Digital currency Bitcoin has blazed a new trail away from the established monetary system. In its wake, metals and technology company Anthem Vault is to launch the Hayek on May 25. The new cryptocurrency will be valued at 1 gram of gold at the day’s market price, serving “as a more secure store of value than Bitcoin,” the company claims. In fact, the Hayek may be a more secure store of value than most real currencies out there, since the Gold Standard has been abandoned since the 1970s. Free of national boundary constraints, the Hayek may benefit from most cons of a gold-backed currency without the downsides. The question of whose gold is anchoring the Hayek’s value, however, is an intriguing one.
Bitcoin’s new competitor to be backed by gold
More of Today's Solutions
Sardinian restaurants are banning phones for families at meals
BY THE OPTIMIST DAILY EDITORIAL TEAM The Italian federation of pediatricians designed a box of games to help parents ask their kids how their ...
Read MoreCalifornia legalizes balcony solar for renters and beyond
BY THE OPTIMIST DAILY EDITORIAL TEAM California just gave apartment renters a shot at solar. Governor Gavin Newsom signed a bill legalizing plug-in solar ...
Read MoreWhy you should fill your cart with ugly watermelons
When it comes to picking produce at our local market or grocery store, many of us are… well… shallow. We tend to fill our ...
Read More10 confidence-boosting tips for navigating the world of dating apps
Navigating the world of dating apps can be both exciting and intimidating as you condense your entire personality and aspirations into a few brief ...
Read More
