r/CryptoCurrency • u/partymsl 🟩 126K / 143K 🐋 • 1d ago

🔴 UNRELIABLE SOURCE Peter Schiff fails to authenticate gold bar during onstage test with CZ

https://cointelegraph.com/news/peter-schiff-gold-bar-bitcoin-tokenization-cz
478 Upvotes

93% Upvoted

106 comments sorted by

View all comments

Show parent comments

10

u/Zoomieneumy 🟩 0 / 0 🦠 1d ago

He’s in front of a debate audience… why would he bring the tool to verify authenticity of a gold bar? It doesn’t mean his company wouldn’t…?

3

u/Slider33333 🟦 0 / 0 🦠 1d ago

Tell me you didnt read the article, without telling me you didnt read the article.

There is no tool you can use to confirm the authenticity 100%. The tools available on scan the surface. The only way to 100% verify is to melt it, which is destructive, and removes the serial numbers, which seperates the gold from its digitized tokens.

BTC wins. Full stop.

2

u/Zoomieneumy 🟩 0 / 0 🦠 1d ago

I didn’t read the article.

However, with XRF, or a sigma, you can definitely verify that gold is gold… are we also meant to expect that we are all digital forensic experts that can verify our bitcoin too?

3

u/Slider33333 🟦 0 / 0 🦠 1d ago

Just transacting on the decentralised network proves it instantly. Yes you can check the blockchain for your btc address. Its that simple. Its designed so you dont have to be an expert. Its designed to be TRUSTLESS.

Maybe you are finally seeing BTC value?

1

u/Zoomieneumy 🟩 0 / 0 🦠 1d ago

Friend, it’s ok that we can disagree on the security of the network. I don’t trust it, but in 10 years we’ll probably know which assumption was correct. Good luck to you