Gold (silver) are the only things worth something. It does not go out, it does not depreciate the second it is dug up. It does not have to remain in a 401K or market to keep up with inflation. Amazing stuff. Easy to convert to fiat if needed.
But how you you verify a silver coin? how can you know that it is in fact silver and not just some worthless metal with the same density wrapped in silver? Cryptocurrency transactions can be verified by anyone on the public ledger (blockchain).
What would you do if you have a silver coin worth $50 but the price of the item you wanna buy is just $5?, are you gonna cut it with a knife or have smaller coins for change? What if the store is out of change? Cryptocurrency has infinity small denominators, 8 by default (100 000 000 satoshi = 1BTC) but can be divided into even smaller fractions if needed.
What if Musk finds more gold and silver on the moon or on Mars and start to mine it and bring it back home? We'll get inflation. Or what if the earth get hit by a small asteroid made of solid gold, unlikely but it can happen. Cryptocurrency is mathematically designed with predictable supply after a scheme that can't be cheated.
How would you transport large amounts of gold for a large purchase, say enough to fill the bed of your pickup truck. How do you avoid getting it stolen by road pirates? How do you send it to another country without getting it confiscated at the border? Cryptocurrency allows you to store your key on any device, on a slip of paper (or any physical object) or in your head. You could easily bring $1T over the border and nobody would notice, or transport it all safely anywhere without getting it stolen.
See, these problems was the reason the fiat scam was invented, and why people fell for it and essentially gave away all their gold and silver to the banking cartel. Cryptocurrency solves all these problems while acting as digital gold. Best way to preserve value would be to have a little of both cryptocurrency and precious metals.
Gold can be converted to fiat currency. Watch the show Yukon Gold or read about San Francisco. All metal can be converted to fiat currency. At one time aluminum was worth more than gold. Scrap metal places in every town in American that convert it to fiat currency.
Gold (silver) are the only things worth something. It does not go out, it does not depreciate the second it is dug up. It does not have to remain in a 401K or market to keep up with inflation. Amazing stuff. Easy to convert to fiat if needed.
But how you you verify a silver coin? how can you know that it is in fact silver and not just some worthless metal with the same density wrapped in silver? Cryptocurrency transactions can be verified by anyone on the public ledger (blockchain).
What would you do if you have a silver coin worth $50 but the price of the item you wanna buy is just $5?, are you gonna cut it with a knife or have smaller coins for change? What if the store is out of change? Cryptocurrency has infinity small denominators, 8 by default (100 000 000 satoshi = 1BTC) but can be divided into even smaller fractions if needed.
What if Musk finds more gold and silver on the moon or on Mars and start to mine it and bring it back home? We'll get inflation. Or what if the earth get hit by a small asteroid made of solid gold, unlikely but it can happen. Cryptocurrency is mathematically designed with predictable supply after a scheme that can't be cheated.
How would you transport large amounts of gold for a large purchase, say enough to fill the bed of your pickup truck. How do you avoid getting it stolen by road pirates? How do you send it to another country without getting it confiscated at the border? Cryptocurrency allows you to store your key on any device, on a slip of paper (or any physical object) or in your head. You could easily bring $1T over the border and nobody would notice, or transport it all safely anywhere without getting it stolen.
See, these problems was the reason the fiat scam was invented, and why people fell for it and essentially gave away all their gold and silver to the banking cartel. Cryptocurrency solves all these problems while acting as digital gold. Best way to preserve value would be to have a little of both cryptocurrency and precious metals.
That's when copper and lead is then exchanged when an individual tries to fake his silver.
Also, silver has a certain ring to it when dropped. Learn the sound. It will be worth it's weight in silver to know it.
Thanks, I knew there was some way, but this I didn't know.
Gold can be converted to fiat currency. Watch the show Yukon Gold or read about San Francisco. All metal can be converted to fiat currency. At one time aluminum was worth more than gold. Scrap metal places in every town in American that convert it to fiat currency.