Can Gold & Silver Be Put On The Blockchain?

Many gold bugs and hard money advocates still see bitcoin as being an enemy of gold when, in fact, it is complementary to gold.
They’ll often point out there is ‘nothing backing bitcoin’ without, for even a second, realizing there is nothing backing gold either.
All value is subjective and in today’s digital age there is real value in being able to digitally transfer value nearly instantly worldwide at the click of a button for very little cost and in a way that no bank, government or other third party can block or steal.
But, with that said, nothing is a more proven store of wealth than gold and silver. And while technically nothing ‘backs’ gold and silver, it is pretty hard to imagine many scenarios where precious metals become worthless.

This post was published at Dollar Vigilante on June 28, 2017.