Post
PANews
·
--
Last year's "Bitcoin vs Tokenized Gold" debate at Binance Blockchain Week continues offstage......
In a recent interview video, gold bull Peter Schiff once again outright denies the claim that "Bitcoin is digital gold." He believes that the true asset deserving of this title should be tokenized gold—assets that circulate on the blockchain but are backed by physical gold.
In the interview, he re-CUEed CZ, stating that at that time CZ handed him a one-kilogram gold bar and emphasized that Bitcoin's advantage lies in its "immediate verifiability."
In response, Schiff still argues that tokenized gold also possesses immediate verification capabilities because it operates on the blockchain as well, with no essential difference in underlying logic.
In a recent interview video, gold bull Peter Schiff once again outright denies the claim that "Bitcoin is digital gold." He believes that the true asset deserving of this title should be tokenized gold—assets that circulate on the blockchain but are backed by physical gold.
In the interview, he re-CUEed CZ, stating that at that time CZ handed him a one-kilogram gold bar and emphasized that Bitcoin's advantage lies in its "immediate verifiability."
In response, Schiff still argues that tokenized gold also possesses immediate verification capabilities because it operates on the blockchain as well, with no essential difference in underlying logic.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.