While I completely agree with moving many real assets to NFTs or other blockchain (including real estate), in order to have a currency (intermediary for barter) you must have an exchange mechanism (local) between your crypto and the real asset itself. It also must be one to one (no fractional reserve bullshit). In other words, you need infrastructure to hold the assets (like banks, linked together in many places).
This is a serious hurdle, but a necessary one. It will take quite a few people on board to make this happen.
I see no way of "holding your own silver tied crypto". That makes no sense to me. How do you "buy" something if you haven't actually exchanged a real asset in any meaningful way? How do you link a silver asset to its own crypto without a trusted exchange bank?
The infrastructure must be in place. In truth, it already is in the form of all the FRN banks we have. Once we take down the Fed it becomes easy. Alternatively if we could get all the Silver shops on board, we could make it work that way as well, but there has to be a method of exchange between the cyber and the real or it just becomes another fiat.
The precious metals world has reputable auditing companies that verify the labeled physical bars daily for vaults (Bullionvault is one that I've used before)
Well, the silver refiners do stamp bullion. You could always use photos of silver bullion to prove the asset exists, or get refiners to issue certificates on a block chain.
you deposit your own silver in exchange for a depository note, which happens to be silvercoin
Totally cool with that, but if it isn't local and the exchange doesn't go both ways, its not "real." This is the reason for infrastructure. These exchange banks need to be nationwide, or at least there has to be enough people doing this in a local place for it to catch on.
The point is, there must be an exchange infrastructure set up so that real and crytpo can be exchanged, one to one, with relative ease (not pay 50 bucks in gas to go to the "bank" e.g.). This could easily work for a single city, if enough people were on board with it.
Perhaps that might be the path. Get a single city (or decent size town) to do it, show the way, and it will likely catch on real quick, especially once the SHTF.
There was a project built on Skycoin that was doing something like this with blockchain backed metal trading seem to have lost the name of it at the moment.
Skycoin has its own programming language called CX which is similar to GO but made for blockchain, its a full programming language but for blockchain also everyone gets there own blockchain so it scales with as many parallel CX chains as you like.
Skycoin is also building their own Skywire meshnet so its more secure and so that it cannot be shut down due to the fact that each packet of data looks the same and deep packet inspection would not be possible and they cannot track the packets easily due to way the network forwards the packets.
I feel like we need to build the decentralized infrastructure to free ourselves from all this control its the only way, each person with their own blockchain to do their own tweets, youtube channels etc so only you control your data but with Skycoin's tech other people can help you mirror the data so you don't need conventional hosting which can be shut down.
I also feel like after Q has done their thing we can have a much brighter future away from all this fascist big tech crap but unless its decentralized there will always be a way to shut down shadowban or otherwise control each person.
While I completely agree with moving many real assets to NFTs or other blockchain (including real estate), in order to have a currency (intermediary for barter) you must have an exchange mechanism (local) between your crypto and the real asset itself. It also must be one to one (no fractional reserve bullshit). In other words, you need infrastructure to hold the assets (like banks, linked together in many places).
This is a serious hurdle, but a necessary one. It will take quite a few people on board to make this happen.
I see no way of "holding your own silver tied crypto". That makes no sense to me. How do you "buy" something if you haven't actually exchanged a real asset in any meaningful way? How do you link a silver asset to its own crypto without a trusted exchange bank?
The infrastructure must be in place. In truth, it already is in the form of all the FRN banks we have. Once we take down the Fed it becomes easy. Alternatively if we could get all the Silver shops on board, we could make it work that way as well, but there has to be a method of exchange between the cyber and the real or it just becomes another fiat.
The precious metals world has reputable auditing companies that verify the labeled physical bars daily for vaults (Bullionvault is one that I've used before)
Well, the silver refiners do stamp bullion. You could always use photos of silver bullion to prove the asset exists, or get refiners to issue certificates on a block chain.
Totally cool with that, but if it isn't local and the exchange doesn't go both ways, its not "real." This is the reason for infrastructure. These exchange banks need to be nationwide, or at least there has to be enough people doing this in a local place for it to catch on.
The point is, there must be an exchange infrastructure set up so that real and crytpo can be exchanged, one to one, with relative ease (not pay 50 bucks in gas to go to the "bank" e.g.). This could easily work for a single city, if enough people were on board with it.
Perhaps that might be the path. Get a single city (or decent size town) to do it, show the way, and it will likely catch on real quick, especially once the SHTF.
There was a project built on Skycoin that was doing something like this with blockchain backed metal trading seem to have lost the name of it at the moment.
Skycoin has its own programming language called CX which is similar to GO but made for blockchain, its a full programming language but for blockchain also everyone gets there own blockchain so it scales with as many parallel CX chains as you like.
Skycoin is also building their own Skywire meshnet so its more secure and so that it cannot be shut down due to the fact that each packet of data looks the same and deep packet inspection would not be possible and they cannot track the packets easily due to way the network forwards the packets.
I feel like we need to build the decentralized infrastructure to free ourselves from all this control its the only way, each person with their own blockchain to do their own tweets, youtube channels etc so only you control your data but with Skycoin's tech other people can help you mirror the data so you don't need conventional hosting which can be shut down.
I also feel like after Q has done their thing we can have a much brighter future away from all this fascist big tech crap but unless its decentralized there will always be a way to shut down shadowban or otherwise control each person.
We have become too Dependent.
Decentralization requires us to become Independent.
Allowing us to self-organize Interdependent systems.
Thank you for introducing me to REITs