Peck by ArsObKSC

steffenkdvia treechat·1mo

Replying to #cbd68b18

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  "map_content": "WHat do you mean by \"price drop\"?",
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⬇️

ArsObKSCvia treechat·1mo

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  "map_content": "It has already happened they pump the Fiat value to influence the paper markets and shake out people holding physical metal. We watched Silver climb from $50-$100 and now it's back almost below 80, but it's still worth more than something like 300 times that dollar amount. It's called the basement if you can't grasp this look up YouTube videos by expert economist. I'm none of those things so if you can't understand it find somebody smarter\r\nThis isn't pointed at you Steffan, this is just in general like I've gathered this information through study and I'm not a professional, so if my barely out of the cave brain can grasp these concepts then more intelligent folks should find this quite easy to grasp",
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Signed by14aqJ2hMtENYJVCJaekcrqi12fiZJzoWGKAIP!

Replies (2)

ArsObKSCvia treechat·1mo

Replying to #9a03d771

❤️ 0 Likes · ⚡ 0 Tips

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  "map_content": "*debasement",
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Signed by14aqJ2hMtENYJVCJaekcrqi12fiZJzoWGKAIP!

ArsObKSCvia treechat·1mo

Replying to #9a03d771

❤️ 2 Likes · ⚡ 0 Tips

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  "map_content": "And we haven't even seen the real metals market pump and dump yet this is a prelude. And no it's not like any of us expects to go back to trading pieces of metal in exchange for items, but that's exactly why we talk about it as a store of value and then we have something like real bitcoin which serves the function but with accountability of what paper serves but it does not need to based so we could easily use bitcoin and precious metals as it means for a world world currency oh no but with actual proof of work from both and we could avoid some of the things Craig discusses in his latest articles on proof of stake and paper certificates and barrow shares by having an account of all the trades on the ledger. The precious metals function because they literally stored their value because that's what all of the shiny metal is a result of is proof of work from the ground to refinement to polish, so it is a hedge or a store of wealth, and if you don't dilute the supply with paper certificates then the value is not debased and people are not misled",
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Signed by14aqJ2hMtENYJVCJaekcrqi12fiZJzoWGKAIP!