I predict that bitcoin will usurp gold's role as a Store of Value but it will empower silver as an emerging private cash Medium of Exchange.
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.
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 everyday 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 will make silver great again as it brings awareness to the value of non-IOU money.
#bitcoin
#silver
#gold
Minnaar
npub137…6375k
2024-02-12 16:38:07
Author Public Key
npub13700uhjmtvfl49n4drcr0qg7rk863m8rzqdgceddpfwh2ejlumdqn6375kPublished at
2024-02-12 16:38:07Event JSON
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"content": "I predict that bitcoin will usurp gold's role as a Store of Value but it will empower silver as an emerging private cash Medium of Exchange. \n\nLightning is still quite challenging for most people to hold their own keys and manage their own payment channels.\n\nOther Layer 2 solutions like Liquid and eCash are digital Promissory Notes that require trusting third parties to honor their I.O.U.'s. \n\nThese are all useful but it is important to know and manage your risks.\n\nI 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 everyday commerce. \n\nSilver 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. \n\nI believe Bitcoin will make silver great again as it brings awareness to the value of non-IOU money. \n\n#bitcoin\n#silver\n#gold",
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