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 covers your point. If you can pay with a silver crypto then they likely accept silver coin as well. Problem is there's a lot of fake silver coins and they have to have a quick way of spotting counterfeit coins.
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.
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.
Point #3 -
That covers your point. If you can pay with a silver crypto then they likely accept silver coin as well. Problem is there's a lot of fake silver coins and they have to have a quick way of spotting counterfeit coins.
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.