Metals are objectively a poor money. How will you send anyone at distance value?
Discussion
I try to keep my money local.
I can my money any dozen ways with digital commodities or coins. Once, the money is transferred store the wealth in the form of metals. Crypto is a good vehicle but not a good store of value. At least not right now.
You sound confused. It’s bitcoin, not crypto. I’d recommend watching some nostr:npub1s33sw6y2p8kpz2t8avz5feu2n6yvfr6swykrnm2frletd7spnt5qew252p content. He goes over why metals are bad money, why any “crypto” other than Bitcoin is a scam and why Bitcoin is the superior global money. Takes work to figure it out but anything good does. Good luck to you.
It’s possible. I simply making the case that Bitcoin maybe the superior today. But that might not be the case tomorrow. Why would someone not use #litecoin over #bitcoin. LTC is cheaper, transaction cost is cheaper, and faster transactions. With mass adopters no one cares about the hash rate. With #bitcoin, you need a device that has a wallet, you need network connectivity(telecom) and you need electricity power for #bitcoin to work. When money has dependencies it doesn’t make the best money. Physical metal I only need physical possessions.
Litecoin is centralized and 1000x more vulnerable by hash rate. It’s not a secure place for value. No one is building on it bc it’s vulnerable / variable / low
-liquidity garbage.
The market has already spoken and LTC has lost. All alts have lost. Markets are much smarter than you. I’ve given you the answers. Study harder. Figure it out.
Keeping money “local” isn’t realistic in the modern global world. 99.9999% of trading partners aren’t in your locality.
Money needs to be transferable across distance for the world to be functional as it exists today.
Yeah, sorry. I am not talking about global trade. I am talking about mass adoption. My largest monthly expense is housing, local. Buying food from my farmer, local. Buying my clothes second hand store, local.
You’re paying your mortgage locally in platinum? 😂😂😂😂
Cute delusional fantasy. I’ll stay in the real world.
Who said anything about a mortgage? Landlord prefers to transact without a mediator(bank). Finance systems doesn’t know we know each other.
I am living in the real world. It’s no financial institution or government organization business to know how and who I spend my money with. You must live in a world where your government doesn’t suppress its citizens.
Even if you have a weird metal for domicile situation (which I doubt) it’s still not feasible for the vast majority of people. Also it’s not feasible for the VAST majority of global commerce to use physical metals as money. Don’t play dumb. It doesn’t work.