I don't think it's harming the efficacy of gold and silver. As a bartering medium, gold and silver is still good. But Crypto can allow for larger transfers without it being prohibitive in size.
I can easily imagine an ultra-wealthy & exclusive crypto just for very rich people being introduced outside of normal currency exchanges.
That's what were really talking about here: a breakdown in the monopoly of currencies.
I don't think it's harming the efficacy of gold and silver. As a bartering medium, gold and silver is still good. But Crypto can allow for larger transfers without it being prohibitive in size.
I can easily imagine an ultra-wealthy & exclusive crypto just for very rich people being introduced outside of normal currency exchanges.
That's what were really talking about here: a breakdown in the monopoly of currencies.