{"type":"rich","version":"1.0","title":"Cyph3rp9nk wrote","author_name":"Cyph3rp9nk (npub1ln…arrnt)","author_url":"https://yabu.me/npub1lnms53w04qt742qnhxag5d6awy7nz6055flnmjkr6jg39hm86dlq7arrnt","provider_name":"njump","provider_url":"https://yabu.me","html":"Bitcoin is constantly underestimated and I think that even many Bitcoiners or people involved in crypto don’t understand Bitcoin and the different products around it and shitcoins.\n\nFor example, XAUt sounds very nice, a token backed by gold, but have you asked yourself what happens if:\n- Tether goes bankrupt?\n- Tether manipulates its reserves?\n\nDid you know it is a token on the Ethereum network (ERC-20) and it can be confiscated?\n\nThis also applies to stablecoins.\n\nAre you willing to put your money there? It doesn’t sound so nice anymore, right?\n\nThere is nothing like self-custodied Bitcoin except for self-custodied physical gold, with all the disadvantages that gold has.\n\nNow everything is being tokenized and I’ll tell you in advance that even stocks are going to be tokenized, but everything will continue to be the same old crap: permission to use, not private property, except for Bitcoin.\n\nAct accordingly."}