<oembed><type>rich</type><version>1.0</version><title>Cyph3rp9nk wrote</title><author_name>Cyph3rp9nk (npub1ln…arrnt)</author_name><author_url>https://yabu.me/npub1lnms53w04qt742qnhxag5d6awy7nz6055flnmjkr6jg39hm86dlq7arrnt</author_url><provider_name>njump</provider_name><provider_url>https://yabu.me</provider_url><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.&#xA;&#xA;For example, XAUt sounds very nice, a token backed by gold, but have you asked yourself what happens if:&#xA;- Tether goes bankrupt?&#xA;- Tether manipulates its reserves?&#xA;&#xA;Did you know it is a token on the Ethereum network (ERC-20) and it can be confiscated?&#xA;&#xA;This also applies to stablecoins.&#xA;&#xA;Are you willing to put your money there? It doesn’t sound so nice anymore, right?&#xA;&#xA;There is nothing like self-custodied Bitcoin except for self-custodied physical gold, with all the disadvantages that gold has.&#xA;&#xA;Now 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.&#xA;&#xA;Act accordingly.</html></oembed>