Gold, Silver and Phisical Crypto

Reading blogs from http://jpkoning.blogspot.co.uk/ can be hazardous for the uninitiated, but are entertaining for the reemergent bitcoiner. Gold is a meme in bitcoin, going to zero, and this kind of thinking is also subscribed to by Mr Koning, one of bitcoins greatest detractors. We need all this gold silver and copper to make things. You could consider it a waste using it on coins, but also how much jewlry do you need and is a shiny coin a jewel substitute.

The thing about bitcoin and for that mater altcoin physical coins is that they are generally presented in pure metals. Gold or silver or copper (often plated with gold or rhodium). 

The good thing about this physical change is that it allows people to make small face to face purchases easily or to use mechanical toys and vending machines. trade without phones or the internet. The transactions need not be on a blockchain and can be anonymous. It also puta an interesting hedged security on the value on your money. For example a one once pure silver doge coin is worth more in metal than as crypto, but if Elon Musk makes a pump in 2052 it might go the other way and so people might start melting down doggy coins.

Valuable change means the people with the small change hold the real money. In times when resources are sparse money can be melted down and digital coins used instead, this would benefit the holders of the change and this would generally skew towards poorer more economically active people. That sounds nice.

http://www.trademe.co.nz/Browse/Listing.aspx?id=1038739885

Note: this sdiscussion is reffering to phisical coins which include private keys hidden somehow inside them or that can be exchanged for actual crypto.