<oembed><type>rich</type><version>1.0</version><title>McSats wrote</title><author_name>McSats (npub16k…rdyt7)</author_name><author_url>https://yabu.me/npub16klw5eunl5djraxcvm5rzdxd9y57d0w87g8lgd8t9q3usjh7pwnsnrdyt7</author_url><provider_name>njump</provider_name><provider_url>https://yabu.me</provider_url><html>Tether creating a #gold backed crypto feels fundamentally contradictory. Gold bugs (especially the ones I know) like gold precisely because it’s physical, analog, and doesn’t require trusting digital systems (the exact opposite of crypto). &#xA;&#xA;As wealth transfers to millennials, they’re far more likely to buy bitcoin than “tokenized gold” being that they are digitally native.&#xA;&#xA;This gold backed crypto seems misaligned with both audiences. Also, fuck Peter Schiff. </html></oembed>