birdflip on Nostr: Gold-backed digital tokens are the ultimate shitcoin. -relies on trust -non portable ...
Gold-backed digital tokens are the ultimate shitcoin.
-relies on trust
-non portable across space / time
-non redeemable for physical gold
-increasing supply ♾️
-normies will fall for it
The good news: it may delay Bitcoin adoption in the short term so that plebs can keep stacking.
Published at
2023-07-08 22:41:31Event JSON
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"tags": [],
"content": "Gold-backed digital tokens are the ultimate shitcoin. \n\n-relies on trust \n-non portable across space / time \n-non redeemable for physical gold \n-increasing supply ♾️ \n-normies will fall for it \n\nThe good news: it may delay Bitcoin adoption in the short term so that plebs can keep stacking.",
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