Precious metals will never be viable currency so long as dealers continue charging such high premiums over spot.
This is only possible bc the govt mint doesn't sell directly to the public.
Imagine if you had to wait 6-18 months to break even every single time you bought #Bitcoin.
The silver penny was in use in its pure form for around 500 years.
In the Middle Ages, there were several occasions when old silver coins, such as the silver penny (at 1/240 British pounds), were withdrawn in an exchange ratio of 10:9. This means that 10 old coins were exchanged for 9 new coins. Only the new coins were valid on the market.
Unfortunately, something like this can also be realized with Bitcoin. Only valid Bitcoin if they were traded via a government address. That's why Monero should always be kept in the back pocket.
There is nothing to identify a particular bitcoin. There are wallet flows but that is not the same thing. Hard to get all he nodes in the world to go along. You can control the miners, maybe, for a little while. Hard to keep that either.
Oh no
The silver to Bitcoin’s gold argument
Yall remember Litecoin right?
