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)
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)