it simply is too unwieldy to accumulate physical silver unless one is willing to literally use the backyard to store such, and do not mind burdening eventual intended beneficiaries w/ hard labour; but yes, silver would actually transact whenever times go hard, whereas gold shall likely just disappear into hiding.
perhaps Bitcoin is bitgold, and Ethereum is ethersilver
I am a stakeholder of an up and coming utility token casperlabs.io and have been learning somethings about how it all works, from conception to staking to ICO coinlist.co and onward transaction processing. Even as I have been doing so since March 2020 am a newbie and understanding vaguely perhaps 1% of all there is to understand.
Important parts, that (i) the price can go up, (ii) there is an interest / inflation-proof rate, but (iii) to take off as utility, price must remain reasonable, a lot higher than when ICO, but nothing like BTC / Ethereum and the other cryptos. The first (3?) months only open to non-Canadians, non-Americans, and non-Chinese (the mainland). Something to do w/ regulatory this and that.
Hoping that it all leads somewhere, anywhere, good. If so when so, a wonderful world.
What will Americans invent next?!
The utility token just linked w/ gold by way of Anthem and acts as a glue of sort (the level of my understanding) that which replaced / booted out Ethereum, and I am told the more such happen the better for my flavour of the glue - yes, my level of understanding is pitiful, and I really just want the price to go up, enough as an honest investment return, and not a reward for speculation that is Ethereum (the glue the price of which goes up, naturally limiting the utility function of the increasingly expensive glue, is my level of perhaps misguided understanding blog.casperlabs.io
Still early days of utility tokens. BTC likely also still early day, whereas Ethereum might get knee-capped or otherwise hiccupped, or revamped because it is a flawed utility token, I am told.
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