There are two possibilities:
1. Smash the market and make money by shorting futures;
2. Ship the goods and leave without leaving the market. Exchange.
Digital Currency (DC) is an alternative currency in the form of electronic currency. It is an unregulated, digital currency that is usually issued and managed by developers and is used by members of specific virtual communities. Accept and use. Digital gold coins and cryptocurrency are both digital currencies.
Extended information
Digital gold currency is a form of electronic currency named after the weight of gold. The typical unit of measurement for this currency is the troy gram or troy ounce, although the gold dinar is also sometimes used. Digital gold currencies are funded through unquoted or decentralized allocations of gold storage. As of January 2006, digital gold currency providers held more than 8.6 metric tons of gold as reserves, worth approximately $154 million.
Digital gold currency is a form of physical currency in which deposits are measured in gold rather than fiat currency. Therefore, the purchasing power of digital gold currency fluctuates and is related to the price of gold. If the price of gold rises, it becomes more valuable; if the price of gold falls, it loses value. Since there are no specific financial regulations governing digital gold currency providers, they operate in a self-regulatory manner.
Digital gold currency providers are not banks, so banking regulations do not apply. However, the Global Digital Currency Association, founded in 2002, is a non-profit association of online currency operators, exchanges, merchants and users. This association monitors user reports and rates the reputation of exchangers. The rating operation is confirmed based on the facts reported by users.
Digital gold currency providers and exchangers have been accused of being intermediaries in fraudulent HYIP schemes. In January 2006, Business Week reported that ShadowCrew was involved in a large number of identity theft online groups using the e-gold system. However, the chairman of e-gold claimed that he would never compromise on any criminal activities using e-gold.