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

Reply to this note

Please Login to reply.

Discussion

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?

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

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

Who pays for things in gold

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

You mean exchange it for usd

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