Silver is exploding

[joswift]

jeff this is the future

Hes sayimng Silver is now worth $100 an ounce... if the $100 cant buy you a loaf of bread its fucking worthless.

Having fort Knox in your garden is fucking useless unless you can exchange it for cash

[Irongrip400]

at the end of the day if all currencies crash gold and silver will still be worth fuck all

If they devalue currency to zero then what are you going to exchange your lumps of metal for?

Stock up on lead and brass. Only two metals you need to worry about if the world goes to shit.

[IroNat]

Canned food will be currency along with bottles of vodka and whiskey.

[joswift]

Canned food will be currency along with bottles of vodka and whiskey.

and a braille Bible.. the only one left

[MAXX]

at the end of the day if all currencies crash gold and silver will still be worth fuck all

If they devalue currency to zero then what are you going to exchange your lumps of metal for?

That's sort of a dichotomy.

All currencies can't crash. People still need something to be used for trade simplicity i.e. a currency. in this modern digital world we live in.

Fiat currencies are sensitive due to manipulation by governments, also corruption and thus inflation.

That is what speaks strongly for Bitcoin, as a world currency. As it can't be manipulated, debased, inflated. And it's not impractical use of trade as means for everyday trade as gold or silver.

[joswift]

That's sort of a dichotomy.

All currencies can't crash. People still need something to be used for trade simplicity i.e. a currency. in this modern digital world we live in.

Fiat currencies are sensitive due to manipulation by governments, also corruption and thus inflation.

That is what speaks strongly for Bitcoin, as a world currency. As it can't be manipulated, debased, inflated. And it's not impractical use of trade as means for everyday trade as gold or silver.

A currency gives gold and silver value, its not the other way around...

[MAXX]

A currency gives gold and silver value, its not the other way around...

first of that was not an argument I was meaning to make. re-read again

second you are wrong in that imo

a fiat currency only has value because of promises and agreements

[joswift]

first of that was not an argument I was meaning to make. re-read again

second you are wrong in that imo

a fiat currency only has value because of promises and agreements

and Gold and silver has value because?

Is it because someone promises to give you some currency in exchange for it...?

[Dave D]

That's sort of a dichotomy.

All currencies can't crash. People still need something to be used for trade simplicity i.e. a currency. in this modern digital world we live in.

Fiat currencies are sensitive due to manipulation by governments, also corruption and thus inflation.

That is what speaks strongly for Bitcoin, as a world currency. As it can't be manipulated, debased, inflated. And it's not impractical use of trade as means for everyday trade as gold or silver.

I think it is impractical as trading gold or silver or even stocks. Do you think bitcoins pricing, which is dollar based, is stable? With such a limited number how can you determine a fair trade for a pizza or a new roof? Or are people going to develop a new currency based on bitcoin and then when it all ends up in the hands of an elite few will we need a new currency system?

Whats bitcoins value based on?  It’s “scarcity?

On paper the idea sounds good but it will be corrupted like anything else.

[MAXX]

I think it is impractical as trading gold or silver or even stocks. Do you think bitcoins pricing, which is dollar based, is stable? With such a limited number how can you determine a fair trade for a pizza or a new roof? Or are people going to develop a new currency based on bitcoin and then when it all ends up in the hands of an elite few will we need a new currency system?

Whats bitcoins value based on?  It’s “scarcity?

On paper the idea sounds good but it will be corrupted like anything else.

Yes based on the scarcity, and inability for manipulation. And being algoritm based. Meaning it can't be manipulated/inflated in the way governmental controlled/bank controlled fiat.

bitcoin has just as big/less chance at getting in the hands of the wealthy and powerful as any other currency. No more no less. It is just a means for trade and value storage.

only threat to bitcoin is governmental ban of using it otherwise it would probably grow to be world currency and replace us dollar.

[That_Dude]

and Gold and silver has value because?

Is it because someone promises to give you some currency in exchange for it...?

