Digitization of everything has already proven to have unintended consequences, in some areas. For example, take the U.S. Health Records digitization movement: I was reading an article today, as I waited for my doctors appointment, that was describing how badly the move from paper to digital has been going so far - and it's going very, very badly. In fact, $36 Billion in U.S. government spending has created a complete fustercluck for doctors, patients, insurance, regulators, etc. So, just because something seems good in theory, it doesn't always work out in practice.
I would argue that something similar could happen here with the digitization of money. Whether you have cryptos, FIAT, or precious metals - they all have their uses, pros, and cons. However, there will always be that element of society which insists on the free use of cash/money for the simple right of freedom and self-determination - and they will avoid cryptos, vote for politicians who promise to preserve cash or precious metals as legal tender, not to mention the criminal element/black markets which will always find ways around the man-made systems of currency exchange and tracking.
The same thing goes for building and living. Despite the conveniences of modern living, automobiles, and machinery, you have to have some respect for a solitary man who decides to check out of the rat-race, trek out into the wilderness with a canoe full of supplies, and build his own log cabin - for a 2-year break from civilization.
Digital information systems have amazing properties and abilities, but they are not yet a panacea for solving every problem of mankind. They may be more so in the future, but we're not there quite yet. People will always value diversified solutions which provide redundancy and backups for failure and crisis situations. Next to the digital, I believe there will always be purists who like to stick with the physical - with "what works." Not to mention the fact that the gap between the technically literate and illiterate will only continue to widen as that technology becomes more advanced - which will drive a portion of the population in another direction, away from high-tech.
Precious metals always spike in value during times of war, crisis, financial catastrophe, etc. There is no reason to think that, in general terms, the human animal will suddenly "evolve" through the next world crisis, and collectively decide to turn to high-tech solutions as opposed to real, physical, kinetic solutions which are tired and true. Gold and silver have always been money, for as long as there has been money, and that's not about to just up and disappear from our experience.
Digitization of everything has already proven to have unintended consequences, in some areas. For example, take the U.S. Health Records digitization movement: I was reading an article today, as I waited for my doctors appointment, that was describing how badly the move from paper to digital has been going so far - and it's going very, very badly. In fact, $36 Billion in U.S. government spending has created a complete fustercluck for doctors, patients, insurance, regulators, etc. So, just because something seems good in theory, it doesn't always work out in practice.
I would argue that something similar could happen here with the digitization of money. Whether you have cryptos, FIAT, or precious metals - they all have their uses, pros, and cons. However, there will always be that element of society which insists on the free use of cash/money for the simple right of freedom and self-determination - and they will avoid cryptos, vote for politicians who promise to preserve cash or precious metals as legal tender, not to mention the criminal element/black markets which will always find ways around the man-made systems of currency exchange and tracking.
The same thing goes for building and living. Despite the conveniences of modern living, automobiles, and machinery, you have to have some respect for a solitary man who decides to check out of the rat-race, trek out into the wilderness with a canoe full of supplies, and build his own log cabin - for a 2-year break from civilization.
Digital information systems have amazing properties and abilities, but they are not yet a panacea for solving every problem of mankind. They may be more so in the future, but we're not there quite yet. People will always value diversified solutions which provide redundancy and backups for failure and crisis situations. Next to the digital, I believe there will always be purists who like to stick with the physical - with "what works." Not to mention the fact that the gap between the technically literate and illiterate will only continue to widen as that technology becomes more advanced - which will drive a portion of the population in another direction, away from high-tech.
Precious metals always spike in value during times of war, crisis, financial catastrophe, etc. There is no reason to think that, in general terms, the human animal will suddenly "evolve" through the next world crisis, and collectively decide to turn to high-tech solutions as opposed to real, physical, kinetic solutions which are tired and true. Gold and silver have always been money, for as long as there has been money, and that's not about to just up and disappear from our experience.
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