It's Official: Saudi Arabia, Iran, Argentina, Egypt, Ethiopia and UAE will become full members of BRICS on January 1st 2024.
(twitter.com)
🤑 DOLLAR COLLAPSE 💥
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Utility. Try bringing much silver and gold across a border or on a plane. (Crypto can be in your head - just remember a phrase). Try buying things w silver and gold. Don‘t get me wrong, I have all 3, more silver and gold. But counterfeit düsilver and gold is a BIG problem. Makes daily use near impossible (with new coins.) For store of value they are great, as is BTC and ETH. (Well, these two are getting there.)
If you watched brics meetings they already have a digital app used in India to move money so no need for crypto.
Second the idea of heavy money is so it's hard to steal and remains in a vault.
Crypto gets stolen from backdoors in wallets and is not secure.
Oh, the goverments of China, Russia, India, etc. have a digital money so we don‘t need crypto? LOL Are you trying to help my argument by being silly? You do realize that China‘s money is tied to social scores, right? And Brics will eventually follow. All govts. will try.
Hardware wallets are secure. Software wallets not so much.