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TechFlow news, October 23: CZ responded to Peter Schiff's launch of a tokenized gold product, pointing out that "tokenized gold is not truly 'on-chain' gold," but rather based on trust in a third party's promise to deliver gold in the future, a trust that must hold even under extreme circumstances such as management changes or war.
CZ responded to Peter Schiff launching a tokenized gold product, pointing out that "tokenized gold is not truly 'on-chain' gold," but rather based on a promise of future delivery by a third party, relying on trust that can still be honored even under extreme circumstances such as management changes or war.
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