They have production and manufacturing value (Gold moreso than silver)

[Dave D]

Yes based on the scarcity, and inability for manipulation. And being algoritm based. Meaning it can't be manipulated/inflated in the way governmental controlled/bank controlled fiat.

bitcoin has just as big/less chance at getting in the hands of the wealthy and powerful as any other currency. No more no less. It is just a means for trade and value storage.

only threat to bitcoin is governmental ban of using it otherwise it would probably grow to be world currency and replace us dollar.

Yeah I hear people say this but it doesn’t make sense. Bitcoins value is based on what the dollar says it’s worth.  If bitcoin becomes a currency let’s say a pizza cost 1 bitcoin, then a week later one bitcoin can buy 7 pizzas. Because someone dies and they have 1000 bitcoins secured in a “locker” that no one has access to. Bitcoins become even more scarce, once a bitcoin is gone it’s gone forever.

Is the thought that because it’s limited it will stop inflation?

[MAXX]

and Gold and silver has value because?

Is it because someone promises to give you some currency in exchange for it...?

because they have use in various fields, mainly electronics. And also of course jewelry.

But the electronic field is growing as we know so the use is increasing.

Silver especially has increased in price because of its use in circuit boards and the increasing use of AI which has made demand for circuit boards and thus also silver shoot up.

[obsidian]

Just about 2 years ago I bought 240oz at $32….

Today…

Silver traded sideways for more than a decade and even declined during Bitcoin’s formative years. I’m glad it’s finally repricing. I think it still has plenty of upside — it's very undervalued relative to the S&P 500. Gold is also still significantly undervalued, in my opinion.

I bought 100 oz of silver at $15. For many years, I questioned why I even bothered. I never sold, of course, so now I’m curious to see just how high it can go.

[obsidian]

because they have use in various fields, mainly electronics. And also of course jewelry.

But the electronic field is growing as we know so the use is increasing.

Silver especially has increased in price because of its use in circuit boards and the increasing use of AI which has made demand for circuit boards and thus also silver shoot up.

Gold and silver’s practical use cases account for only a small portion of their value. The majority of their price is driven by speculation and investment demand — the belief that they will be worth more in the future. One could even argue that industrial use creates an incentive to suppress prices: if metals become too expensive, electronics and other manufactured goods become more costly, reducing sales and profits. Manufacturers benefit from stable, low input costs, not expensive metals.

The current repricing is largely driven by geopolitics. China and other nations are hoarding gold and silver in response to the weaponization of the dollar through sanctions and the freezing of Russia’s USD reserves.

[obsidian]

Yes based on the scarcity, and inability for manipulation. And being algoritm based. Meaning it can't be manipulated/inflated in the way governmental controlled/bank controlled fiat.

bitcoin has just as big/less chance at getting in the hands of the wealthy and powerful as any other currency. No more no less. It is just a means for trade and value storage.

only threat to bitcoin is governmental ban of using it otherwise it would probably grow to be world currency and replace us dollar.

I don’t agree that Bitcoin’s value comes purely from scarcity. Zcash and Monero have similar scarcity, yet their values are far lower. Scarcity alone isn’t enough.

Bitcoin’s dominance comes from its first-mover advantage and the fact that its ledger is transparent rather than fully private. Governments and institutions prefer transparency for compliance and tracking, making Bitcoin far easier to adopt widely than privacy-focused coins like Zcash or Monero.

While Bitcoin’s capped, algorithmic issuance matters, it is not absolutely immutable. In theory, the finite supply could be changed with just a few lines of code. If mining becomes unprofitable as block rewards diminish, there could be pressure to introduce a tail emission to incentivize miners. Even BlackRock has acknowledged that Bitcoin’s finite cap is not guaranteed.

The real drivers of Bitcoin’s value are network adoption, liquidity, and regulatory acceptability, which create a positive feedback loop that Zcash and Monero cannot match.

Bitcoin is less of a threat to traditional finance than Ethereum. BTC mainly challenges fiat as a store of value, while ETH has the potential to disrupt financial infrastructure through permissionless finance and programmable money.

