Replying to Avatar Minnaar

Silver and gold are non-digital, bearer instruments that are great for in-person transactions without the need for connectivity or trusted third parties. As bearer instruments they are true "cash" with all the privacy benefits and they are an excellent "Layer 2" alternative to bitcoin.

Since most people in the world will be unable to afford an on-chain bitcoin transaction, gold and silver can be a valuable, trustless, and private form of untraceable cash and store of value at the local level.

Bitcoin actually makes it possible for gold and silver to shine again while filling a very important market need for local, private, trustless transactions.

eCash and other Layer 2 solutions require connectivity and/or trust.

Consider the strengths and weaknesses of all of these and plan accordingly

#bitcoin

#eCash

#gold

#silver

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Minnaar 1y ago

"Bearer asset" is probably a better descriptor than "bearer instrument" when discussing physical gold and silver

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