Minnaar on Nostr: The Pros and Cons of Physical Silver as a Medium of Exchange Pros: - Private/bearer ...

The Pros and Cons of Physical Silver as a Medium of Exchange

Pros:

- Private/bearer asset
- Does not require a trusted third party
- no transaction fees
- Easy to validate
- Scarce (Store of Value)
- Durable (Store of Value)
- Divisible
- Does not require electricity/connectivity to spend or validate
- Physical

Cons

- Not practical for micropayments or very large payments
- Not practical for distance trading due to shipping and insurance costs.
- Physical

What else can you add to this list?

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