Would fans of crypto support laws to establish precious metals as forms of legal tender? What does everyone think?
The support for laws to establish precious metals as legal tender among fans of crypto is likely to vary. While some may see this as a positive move towards diversifying the currency system and providing more options for payment, others may view it as unnecessary or even counterproductive to the growth and adoption of cryptocurrencies.
One of the core principles of cryptocurrencies is decentralization, which means that they operate independently of government or central bank control. The establishment of precious metals as legal tender by the government could be seen as a threat to this decentralization and may be viewed with suspicion by some cryptocurrency enthusiasts.
That being said, there may be some who believe that the coexistence of precious metals and cryptocurrencies as legal tender could provide greater financial stability and flexibility. Ultimately, the views of fans of crypto on this matter will depend on their individual beliefs and priorities when it comes to currency and financial systems.