News for hackers. Stuff that matters.

A comment on $185M in 5 days: Block.one sets new ICO record with its EOS token. Parent comment

Re:$185M in 5 days: Block.one sets new ICO record with its E... by MR4D on Sunday July 02, 2017 @10:31PM (#14685512)
USD is _currently_ valued in Gold. Roughly 1238 USD = 1 oz of gold.

I think you meant "backed" by gold?

[ Parent | on HN ]
Re:$185M in 5 days: Block.one sets new ICO record with its E... by zeusk on Monday July 03, 2017 @02:55AM (#14686387)
No it isn't, Gold is valued at 1238 USD per ounce.

It is also priced/valued against other major sovereign currencies like the euro, renminbi, yen, aud with enough spread for profitable arbitrage across exchanges when trading hours overlap for Sydney, Hong Kong, Beijing, Mumbai, Frankfurt, London and New York.

[ Parent | on HN ]