#比特币VS代币化黄金

I haven't posted in a long time, today I would like to discuss my views on gold and BTC

Conclusion first:

1. BTC can serve as a complement to the current monetary system, but cannot replace gold

2. Tokenized gold is a supplement to gold; in special market conditions, tokenized gold is not gold

Suddenly I don't feel like typing, just chatting casually

First point

In the current system, gold → currency → commodity

Gold cannot be artificially created, and its advantages such as durability make it a natural currency, still applicable in extreme environments like the collapse of a nation or post-nuclear wasteland

BTC is artificially created, easily verifiable, but requires a network, and has high volatility; its immutability relies on the longest chain principle. If a revolutionary computer connects to the blockchain with overwhelming computing power, it can alter block content (considering black swan scenarios, which also depend on network and computing power)

Second point

Tokenized gold can be seen similarly to liquidity tokens like ETH or SOL, with the following issues

(a) Liquidity issues,

(b) Dependence on blockchain, considering whether the blockchain is decentralized and the reliance on network and computing power, as well as hackers,

(c) Whether the collateralized gold is real gold or fake gold, or just air, is it 1:1 or 1:many

(d) If the issuer goes bankrupt, the tokenized gold loses its collateral of gold

There may be other thoughts as well, but I can't think of them at the moment