Liberty RISING! The First Gold Backed Crypto-Currency Has Been Launched! (BenSwann.Com)Submitted by emalvini on Thu, 07/17/2014 - 12:42
Liberty RISING!! The First Gold Backed Crypto-Currency Has Been Launched! (BenSwann.Com)
I can not be more excited about the innovation that is happening in the digital currency world. As you may now, I am a big supporter of Bitcoin and the freedom that it gives to people who want to trade without governments intervening in the process. The digital currency keeps gaining more popularity as it is now worth 6 times more than it was a year ago and the entrepreneurs that are putting their time into the crypto-currency industry just keep on impressing those that are investing in the market.
One of the most impressive innovations that I am aware was just released by an entrepreneur named Anthem Blanchard. Anthem is son of the late Jim Blanchard who was one of the greatest champions of liberty and sound money. Anthem’s father probably made his biggest impact in the gold industry when he created the National Committee to Legalize Gold and then led the effort to fly a “Legalize Gold” banner over President Nixon’s 1973 inauguration. The work of Jim Blanchard proved to work as Gerald Ford in 1974 signed a bill that restored the right of Americans to own gold for the first time since the United States Gold Reserve Act was passed in 1934.
Following in his father’s footsteps, Anthem is building a way for people to trade without using Federal Reserve notes. Not only that, Anthem is providing a way for people who desire to trade with a digital currency that is backed by gold. The Reuters article released yesterday explains Anthem’s launch of INNCoins and how 10 million INNCoins will eventually be backed by 100 grams of gold.