/biz/ - Business & Finance

The Silver Red Pill

Metals are the real thing, even though most of us discard them as stuff for boomers. Metals are the real crypto. Because scarce and decentralised is just a narrative for crypto, no crypto is really scarce and decentralised. For metals on the other hand this narrative is 100% true.

1. Scarcity: developer teams vs mother nature. Crypto is not scarce. You know how the narrative goes, "muh crypto is digital gold, finite supply, supply defined by an algorithm, not a central party". This is BUUULL…SHIT! These algorithms are created by humans, and they can be changed to, for example, increase supply. Even in bitcoin's case this is perfectly possible. With metals this is NOT possible.

2. Decentralised: again, dev vs mother nature. No cryptocurrency on earth is decentralised, in every single cryptocurrency the developer team can implement new features, or remove some features. So no cryptocurrency is really fixed in stone. Metals, on the other hand, cannot be changed. Every ounce of silver will have those properties that make it silver forever. Guaranteed by mother nature.

If tomorrow the world goes apeshit and you and your family find yourself in a life or death situation, where you must pay for safe passage, do you think they will take your bitcoin over some rich dude who pays with bullions of silver/gold? Not in a thousand years, rich people know this so they accumulate real wealth while we flip digital beans. Banks know this too, so they try to accumulate as much of these metals as possible. Once millennials get red pilled though they will start accumulating PHYSICAL silver (the most undervalued precious metal out there), and all the money made on crypto or about to invested in crypto will move to silver. The short squeeze WILL happen. And whoever moves first will make a shitload of money too!