Bitcoin is not immune to wealth concentration — any currency can be hoarded by the wealthy — but it is resistant to discretionary inflation and manipulation in ways that government-controlled fiat is not.

The main existential risk to Bitcoin is government bans or regulatory crackdowns. Without such intervention, it could plausibly continue growing as a global digital asset.

There’s also a structural risk: Bitcoin’s security budget may not scale with its market cap. Currently, the network’s security — driven by miner rewards — is estimated at around $10 billion, which may be insufficient if Bitcoin’s market cap ever reaches $10 trillion. This could create pressure to adjust incentives, such as introducing a tail emission, to maintain network security.

[obsidian]

That's sort of a dichotomy.

All currencies can't crash. People still need something to be used for trade simplicity i.e. a currency. in this modern digital world we live in.

Fiat currencies are sensitive due to manipulation by governments, also corruption and thus inflation.

That is what speaks strongly for Bitcoin, as a world currency. As it can't be manipulated, debased, inflated. And it's not impractical use of trade as means for everyday trade as gold or silver.

Bitcoin is limited to roughly 6–7 transactions per second, or about 500,000–600,000 transactions per day. The Lightning Network has not functioned as a reliable scaling solution in practice, so Bitcoin has not meaningfully scaled at the base layer.

Ethereum, by contrast, has scaled through a large and active Layer-2 ecosystem, and the Layer-1 itself has also improved its throughput. As a result, Ethereum has achieved far greater real-world transaction capacity than Bitcoin.

https://forklog.com/en/ethereum-ecosystem-achieves-record-24000-tps/

Ethereum Ecosystem Achieves Record 24,000 TPS
Ethereum ecosystem hits a record 24,000 TPS with Lighter's contribution.

The Ethereum ecosystem has reached a new all-time high in transactions per second (TPS). Following the inclusion of data from the L2 network by the decentralized exchange Lighter, the figure hit 24,192, according to Growthepie.

[Dokey111]

Someone once said that when things go tits up, a bar of soap is worth more than a bar of gold.

[gib]

Bitcoin is limited to roughly 6–7 transactions per second, or about 500,000–600,000 transactions per day. The Lightning Network has not functioned as a reliable scaling solution in practice, so Bitcoin has not meaningfully scaled at the base layer.

Ethereum, by contrast, has scaled through a large and active Layer-2 ecosystem, and the Layer-1 itself has also improved its throughput. As a result, Ethereum has achieved far greater real-world transaction capacity than Bitcoin.

https://forklog.com/en/ethereum-ecosystem-achieves-record-24000-tps/

Ethereum Ecosystem Achieves Record 24,000 TPS
Ethereum ecosystem hits a record 24,000 TPS with Lighter's contribution.

The Ethereum ecosystem has reached a new all-time high in transactions per second (TPS). Following the inclusion of data from the L2 network by the decentralized exchange Lighter, the figure hit 24,192, according to Growthepie.

You are confusing technological traits, vs perfect money. There are an infinite number of alts and schills on the premise "being better than BTC", all of which are hyped, rug-pulled, thin liquidity, and irrelevant. That phase has long come and gone, and of 1,000,000+ "alts" all but a handfull, for all intents and purposes, are irrelevant.

[IroNat]

Q:What is the first rule about keeping gold and silver in your home?

A: The first rule is don't tell anyone you keep gold and silver in your home.

[joswift]

because they have use in various fields, mainly electronics. And also of course jewelry.

But the electronic field is growing as we know so the use is increasing.

Silver especially has increased in price because of its use in circuit boards and the increasing use of AI which has made demand for circuit boards and thus also silver shoot up.

Fucks sake.. I know what its for, Im just saying to exchange it for food and services you need to be able to sell it in exchange for currency

Cash is a medium of exchange we can all use, Gold and Silver isnt, try getting a haircut with a shaving of gold or silver