Crypto has value if it takes resources to mine and it has some degree of finiteness to it depending on which one it is and how many people adopt. Computers and electricity aren't free.
An object's value is not determined by the effort that went into it. That's literally a Marxist view of value. An object's value is determined by the perceived utility to the buyer.
So how do make things private? By not using computers? You think they don’t have sats and drones that can see through roofs and walls? I mean unless you’re doing all your physical silver transactions in a lead walled bunker chances are that if they wanna see what you’re doing they can. And even if you did use said bunker you would be red flagged instantly. Digital communication is as secure as you make it. Obviously if you’re using Apple or Microsoft products for security sensitive applications then you truly don’t have any real privacy. There are a lot of other options now a days that are very privacy centric.
Fuck crypto. We need privacy to go along with our sound money.
^^^Exactly.
TL;DR, entire thread -
Precious metals are archaic relics, you need crypto!
Crypto is a Ponzi scheme, you need precious metals!
You need both precious metals & crypto!
Every... Damn... Time...
Crypto has value if it takes resources to mine and it has some degree of finiteness to it depending on which one it is and how many people adopt. Computers and electricity aren't free.
That's great but not my point.
Every PM or crypto thread anywhere devolves into the exact same 3 positions, nothing new comes out of it.
There are silver/gold backed crypto's if that's what you mean. I don't read about those.
An object's value is not determined by the effort that went into it. That's literally a Marxist view of value. An object's value is determined by the perceived utility to the buyer.
I could have worded that better.
Use cash as much as possible , a bit of silver is a good backup !
So how do make things private? By not using computers? You think they don’t have sats and drones that can see through roofs and walls? I mean unless you’re doing all your physical silver transactions in a lead walled bunker chances are that if they wanna see what you’re doing they can. And even if you did use said bunker you would be red flagged instantly. Digital communication is as secure as you make it. Obviously if you’re using Apple or Microsoft products for security sensitive applications then you truly don’t have any real privacy. There are a lot of other options now a days that are very privacy centric.
You don’t understand crypto if you don’t understand how it can be private.
Good lord. Did Peter Schiff hire a bunch of shills to come to this board or something? LOL!
I understand that it comes out of thin air and is backed by nothing but hopes and dreams that people think its worth something.
Showing your ignorance.
Read “The Bitcoin Standard” and learn about money. SMH