Hang in there brother. There's life after a bad relationship. Take one day at a time and come back better and stronger
#art
#bitcoin
Peel it back further:
Life Hack for Deep Focus and Peak Performance
My Secret Ingredient : Yerba Mate Tea
For morning hot tea in lieu of coffee, I brew 2 teaspoons in a cup of hot water for 5 to 10 minutes. I then add coconut sugar, vanilla, half & half milk, and spices (cinnamon or hazelnut)
For the afternoons, I brew the same amount, add squeezed lemon, and pour over ice - no sweetener.
Takes about 30 minutes to start taking effect. It's my secret ingredient for deep focus and peak performance. Lasts several hours before tapering off.
This is a great form of caffeine that does not come with the jitters or irritability that sometimes comes from coffee
#art
#bitcoin
#art
#bitcoin
#art
#bitcoin
#silver
What's their margin over the gold value? Personally, I prefer coins. Easier to verify.
Have you ever held a real silver coin?
#art
#bitcoin
Important to remember when using IOU bitcoin
It's only "property" if it can be defended or if it is respected.
On the "defensive" front, it's hard to contain and restrict the use of an idea.
On the "respected" front, I could see the possibility of a voluntary agreement to share an idea in exchange for restrictions on its use. But even then, it is still hard to contain that idea and keep it from others figuring it out. So private agreements would likely only have short term effectiveness
Verification: You can verify by the distinct sound it makes when you drop the coin on a hard surface like a countertop.
Degredation: Yes, as a physical item it can degrade or dissolve in acid and it is subject to the forces of nature but there are still silver coins in existence from the Roman Empire so durability is good enough for most use cases.
Here is an argument I made on how bitcoin could actually increase silver demand:
How the Rise of Bitcoin Could Actually Empower Silver
I predict that bitcoin will likely usurp gold's role as a Store of Value but it might actually empower silver as an emerging private cash Medium of Exchange. Here's why:
Lightning is still quite challenging for most people to hold their own keys and manage their own payment channels.
Other Layer 2 solutions like Liquid and eCash are digital Promissory Notes that require trusting third parties to honor their I.O.U.'s (kinda back to where this whole thing started and what early bitcoiners were trying to get away from).
These are all useful but it is important to know and manage your risks.
I posit that there is an emerging place for silver as a true bearer cash asset with all the privacy benefits. And it can help solve the "last mile" problem for daily, in-person commerce.
Silver is a physical asset without counter-party risk which makes it a trustless savings and trading alternative for the millions of people who cannot afford an on-chain transaction.
I believe Bitcoin can make silver shine again as it brings awareness to the value of non-IOU money.
Continuing the thought:
Historically, gold was used primarily as a Store of Value and for large purchases.
The need to store it and protect it gave rise to centralized power structures that could control the vaults and cook the books, thereby gaining more power to forcefully push out competing currencies like silver.
Bitcoin puts the power of storage, security, and influence back into the hands of the individual allowing a non-IOU bearer cash asset like silver to re-emerge once again as a Medium of Exchange (and savings for those who don't have enough to afford on-chain bitcoin savings) with bitcoin taking on the new role as the premier Store of Value for larger amounts.
But this can only happen to any significant degree after the dollar collapse and the accompanying weakening of these centralized power structures who only survive by controlling the fiat printing press.
#silver
#bitcoin
#gold
Interesting. I consider it very easy to verify, extremely durable, and has nothing to with gold other than it is another precious metal
Do you have a source? This is what I found online showing that is closer to 3% - 4%:
Silver Supply Increase and Industrial Consumption
The percentage increase of silver supply and the amount consumed by industry that's not reclaimable vary yearly. Here's a breakdown:
Recent Trends:
2023: Estimated increase of 4% in total silver supply, reaching a new high of 1.055 billion ounces. This increase arose primarily from higher mine output exceeding 5%.
2024 (forecast): Expected 3% increase in total supply, reaching 1.02 billion ounces. Mine production is expected to rise 4%, indicating the main driver of growth again.
Industrial Consumption:
Roughly 50-60% of annual silver demand comes from industrial uses like electronics, solar panels, and medical applications.
Reclaimability:
Some industrial uses allow for silver recovery and recycling, although it varies depending on the application.
Studies suggest around 20-30% of industrially consumed silver gets recycled.
The remaining 70-80% is considered permanently lost or dispersed, contributing to a net depletion of available silver.
Sources:
Silver Institute: https://www.silverinstitute.org/silver-supply-demand/
Sprott: https://sprott.com/insights/consumer-trends-bode-well-for-silver/?alttemplate=printblogarticle
Gold Price Forecast: https://www.dailyfx.com/news/gold-silver-forecast-precious-metals-rally-to-come-under-threat-20230916.html
Important Note: These are estimates and forecasts, and actual figures may vary. The Silver Institute publishes detailed annual reports on silver supply and demand, offering the most comprehensive insights.
Silver Supply Increase and Industrial Consumption
The percentage increase of silver supply and the amount consumed by industry that's not reclaimable vary yearly. Here's a breakdown:
Recent Trends:
2023: Estimated increase of 4% in total silver supply, reaching a new high of 1.055 billion ounces. This increase arose primarily from higher mine output exceeding 5%.
2024 (forecast): Expected 3% increase in total supply, reaching 1.02 billion ounces. Mine production is expected to rise 4%, indicating the main driver of growth again.
Industrial Consumption:
Roughly 50-60% of annual silver demand comes from industrial uses like electronics, solar panels, and medical applications.
Reclaimability:
Some industrial uses allow for silver recovery and recycling, although it varies depending on the application.
Studies suggest around 20-30% of industrially consumed silver gets recycled.
The remaining 70-80% is considered permanently lost or dispersed, contributing to a net depletion of available silver.
Sources:
Silver Institute: https://www.silverinstitute.org/silver-supply-demand/
Sprott: https://sprott.com/insights/consumer-trends-bode-well-for-silver/?alttemplate=printblogarticle
Gold Price Forecast: https://www.dailyfx.com/news/gold-silver-forecast-precious-metals-rally-to-come-under-threat-20230916.html
Important Note: These are estimates and forecasts, and actual figures may vary. The Silver Institute publishes detailed annual reports on silver supply and demand, offering the most comprehensive insights.