Bitcoin is constantly underestimated and I think that even many Bitcoiners or people involved in crypto don’t understand Bitcoin and the different products around it and shitcoins.
For example, XAUt sounds very nice, a token backed by gold, but have you asked yourself what happens if:
- Tether goes bankrupt?
- Tether manipulates its reserves?
Did you know it is a token on the Ethereum network (ERC-20) and it can be confiscated?
This also applies to stablecoins.
Are you willing to put your money there? It doesn’t sound so nice anymore, right?
There is nothing like self-custodied Bitcoin except for self-custodied physical gold, with all the disadvantages that gold has.
Now everything is being tokenized and I’ll tell you in advance that even stocks are going to be tokenized, but everything will continue to be the same old crap: permission to use, not private property, except for Bitcoin.
Act accordingly.
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What about stock tokens or anything else similar on Bitcoin? Will it happen? If no, why not?
We tried that…
It turned into eth…
It’s bound to come back tho at some point…
Thought I saw something that was already out now too…
This is already possible with Bitcoin thanks to RSK, which offers the same features as Ethereum, but the key lies in the smart contract: the issuing company will always ensure that it can be frozen to comply with regulations.
tio, el 3 de abril saldra mi disco sobre bitcoin, es meme pero de calidad, pasate por mi perfil.
un saludo.