17 Oct '12, 3am

Check out my interview with Coinabul, the Bitcoin to gold market place.

: Why sell people gold for bitcoins? Jay: My motivation behind Coinabul was the obvious market demand for a secure way to store your accrued Bitcoin market gains or mining profits in a way that provides an inflation proof, Bitcoin-volatility-proof offline medium. Precious metals have proven to be a fantastic investment medium over many years, providing a safe way to store wealth without worrying about issues with long-term inflation. Bitcoin is a great way to transfer value, but can experience drastic volatility as evidenced by the crash from $32->$2 over the latter half of 2011. The need for a safe store for Bitcoin profits that has nothing to do with fiat money was obvious, and we made it our goal to provide the best possible value for long term profit storage for the Bitcoin community. Jon: The gold industry is plagued by fraudulent transactions and chargebacks; Bitcoin...

Full article: http://www.dgcmagazine.com/coinabul-a-bitcoin-to-gold-mar...

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