Have you looked at Civil Forfeiture laws?
Would you rather travel with a million dollars worth of silver, fiat currency, or crypto?
At least I can scatter and disguise a key and password well enough that the feds can't seize my crypto wallet.
Until they seize your device and now it is like a pirates buried gold. Nobody has the wealth and they torture you until you tell them how to get it or you die.
Why not invest a little in both? Although I'd personally recommend a little heavier in silver than crypto.
Silver consistently holds its value over time. Crypto is very volatile, but depending on which coins you pick, it's highly possible to hit a 10x if not more. Plus if you look at the main coins since inception, they do tend to increase a lot on average.
Exactly. I mine and invest in and out of crypto but I stack and hold silver. Look at the price of silver right now. It may never be like this again. It's almost not even profitable for miners at this price point. They are doing everything in their power to keep the price down.
Silver is currency only if other people deem it so. If the power goes out for a week, not sure how many people or establishments near me would accept silver coins as payment. Silver bars are out of the question, you can't easily break it down into smaller denominations.
Silver & gold are more of a store of value rather than a currency.
I guarantee you that if all the power went out worldwide, which is what it would take to eliminate crypto, silver also wouldn't be worth shit at that point.
Bitcoin and most other cryptos can be surveilled, but Monero is a truly anonymous crypto. It obfuscates wallet addresses, amounts, and IP addresses, so it's not possible to use blockchain analysis methods on it.
There are a lot of other great things implemented in that project, let me know if you have any questions
Secrecy? It’s open source. You can read the code yourself and it’s been open source since the beginning. That’s akin to saying “I don’t like this mathematical proof because I don’t know who made it”.
It is a communication system but moreover it’s a unchangeable database that can be used as a ledger or for other purposes. And its all done with no centralized authority. That’s the kicker!
The fine thing about a combination of crypto and silver is that you can easily exchange, without having to involve any (((middlemen))). Some places already have ATM's where you can exchange between crypto and precious metals.
Genuine question: I understand the idea of silver and precious metals, but what's stopping (Them) as the Powers That Be from just simply saying "Tough titties, your silver is worth this instead?"
Why crypto? How about... Silver!
Silver is still currency when the power goes out.
That's right. Crypto is a solution in search of a problem.
.........and it’s gone.
Have you looked at Civil Forfeiture laws? Would you rather travel with a million dollars worth of silver, fiat currency, or crypto? At least I can scatter and disguise a key and password well enough that the feds can't seize my crypto wallet.
Until they seize your device and now it is like a pirates buried gold. Nobody has the wealth and they torture you until you tell them how to get it or you die.
Why not invest a little in both? Although I'd personally recommend a little heavier in silver than crypto.
Silver consistently holds its value over time. Crypto is very volatile, but depending on which coins you pick, it's highly possible to hit a 10x if not more. Plus if you look at the main coins since inception, they do tend to increase a lot on average.
That's why crypto is an investment and not a real currency.
When you convert your crypto, you have to pay capital gain on your return.
Who do you have to pay? Are we paying for our prisons?
I like GME the superstonk. Silver second place. Lots of land and properties close third place.
Exactly. I mine and invest in and out of crypto but I stack and hold silver. Look at the price of silver right now. It may never be like this again. It's almost not even profitable for miners at this price point. They are doing everything in their power to keep the price down.
So much this. EVERYTHING has gone up, dollar obvs losing ground but the metals are holding LOW if it isn't obvs by now...
Silver is currency only if other people deem it so. If the power goes out for a week, not sure how many people or establishments near me would accept silver coins as payment. Silver bars are out of the question, you can't easily break it down into smaller denominations.
Silver & gold are more of a store of value rather than a currency.
I guarantee you that if all the power went out worldwide, which is what it would take to eliminate crypto, silver also wouldn't be worth shit at that point.
Lol I’ve thought that at times. I diversified but heavily invested in brass.
I like LEAD.
That point seems to be over looked by many.
Bitcoin and most other cryptos can be surveilled, but Monero is a truly anonymous crypto. It obfuscates wallet addresses, amounts, and IP addresses, so it's not possible to use blockchain analysis methods on it.
There are a lot of other great things implemented in that project, let me know if you have any questions
That’s the same thing as saying “don’t use instant messaging or email because that’s just a way for them to get rid of privacy.
If you use crypto in a secure way it’s very private and there won’t ever bay a way for them to associate a transaction with an individual .
Secrecy? It’s open source. You can read the code yourself and it’s been open source since the beginning. That’s akin to saying “I don’t like this mathematical proof because I don’t know who made it”.
It is a communication system but moreover it’s a unchangeable database that can be used as a ledger or for other purposes. And its all done with no centralized authority. That’s the kicker!
Look up Monero and PirateChain.
Crypto can't be seized as you travel unless you do nothing to secure your key and password.
Why not both?
Crypto for any digital purchase
Silver for every physical purchase
The fine thing about a combination of crypto and silver is that you can easily exchange, without having to involve any (((middlemen))). Some places already have ATM's where you can exchange between crypto and precious metals.
An ATM that transacts precious metals and crypto directly seems pretty unique - do you know where they exist?
Dubai, but it's still rare due to low demand.
Genuine question: I understand the idea of silver and precious metals, but what's stopping (Them) as the Powers That Be from just simply saying "Tough titties, your silver is worth this instead?"