showcase Showcase your Royal Mint Gold domains (RMG)

[baseballworld]

This is the time for everyone to see the new niche. Showcase your royal mint gold domains or RMG as they are called. more information here about them here will eb a blockchain much like bitcoin only real gold backing worth billions.

http://bravenewcoin.com/news/uks-royal-mint-and-cme-group-launching-gold-backed-blockchain-assets/

here are my 2

RoyalMintApp.com - obviously gonna be an app made. lol
RMGPrice.com - chose this because in bitcoin phrases it was highest searched phrase monthly behind bitcoin itself.

 

[Corey]

you would need to do a trademark search for CME.

Cheers
Corey

 

[Dun]

I focused on the high ticket sale keywords on Namebio like

Casino
Bet
Slots
Credit
Real estate
House
Book
Property
App
Go
Me
Loan
Iot
IQ
ID
China
World
Luxury
Shop
Cars
247
24
365
Data

I really don't know what kind of mind set one must wear to better understand what is meant by this RMG product:

The Royal Mint issue RMGs as a blockchain based digital record of ownership for gold stored at its highly-secure on-site bullion vault storage facility. CME Group, the world's leading and most diverse derivatives marketplace, will develop, implement and operate the product’s digital trading platform which will see gold traded on an exchange using blockchain technology. The RMG solution will provide an easier, cost-effective and cryptographically secure alternative to buying, holding and trading spot gold. "

I'm still not sure

 

[Dun]

Well after a bit thought I think what CME group is actually doing is trying to shoehorn the Royal Mint trading system on top of the blockchain technology using the latter as an infrastructure for secure transactions by utilizing the blockchain ledger. It's like connecting a bank system to your business architecture where you have to fit the in place procedures imposed by the bank.

I can see the major problem they're probably facing there is how to match the old Royal Mint gold trading with the "mining part" of the blockchain system since it's one of the major components making up the blockchain technology.
What are we mining? That where the gold backing comes into play. Royal Mint will have to secure the gold or release it as the demand increases.
Or maybe they had another solution regarding that.

 

[WhoaDomain.com]

I really don't know what kind of mind set one must wear to better understand what is meant by this RMG product:

The Royal Mint issue RMGs as a blockchain based digital record of ownership for gold stored at its highly-secure on-site bullion vault storage facility. CME Group, the world's leading and most diverse derivatives marketplace, will develop, implement and operate the product’s digital trading platform which will see gold traded on an exchange using blockchain technology. The RMG solution will provide an easier, cost-effective and cryptographically secure alternative to buying, holding and trading spot gold. "

I'm still not sure

Yea exactly. But if you continue on with the rest the press release says something to thee effect that they are approaching developers yadda yadda.

See that part to me screams "open source" meaning they will allow some leeway to grow and expand on this concept of RMG.

See they've attached the word blockchain to this RMG concept and well when I think blockchain I can't help automatically thinking bitcoin. How is a bitcoin created or "mined"? From the processing of bitcoin transactions. World wide there are bitcoin miners using open source bitcoin software to mine bitcoin orders.

Is this how rmg's will be created?

Doubt it.

Since sounds like RMG will automatically be assigned a gold value.

So are we to assume that the RMG "mining" will be done CME GROUP "in house"?

If they are going to do everything "in house" why mention that they are approaching interested parties?

Bottom line? I think the opportunity to make money will be too great to pass up for royal mint.

They won't make money in a scenario where people buy $100 million dollars worth of rmg's and just sit on it for years. The money is in daily transactions. That's how PayPal did it. Just charge a cheap fee and now you have a huge case cow.

 

[WhoaDomain.com]

I give you an example. Few months back I got wind of ripple labs creators of XRP a crypto

I regged casinoripple.com by the way? RippleCasino.com is owned by Jesse Powell CEO Kraken.

I told they I had it and see if they were interested they said no and that they don't see ripple ever being used for anything but banking


Then low and behold 6months later. A ripple casino did open up shop.

Sometimes people who come up with new products don't even realize it's true potential.

Someone else has to show it to them.

 

[Dun]

Yea exactly. But if you continue on with the rest the press release says something to thee effect that they are approaching developers yadda yadda.

See that part to me screams "open source" meaning they will allow some leeway to grow and expand on this concept of RMG.

See they've attached the word blockchain to this RMG concept and well when I think blockchain I can't help automatically thinking bitcoin. How is a bitcoin created or "mined"? From the processing of bitcoin transactions. World wide there are bitcoin miners using open source bitcoin software to mine bitcoin orders.

Is this how rmg's will be created?

Doubt it.

Since sounds like RMG will automatically be assigned a gold value.

So are we to assume that the RMG "mining" will be done CME GROUP "in house"?

If they are going to do everything "in house" why mention that they are approaching interested parties?

Bottom line? I think the opportunity to make money will be too great to pass up for royal mint.

They won't make money in a scenario where people buy $100 million dollars worth of rmg's and just sit on it for years. The money is in daily transactions. That's how PayPal did it. Just charge a cheap fee and now you have a huge case cow.

