yes, also bitcoin is not recognizable at a global scale (ask my mom, she has no idea).
I see only two problems with the gold+blockchain solution:
1. gold is mined at a 2% every year, meaning supply is not fix and it compounds to a devaluation of 50% in 34 years or so.
2. the oracle problem, how do we keep the peg between the gold vault and the blockchain? if someone steals a kg or the germans invade, the people of indonesia trade with an empty token.
I would say point 1 is weak, since technology makes everything cheaper but I still struggle with point 2.
let me know if you have thought about viable solutions
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The first point isn't much of an issue since the population also grows. Relative to human population size the amount of gold hasn't grown much.
Regarding the second point I think the best thing is not to pef the PRBT to Gold, but to the value of a gold transaction. The PRBT will be the gas price to create a transaction. It's value will fluctuate with the demand to do trade.
How does that sound?