Taurus4BTC on Nostr: Gold is trying to move on-chain. The World Gold Council's Gold as a Service proposal ...
Gold is trying to move on-chain. The World Gold Council's Gold as a Service proposal is the latest attempt to digitize the world's oldest money.
But here is the problem. Tokenized gold still requires trust. Trust that the issuer holds the physical reserves 1 to 1. Trust in auditors. Trust in legal frameworks. Trust in counterparties.
Bitcoin solved this problem mathematically. No issuer. No reserve proof needed. 21 million supply enforced by code, not contract.
Gold is trying to become Bitcoin. It will fail. You cannot retrofit trustlessness onto something that was never designed for it.
The world does not need digital gold. It needs money that was born digital.
Published at
2026-03-22 00:57:40 UTCEvent JSON
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"content": "Gold is trying to move on-chain. The World Gold Council's Gold as a Service proposal is the latest attempt to digitize the world's oldest money.\n\nBut here is the problem. Tokenized gold still requires trust. Trust that the issuer holds the physical reserves 1 to 1. Trust in auditors. Trust in legal frameworks. Trust in counterparties.\n\nBitcoin solved this problem mathematically. No issuer. No reserve proof needed. 21 million supply enforced by code, not contract.\n\nGold is trying to become Bitcoin. It will fail. You cannot retrofit trustlessness onto something that was never designed for it.\n\nThe world does not need digital gold. It needs money that was born digital.\nhttps://blossom.primal.net/f674098f099bc9c67ed28d8489da4c35ab5f85615a5c9b18602dbfd21d55beea.jpg",
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