@SpaceLifeForm TBH, all #currency - even antique #metal #coins - is based off #fungibility.
- That's why #BurgerKing in #Germany accepted #USD and not just #Euro and would happily sell me a Cheeseburger for a $5 note just as with a €5 note ( they only exchanged in Euro but that's beyond the point).
The reason why I can't even buy fries with 5.000 KPW [North Korean Won] has nothing to do with North Korea, but entirely with the fact that noone wants that money.
- And that fungibility is why the #USD is even relevant and why the #Euro is stable: Because you can actualy buy shit with it.
#Gold, #Silver, #Platinum and even #Copper are not only inconvenient beyond small sums because they weight a lot but because their value sometimes fluctuates harder than #Monero and with the exception of Copper there had been Mass #Confiscations aka. state-based #theft of these per law.
Therefore it's absurd to think that any metal- or other commodity-based currency could be established that would see actual use-case beyond being an expensive #Shitcoin aka. #SecuritiesFraud-based #Scam.
The only reason #Bitcoin has any value is because #Billionaires and #Oligarchs use it to commit #TaxFraud and #CapitalFlight in order to have an #ExitStrategy left if or rather when their #Oligarchy - regardless if #Russia, "P.R." #China, #UK or #USA implodes to buy themselves in elsewhere as "#EconomicRefugees" or rather #fugitives in a juristiction that doesn't extradite them for their *"#WhiteCollarCrime".
The only reason #Ethereum has any value is because it's the more "accessible" alternative to Bitcoin so mere #Millionaires can afford similar "#AssetProtection" strategies ...
#Monero derives it's value not by having #Billions in on-paper-value locked in but entirely upon it's #fungibility and speed as a #PaymentSystem, beating #Hawala and #MoneyTransfer providers by so wide margins that it feels like #US-style #ACH Money Transfers getting steamrolled by #SEPA #WireTransfer: They ain't even in the same millenium!
So if you want to sell me on some #RareMetal #investment scheme: Please fuck off!
If not, disregard the last sentence...
Thanks.
