#GOLD CANโT PROVE ITSELF ๐ฎโ๐จ
Yesterday in Dubai at #BinanceBlockchainWeek , #PeterSchiff held a gold bar.
@CZ asked: โIs it real?โ
Schiff: โI donโt know.โ
Thatโs the problem.
To verify gold 100%, you must melt it. Destroy it to prove it.
#bitcoin ?
Verifies itself in seconds. No labs. No experts. No trust. Just math.
Goldโs flaw: scarcity means nothing if authenticity canโt be proven.
5โ10% of global gold markets are counterfeit. Every bar requires trust.
$BTC requires trust in no one.
Gold: $29T based on โtrust me.โ
Bitcoin: $1.8T based on โverify for yourself.โ
When the worldโs top gold advocate canโt verify the gold in his own handโฆ the thesis is obvious.
Physical assets that canโt prove themselves will lose value to digital assets that can โ every block, forever.
This isnโt a debate.
It was a funeral.
