There can be multiple monies. Gold or silver in person and bitcoin online.
Discussion
Bro zoom out. Look at the 100 year silver graph. Why would you hold an inferior asset. It's a winner take all game.
Zoom out further. Look at the 1000 year history.
The good attributes of bitcoin rest on a foundation of social agreement. The good attributes of gold and silver rest on a foundation of nature.
Time and energy verified is the most natural foundation. Silver vs gold already played out. Gold failed when paper money was created. Bitcoin is now naturally winning. Slowly then suddenly.
Bitcoin is being coopted by the same forces that coopted gold and silver. Custodians, higher layers, ETFs, KYC/AML, treated like a stock for tax purposes, etc. That's essentially "paper bitcoin." All the same stuff that disabled gold and silver as money have happened or are happening.
We say "not your keys, not your bitcoin" and that's correct. By the same logic we can say "not cold hard cash in your hand, not your gold or silver."
Have you tried using bitcoin as money recently? It works great in a few cases but is far more tedious to use than in its heyday.
It has been a while since I used gold and silver as money. It also works great in a few cases but is also far more tedious to use than in its heyday.
I don't have to be anti-gold or anti-silver to be pro-bitcoin and neither does anyone else. We are on the same team. The goal is to get governments out of the money business entirely.
Would you revive silver as payment? I wouldn’t want to receive either. Seems kinda hard to get bitcoin out of it. Fiat is great for that. I can self custody bitcoin and verify it easy. Running a node is easy. Bitcoin is much more easy for me.