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Replying to Avatar Minnaar

The Pros and Cons of Physical Silver as a Medium of Exchange

Pros:

- Private/bearer asset

- Does not require a trusted third party

- no transaction fees

- Easy to validate

- Scarce (Store of Value)

- Durable (Store of Value)

- Divisible

- Does not require electricity/connectivity to spend or validate

- Physical

Cons

- Not practical for micropayments or very large payments

- Not practical for distance trading due to shipping and insurance costs.

- Physical

What else can you add to this list?

#asknostr

#silver

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Kathi Black 1y ago

Cons: your family steals from you, if you trust them to much 😖

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