in that case. Load up on PAXG if it starts.

Mentions:#PAXG
r/CryptoCurrencySee Comment

Makes more sense just to buy PAXG. Tied to actual gold, and extremely stable compared to crypto. Unfortunately it's on the ethereum network.

Mentions:#PAXG

UNI hasn't been heading in the right way, while FIL and THETA have been profitable on shorts and sometimes longs. Putting up a solid stack is nice, but I'm betting on ETH, PAXG, and RIDE. Last time I looked, EVMOS was offering over 300% APR asides Ride metastaking of up to 25% APR. I understand holoride, and I believe the pricing perspective will shift once the product launch is complete.

r/CryptoCurrencySee Comment

I considered paxG because I was like "gold will be heavy and risky to store" but then I realised I'm poor, and the amount I would buy of PAXG would be equal to like a 2mm deep 2gram bar lol, they are tiny!

Mentions:#PAXG
r/CryptoCurrencySee Comment

I’m broke enough that if I’m gonna buy gold, I’ll just buy it physically since it’s easy to store and I don’t need to wonder if the issuer will ever go under. PAXG is very convenient though.

Mentions:#PAXG
r/CryptoCurrencySee Comment

Something's not right about this table though... LEO, EVMOS, PAXG, TUSD and FRAX all have values over 1 million. Surely I'm misinterpreting this somehow

r/CryptoCurrencySee Comment

No, PAXG is digital gold, BTC is just a highly speculative investment.

Mentions:#PAXG#BTC
r/CryptoCurrencySee Comment

Spent some dry powder today on AAVE and became an AVAX delegator for a long term hodl there. Still have reserves in PAXG and USDC in the event of another crash. Feeling good overall about things. *Internet kid thumbs up gif*

r/CryptoCurrencySee Comment

if you only care about BTC and aren't DCAing into other things but BTC is probably not the best bet long term. Don't get me wrong, BTC is great and pioneered crypto but it's pretty useless compared to chains with smart contracts and other chains have much better tech. With things like Disney making their Polygon metaverse I think also DCAing with something like ETH for the layer 1, Polygon for the cheap layer 2 with adoption, Radix for the massive security advantages over Solidity-based chains, and something historically inflation-resistant like gold would make sense so perhaps PAXG as another. Diversification is a good thing and with the DCA method I suggested you add another layer of safety

Mentions:#BTC#ETH#PAXG
r/CryptoCurrencySee Comment

staking and mining revenues will go into stablecoins and PAXG for a while. worked hard in the fiat mines to get where i am , now is not the time to be greedy !

Mentions:#PAXG
r/BitcoinSee Comment

It is impossible to represent real world assets with digital assets in a decentralized manner. This is why bitcoin was created. Without a company willing to redeem real USD for USDT even that would be impossible. Same with PAXG. The Paxos company is willing to send you an ounce of gold worth of money in exchange for 1 PAXG coin. The downside is that a financialized product, even one on a blockchain, is also called a security. So companies willing to redeem digital tokens for value must register their products as a security as submit to regulations. Any that haven’t eventually will. TLDR: it’s not possible to do in a decentralized way, please don’t start a company willing to do that service, you aren’t qualified.

Mentions:#USDT#PAXG
r/CryptoCurrencySee Comment

PAXG. Backed by gold. Doesn't necessarily increase in buying power but it will most probably increase in fiat value over a longer period of time.

Mentions:#PAXG