Binance CEO Changpeng Zhao (CZ) has criticized Peter Schiff's new tokenized gold product, arguing that it is not truly on-chain gold. CZ described the product as a 'trust-me-bro' token, which relies on trust in a third party to redeem the gold in the future. He highlighted this reliance on third-party trust as the reason why 'gold coins' have historically failed to succeed.
CZ Criticizes Peter Schiff's Tokenized Gold Product
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