Silver?
I love how big of a drive there is for that today.
A quick search back and your find my personal thoughts on silver.
We all should do what we truly believe is in our best interest.
But I simply don’t see silver being anything to hedge a future in.
There’s just too much of it.
It’s literally investing in dirt. Because nowhere in the United States can you dig virgin soil beyond the top few inches and not have some level of silver. ppm but silver none the less.
Useful but unlikely to have any of the televised jumps.
One thing people miss with crypto is it’s not (generally) the item you’re investing in. It’s the technology. The action and activity.
Fundamentally you’re returning to the age of investment-to-guide.
Token holders have votes. They guide the tech by “burning” their tokens as votes. Votes that pass tend to have a turn out of tokens for the passing voters.
Wise decisions that have majority approval can make changes without permanent cost.
Yet the more radical decisions will still be considered. The minority that wants a change can simply throw money at it to have the change implemented. If the change failed to market they have permanently lost that investment. If it works the token output return will pay back on the cost.
It’s capital economics at the social level.
The spending, commerce, aspect is separate.
For one thing there’s millions of tokens and “coins” out there. But only a handful can be used to directly buy or sell as real currency.
Bitcoin, litecoin, ETH, sure.
And smaller tokens like atom or tron. They have their market uses.
The vast majority need to be converted (sold) into another token or coin for external use. It’s a case where volatility actually creates safety. It keeps hit and run attacks to a minimum.
A major attack this week made me an on-paper billionaire for a few seconds. Lol-hahaha.
Attachment:
7E2CEC56-8EF7-4402-B6DA-3F6AA9868C99.png [ 1.2 MiB | Viewed 2804 times ]
System safeguards and speed of transactions made sure nobody actually cashed out. No harm from the jump.
No token or coin or commodity exists in a large enough scale at a fast enough conversion to be an attack vector.
That said:
NFTs?
Wow. I want a digital copy of something.
NFTs of real objects have a bizarre point.
Take the drawing Paris Hilton did of her cat.
You literally destroy the original and then the digital representation is the only one.
But then you start getting copies of the copy? Uh… uhhuh. Sure.
Then we get to the game company releasing the same item to anyone willing to buy it and the only difference is the block chain number?
That’s not artificial scarcity, that’s just … stupid.
Sure: 1, 7, 13, 666, 777, 99, and 999… instant collectibles.
But that’s not how they system works and that’s never going to expand outside of a core community. It’s a misuse of the tech.
It does show something though: the uses (even misuses) are incredible.
From a contract standpoint the number on the chain can tell the difference between original and copy. No forgeries. No double dipping. No floating or kiting.
It’s binary. Yes and no. On or off.
Original or not.
And there’s no hiding a transaction. Sender and recipient may be anonymous. But the transactions are public. No hiding away in secret.
It’s truly and interesting moment in finance right now. In contracting. In tech as a whole.