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
Same can be said for holding bitcoin on an exchange or just about any other custodial situation where you don't control the private keys.
#art
#bitcoin
#silver
Nice. I also like to call it "war-bucks" and "Matrix Money" 👊
#art
#bitcoin
Actually, I predict that there will be a growing demand for real images and reputations will be made for offering those exclusively
UPDATE
I am always creating new artworks but I only sell or spend into circulation a maximum of one full Minnaar each month. The rest are added to my collection and are made available for exchange only.
This creates a scarcity of circulating supply while providing an abundance of expanding exchange opportunities for those who own my work and wish to experience different Minnaars over time.
How to Get a Minnaar and The 777 Club
Until fully subscribed, I am now opening up a monthly subscription opportunity where you can reserve and purchase a set amount of fractional Minnaars each month. Subscriptions start as low 1/777th of a Minnaar.
Once the subscription allotment hits the 1 Minnaar monthly limit, subscriptions will be closed and the only way to buy a Minnaar will be on the secondary market in our Collector Forum.
Contact me now to request a subscription and lock-in your membership in The 777 Club.
To learn more, visit https://StevenMinnaar.com
#art
#bitcoin
Unpopular Opinion:
There is no "Layer 2" bitcoin
#art
#bitcoin
So this requires trust in Liquid since L-BTC is "IOU" bitcoin. Not a bad thing as I consider the Liquid Federated model to be quite robust. Just know the risks and account for them.
So, basically, the funds sit in Liquid until a Lightning payout is needed at which time an atomic swap is made correct?
Surfing the wave of Liquid network and providing easy access to Bitcoin and USDt to those who need it the most. 🌊 https://v.nostr.build/O5vG.mp4
How are Liquid and Lightning handled under the hood in AQUA? How are the funds held? Are they held in Liquid and then converted to Lightning at the last minute?
New #Art
New artwork:
“Minnaar Mirror” – 39″ × 31″ mirror and frame, signed.
One of most beautiful works of art is the one you see in the mirror.
#art
#bitcoin
#treasure
