– Tokenizing real-world assets like gold & real estate (e.g Gold Exchange-Traded Funds) on a blockchain does not solve the issue of real-world enforcement mechanisms like courts, police, and the legal system.

– Tokenized gold or other commodities still rely on a centralized custodian and are subject to the same problems as physical ownership, such as confiscation.

– Stable coins pegged to fiat currencies (Tether USDT being the prime example) can also be frozen or seized by governments.

– Blockchains are often less efficient than centralized databases for most applications, except for the specific use case of neutral, censorship-resistant money like Bitcoin.

– Bitcoin is not a tokenized version of gold, but rather its own native digital asset with its own network and consensus rules.

– Bitcoin’s decentralized network of economic nodes enforces ownership guarantees, unlike other tokenized assets that still rely on centralized control.

– Venture capitalists (Wall Street) are incentivized to promote new blockchain projects as a way to allocate tokens to themselves, rather than providing real utility.

– The foundations for global money and the internet have already been laid with Bitcoin and TCP/IP respectively, making it unlikely that new protocols will replace them.

– Owning Bitcoin itself is superior to tokenized versions of real-world assets (Like the shitty BlackRock Bitcoin ETF) , as it provides true censorship resistance and self-sovereignty.

– Bitcoin is a better store of value compared to other financial assets, whether tokenized or not.

Link:youtu.be/ZoHbSSRLnxY?si…

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