Minnaar on Nostr: The Pros and Cons of Physical Silver as a Medium of Exchange Pros: - Private/bearer ...
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
Published at
2024-02-19 13:32:51Event JSON
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"content": "The Pros and Cons of Physical Silver as a Medium of Exchange \n\nPros:\n\n- Private/bearer asset\n- Does not require a trusted third party\n- no transaction fees\n- Easy to validate \n- Scarce (Store of Value)\n- Durable (Store of Value)\n- Divisible \n- Does not require electricity/connectivity to spend or validate\n- Physical \n\nCons\n\n- Not practical for micropayments or very large payments\n- Not practical for distance trading due to shipping and insurance costs.\n- Physical \n\nWhat else can you add to this list?\n\n#asknostr\n#silver\n",
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