CZ: Tokenization of gold is not "on-chain gold"; it is essentially a "trust token".

[CZ: Tokenization of gold is not “on-chain gold”, it is essentially a “trust token”] CZ's post responds to Peter Schiff's launch of a tokenized gold product, pointing out that “tokenized gold is not true 'on-chain' gold”, but rather based on the promise of future delivery of gold by a third party, which can be fulfilled even in extreme situations such as management changes or wars.

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