Yes, maybe in a decade. Until then, precious metals are a great form of cash accessible to everyone. Bitcoin is great too but all of these have their strengths and weaknesses. Use them for what they're worth to you

Reply to this note

Please Login to reply.

Discussion

It's very complicated to verify the purity and dimensions of said metals. Back to the Lydian Empire, the coin minters were using some of the ideas of Pythagoras to mess with the diameter and weight. Imagine how much you can tamper with those today. For everyday transactions, în case of power or internet outages, people would rather turn to barter locally. Then again, I imagine priorities would be very different that day. Plus, just the top 10% would transact in sats in meaningful volumes anyway.

Agreed. And gold and silver are just another type of barterable commody with many characteristics that have made it the most desired commodity over the ages