It is not so easy to run thousands of chains (it costs a lot of resources) ... weak chains are easy to manipulate (with money or with +51% attack)

The only way to build crypto-currentcy is to build STRONG ONE ...
 ( 1.  no one can afford to control 50%+ of mining power, 2. expensive coins(hard to manipulate price), nobody can buy them all (10%) )

the case of BTC vs red cross coins can be simple, if red cross coins are premined by red cross when you buy the red cross you increase the demand => increase the value  so you help red cross by purchasing the coins and them from  donating them, if the red cross coins are not premined can be set by only by exchange rules and so on  


USD transactions are more expensive that p2p crypto transactions so your donation will generate more revenue for banks

+ time

Apparently gold price at below recovery costs.
http://www.zerohedge.com/news/2013-06-26/gold-drops-below-its-average-cash-cost

people must really want fiat


can you be more specific about your time frame here? sure it could have a reaction back up, but how many have money to spare to support higher gold prices?

Okay... paper gold is a form of credit.  So, by selling a claim I own on gold, somehow I'm expressing that I want to hold onto my physical?  How does that work?  Aren't the lenders having their locked up assets returned to a liquid position, thus raising physical supply?

To clarify my question, do you mean it is wise to go long on gold? And for how long?

Miners are the only ones who will hedge their physical supply before they go in the market and actually sell it. This is a general commodity notion used to ensure that volatility does not affect profit and numbers are known ahead of the sale. Problem is that now most of the trades are not backed at all and are leveraged. JPM doesn't even have gold backing for its multi-billion dollar short sales of paper gold, its inventories are depleted yet it continues to put on firesales with no backing. Another issue is that before you actually intend to hedge your physical supply you must let the broker know you intend to hedge based on physical supply so you are matched against someone who wants to buy physically, or the bank is forced to take physical delivery if they are the market maker. This is kind of odd behaviour for a market which will puts extra checks in to the trader who owns the gold so they can make special arrangements for this person when the market was created for intentions of buying/selling physical commodities and not "paper" commodities. The "paper" commodities is said to create liquidity allowing physical to get better pricing, but to me is doesn't add up, as alot of hte times a big order is front-ran as soon ppl find out there is phyiscal order they become the market maker for that order making profit by placing a trade as the order is being placed.

If a big trader or company comes in to the market buying with intentions of physical delivery, more than what the inventory exists for that bank then this where the problem lies. The fact that ppl have been requesting their gold inventories and yet jpm still behaves like a 5 yr old child baffles me... but then again they have the gov't in their back pocket so there's nothing to see move along. I love the lassiez-faire attitude that these criminals have knowing that nothign will be done and even the fact that nothing is wrong.

The blood in the markets is accelerating....be greedy remember when it gets really really bad.

Commodities....