That's true.
Actually what I said earlier doesn't mean these RMG blockchain-based digital ownership "records" cannot be used on a larger scale. It can actually be transformed easily into digital gold tokens where you have the luxury to transfer them around to anyone in the world more like checks, but with gold title to them.

I think there has been something like this endeavor in the past but never gained the enough backup like we have now with Royal Mint jumping into the show.

It's a matter of time though to see what the trend of this RMG might lead to.

 

[Dun]

I give you an example. Few months back I got wind of ripple labs creators of XRP a crypto

I regged casinoripple.com

I told they I had it and see if they were interested they said no and that they don't see ripple ever being used for anything but banking


Then low and behold 6months later. A ripple casino did open up shop.

Sometimes people who come up with new products don't even realize it's true potential.

Someone else has to show it to them.

Indeed, I think even Royal Mint doesn't know for sure what that might lead to in the future. But if they had the right investors, this RMG could escalate to the bitcoin investors too, for they will probably see it as a rare chance to leverage and link the virtual blockchain system to something tangible and old like gold.

It could be the right time since bitcoin really suffered a lot in the beginning but succeeded thanks to the robust technology it's built on. Hopefully RMG or any product derived from that can also find broad applications that sets a real milestone in the digital world.

 

[WhoaDomain.com]

Indeed, I think even Royal Mint doesn't know for sure what that might lead to in the future. But if they had the right investors, this RMG could escalate to the bitcoin investors too, for they will probably see it as a rare chance to leverage and link the virtual blockchain system to something tangible and old like gold.

It could be the right time since bitcoin really suffered a lot in the beginning but succeeded thanks to the robust technology it's built on. Hopefully RMGs or any product derived from that can also find broad applications that set a real milestone in the digital world.

Right now all cryptos had alliances with certain gold mints and depositories of which if they refer them bitcoin clients to convert their BTC to AU (gold) they get a commission and tag that customer for life. Residual income.

Problem with that the current way. Is you have to convert your bitcoin to gold if that's what you want. Maybe you are scared bitcoin is going down so you panic and buy gold with it. Now you are talking about paying storage fees and other fees. Holding costs.

Rmg's eliminates all that.

The problem I see? Is if this takes off it will increase demand for gold.

What does that mean to the price of gold will it go up or down ? I'm no finance major. Can someone take over from here?

 

[Dun]

Truly a big question you laid out clearly here. Only time will tell.

 

[WhoaDomain.com]

Truly a big question you laid out clearly here. Only time will tell.

Someone here already mentioned as soon as this RMG news came out the. Price of gold went down 2%.

 

[Dun]

Someone here already mentioned as soon as this RMG news came out the. Price of gold went down 2%.

Yes remember that Royal Mint is a government controlled institution.
Governments want controls. If they're going to embrace the blockchain technology through their entire financial transaction system then they make sure it's within their rules. Bad thing I know. But believe me they know better.

 

[baseballworld]

Remember guys you didn't register these domains based on stats but gut instinct. That is one of the most powerful tools in domaining.

 

[Dun]

Remember guys you didn't register these domains based on stats but gut instinct. That is one of the most powerful tools in domaining.

To my surprise I checked and saw lots of possible domain names registered in no real time (in three days span or less)!

What have you done to us baseballworld?!

 

[baseballworld]

Blame JohnO he is the one got the main list and tipped me off so I snagged RMGPrice.com,RoyalMintApp.com, RMGBar.com, and RMGBars.com

 

[Dun]

Will RMG be the new gold backed dollar?

 

[Kuffy]

U.S. Mint Sells Out Of American Eagle Silver Coins But Demand Down 20% From 2015

http://www.kitco.com/news/2016-12-0...ilver-Coins-But-Demand-Down-20-From-2015.html

Some people think that silver coins will appreciate more than gold coins over the next few years,

 

[baseballworld]

Love this stuff.

 

[Kuffy]

Here is some light reading about the government attitude to distributed ledgers
https://www.gov.uk/government/uploa...972/gs-16-1-distributed-ledger-technology.pdf

 

[John0]

From the start this is a 1Bn startup industry made up from nothing....From nothing I mean it's a completely new way of gold trading.
The value of gold that is going to be traded is 1Bn.
Is there any analyst or accountant here that could say what the potential value of outside services to this new industry could amount to?
prediction could be based on bitcoins model maybe? I cant find anything online about it.
I found this ...
Daily transactions of the numbers of BTC traded daily. Not the same
but hope it helps someone
http://www.coindesk.com/data/bitcoin-daily-transactions/
https://blockchain.info/charts/n-transactions
or this Its the only one I can find from reddit.
I dont know how to use reddit so there could be more. Thats from the main search page.
https://www.reddit.com/r/Silverbugs...chain_and_gold_to_be_married_together_by_the/

 

[Kuffy]

Well at the moment, I'm not sure we really understand the what and the how of the service. The first online trading platform for physical gold ( rather than paper gold) is in China I believe, and they move the physical gold around in a warehouse when it is sold. There are quite a few online trading platforms for gold, and it remains to be seen if RMG is significantly different. They aren't clear about their reserves, and I suspect they may be fractional, or based on paper gold. If they really have £1billion in gold, it would be good to know where it came from. If it is government owned, then what are they doing with the proceeds of the sale?