This sounds like a lot of nonsense if you ask me, but it is kind of interesting. https://www.ccn.com/australias-biggest-gold-refiner-plans-gold-backed-cryptocurency/
Isn't that just a gold ETF? The whole lure of crypto was that it's value could keep going and people could get rich off it, how will it be backed by gold if gold isn't holding it back/the entire reason for the value it has
