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Ok so what are those risks what are the trade offs. Thats what im asking

Universal: remove one, lose more if whatever else you put it in dies/is lost

No doggie coin: more risk of ending up with weaker buying power than other people, if doggie coin continues growing faster than Bitcoin

No Monero: more risk of police state rising up, more risk of being blamed for stuff, possibly more risk of being robbed due to people knowing how much money you have, etc.

No Bitcoin: can't use with retailers that only accept Bitcoin, etc.

No silver: more risk of ending up with weaker buying power, if silver to gold ratio continues historic patterns

No gold: more risk of ending up with nothing if electronics fail, unless you have lots of silver anyway

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Discussion

kyle-moore 2mo ago 💬 1

So mostly your decision is based on fomo

🇵🇸 whoever loves Digit 2mo ago 💬 1

What are you talking about?

kyle-moore 2mo ago 💬 1

I just think that the free market will settle on one coin that will do it all scale/trustlessness/privacy. A god protocol.

🇵🇸 whoever loves Digit 2mo ago 💬 1

How? Why would that happen, how could it even work?

kyle-moore 2mo ago 💬 1

Because its inefficient to work intercoin for trade because of market volitility. Eventually everyone just will want to join the biggest chain that can accommodate privacy and scale without the risk of being rugged by custodial scaling solutions

🇵🇸 whoever loves Digit 2mo ago 💬 1

Then why are there silver holders and a Bitcoin inventor instead of just everyone using gold?

And what's the actual process? Like can you explain with step 1 step 2 step 3 etc how people will stop using gold?

kyle-moore 2mo ago 💬 1

Gold isn't used as money and hasn't been for some time. I don't really have the process mapped out its just what I think the market will gravitate too in seeking efficiency

🇵🇸 whoever loves Digit 2mo ago 💬 1

Gold is definitely used as money and has been for all of recorded history... You're not making sense

kyle-moore 2mo ago 💬 1

Who pays for things in gold

🇵🇸 whoever loves Digit 2mo ago 💬 1

Basically anyone? You could inherit or find some gold unexpectedly and go spend it tomorrow

kyle-moore 2mo ago 💬 1

You mean exchange it for usd

🇵🇸 whoever loves Digit 2mo ago

No, it's your choice. I meant spending it. Any good pawn shop will accept it. I would suggest holding it until the dollar collapses first, though