Bitcoin is Bitcoin, nothing else goes with it.
Post
Paxenfast
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BullishTokenized Gold can be controlled by a specific authority, but this is not possible with BTC
The supply, demand, and everything else related to the currency we hold are under the control of the central bank. Only Blockchain technology can truly decentralize currency transactions. Although tokenized Gold relies on Blockchain technology, I don't consider it completely decentralized. Therefore, today I'm presenting my arguments for $BTC and against Tokenized Gold.
Fellow Binancians,
We are all familiar with how Bitcoin was established and how popular this currency system is today. The supply of Bitcoin on Earth is limited to 21 million, so there is no concern about inflation. Neither governments nor banks can exert their influence over it. It has no existence in the physical world; it is purely a virtual currency. Consequently, there is no chance of it being physically stolen. No central authority can control it. Transactions can be made with Bitcoin while keeping your identity private. If I transact using Bitcoin, no one can track me. Bitcoin relies on blockchain technology, and we know that nothing on the blockchain can be hacked. For this reason, Bitcoin is the gold of the digital age.
On the other hand,
Tokenized Gold is essentially just a 'digital receipt' that is dependent on a third party. If you are seeking true Decentralization, you simply cannot rely on a central custodian. The supply of gold continues to increase every year. We know what happens when the supply of anything increases. Gold tokens rely on a bank-like custodian, which fundamentally clashes with the core principles of blockchain.
Take XAUT for example: If the gold reserves held by the central custodian of this gold token were to be stolen, XAUT would become worthless. Here, we are dependent on TG Commodities Limited, the entity that issues XAUT.
Thank you for clicking on my post!
Binance is so trusted .
Paxenfast
2025-12-03
#BinanceBlockchainWeek #BTCvsGoId
The supply, demand, and everything else related to the currency we hold are under the control of the central bank. Only Blockchain technology can truly decentralize currency transactions. Although tokenized Gold relies on Blockchain technology, I don't consider it completely decentralized. Therefore, today I'm presenting my arguments for $BTC and against Tokenized Gold.
Fellow Binancians,
We are all familiar with how Bitcoin was established and how popular this currency system is today. The supply of Bitcoin on Earth is limited to 21 million, so there is no concern about inflation. Neither governments nor banks can exert their influence over it. It has no existence in the physical world; it is purely a virtual currency. Consequently, there is no chance of it being physically stolen. No central authority can control it. Transactions can be made with Bitcoin while keeping your identity private. If I transact using Bitcoin, no one can track me. Bitcoin relies on blockchain technology, and we know that nothing on the blockchain can be hacked. For this reason, Bitcoin is the gold of the digital age.
On the other hand,
Tokenized Gold is essentially just a 'digital receipt' that is dependent on a third party. If you are seeking true Decentralization, you simply cannot rely on a central custodian. The supply of gold continues to increase every year. We know what happens when the supply of anything increases. Gold tokens rely on a bank-like custodian, which fundamentally clashes with the core principles of blockchain.
Take XAUT for example: If the gold reserves held by the central custodian of this gold token were to be stolen, XAUT would become worthless. Here, we are dependent on TG Commodities Limited, the entity that issues XAUT.
Thank you for clicking on my post!
Binance is so trusted .
Paxenfast
2025-12-03
#BinanceBlockchainWeek #BTCvsGoId