Good

#BTCvsGold

Brothers, ever since X was banned, I have rarely spoken. All the mouth-lifting cannot participate, and I am truly speechless. As for this event, let me share my thoughts.

Advantages of tokenized gold:
Fast transactions, divisible, and not as exhausting as moving real gold.

Disadvantages of tokenized gold:
Stability is both an advantage and a disadvantage. Want to get rich quickly? Sorry, it will only crawl slowly. Also, you must trust that the issuer really has the gold bars secured; you don’t want to find out one day that what you bought is….

Advantages of Bitcoin:
Bitcoin is the king of the digital asset world. It has no endorsements, doesn’t rely on gold bars, governments, or companies, and is supported solely by global computing power. It is scarce, portable, resistant to censorship, globally transactable in seconds, and during a bull market, it rises faster than your salary.

Most importantly: Bitcoin is truly decentralized; no one can shut it down. You don’t need to trust any company, just trust the math.

Disadvantages of Bitcoin:
Its volatility is so high that it makes you question if you are on a pirate ship. Scarcity is both an advantage and a disadvantage; those who hold the most Bitcoin can influence its price, especially if the big Eastern country doesn’t join in, the price volatility is completely manipulated by the mouth of certain X.

Summary:

If tokenized gold is the person you would bring home to meet your parents,
Bitcoin is that one you know is very dangerous but can’t help but keep dating.

#BinanceBlockchainWeek