What is the value of crypto based on? Who accepts crypto as legal tender? How do you use your crypto if you lack access to the internet or lack power?
Crypto is nothing but another fiat system, solely based in the non-physical realm. You can be turned off just as easy, if not easier, as Lauren has been.
I not saying you shouldn't have crypto, I do, but physical wealth is immensely more powerful than fiat/non-physical. Silver, Gold, and even to a much lesser extent, Copper. Think of how prison economies work, as an example among many, food, cigarettes, and luxury perishable items.
Point being having something in hand to trade is by far more valuable than some toilet paper or one's and zero's in a digital space.
Crypto has it's limitations, but your description of it is just not accurate. Read up some more on how they handle outages and the different means of submitting transactions off grid. There's little about crypto that is like fiat beyond the first creation of the token protocols.
I probably should have also mentioned that I hold metals and other goods. Definitely did not mean to cast shade on metals holders if you felt that was implied.
I know what you mean, I didn't feel like you were casting any shade. I wasn't trying to cast any shade either, I just am very weary of "digital" currency regardless of explicit or implicit safeguards.
All I was trying to say is that diversification of assets is the least risky path. In the event "end times", a bird in the hand is worth two in the bush.
Again not trying to cast shade. There are people reading these forums that have absolutely no idea exactly how money works, just trying to give a risk inverse perspective.
What is the value of crypto based on? Who accepts crypto as legal tender? How do you use your crypto if you lack access to the internet or lack power?
Crypto is nothing but another fiat system, solely based in the non-physical realm. You can be turned off just as easy, if not easier, as Lauren has been.
I not saying you shouldn't have crypto, I do, but physical wealth is immensely more powerful than fiat/non-physical. Silver, Gold, and even to a much lesser extent, Copper. Think of how prison economies work, as an example among many, food, cigarettes, and luxury perishable items.
Point being having something in hand to trade is by far more valuable than some toilet paper or one's and zero's in a digital space.
Crypto has it's limitations, but your description of it is just not accurate. Read up some more on how they handle outages and the different means of submitting transactions off grid. There's little about crypto that is like fiat beyond the first creation of the token protocols.
I probably should have also mentioned that I hold metals and other goods. Definitely did not mean to cast shade on metals holders if you felt that was implied.
I know what you mean, I didn't feel like you were casting any shade. I wasn't trying to cast any shade either, I just am very weary of "digital" currency regardless of explicit or implicit safeguards.
All I was trying to say is that diversification of assets is the least risky path. In the event "end times", a bird in the hand is worth two in the bush.
Again not trying to cast shade. There are people reading these forums that have absolutely no idea exactly how money works, just trying to give a risk inverse perspective.