I get what you’re trying to do, but the benefit of silver is it’s physical value. The second we move to a silver crypto we find ourselves in the same place as we are now with SLV certificates... we would put our trust In the idea that the crypto would be backed by real wealth, but an epic amount of fraud happens behind the scenes.
The challenge is to make sure that the place that stores the silver actually keeps as much of the physical silver as they claim they have, and that they keep it safe.
Thats why I envision this idea as a local community endeavour. Every community has a currency system like this backed by the silver owned by the people in the community. People within a community need to be able to trust each other. Without this, there is no way humanity can survive. This is also why we need common culture, values etc within a community.
No matter how hard this Awakening is, what comes after is going to be harder - not so much as painful, as having to change our fundamental belief system
I get what you’re trying to do, but the benefit of silver is it’s physical value. The second we move to a silver crypto we find ourselves in the same place as we are now with SLV certificates... we would put our trust In the idea that the crypto would be backed by real wealth, but an epic amount of fraud happens behind the scenes.
The challenge is to make sure that the place that stores the silver actually keeps as much of the physical silver as they claim they have, and that they keep it safe.
Thats why I envision this idea as a local community endeavour. Every community has a currency system like this backed by the silver owned by the people in the community. People within a community need to be able to trust each other. Without this, there is no way humanity can survive. This is also why we need common culture, values etc within a community.
No matter how hard this Awakening is, what comes after is going to be harder - not so much as painful, as having to change our fundamental belief system
Typical bullion vaults are audited daily by reputable independent precious metals auditing companies