How many of you ever thought that someone would bring up an idea of making gold digital just like Bitcoin and all crypto currencies. They say they'll be doing it through something called the Ordinals protocol
Bitcoin for all these years has been seen as the digital gold and it has made a lot of people rich. For me, I already said this before, I don't have the spine to trade and watch my money rise and fall so I couldn't ever do crypto investments but Bitcoin has made so many people rich that's why they call it the digital gold.
Now instead of just maintaining that as a nickname, they actually want to attach physical gold to it? I know a lot about traditional currency than I do about crypto I'll be honest here but Bitcoin was supposed to be its own thing. It's not another asset people can invest in like gold but they want to connect the two.
On the top of my head, the first reason why I think anyone would come up with such an idea is an attempt to make it stable that's all. If they manage to do this, they'll ruin the coin,.you might as well make a new Crypto and call it Goldcoin and let that be backed by gold. The Freedom people get in crypto, they want get in gold so maybe that freedom might be taken anyway if you connect the two.
Their main objective is to tokenize gold on the Bitcoin blockchain. I don't have much details, but maybe it'll look like how Cent or Leo tokens is on Hive Blockchain? Maybe I'm wrong about it. But do you think that'll make Bitcoin any better?
Yes, gold is the ultimate "safe" asset and in theory Bitcoin could be safer by doing that but this is a move that'll will only reduce Bitcoin’s real potential. Maybe some companies like BlackRock want to take over completely and this might be their way of stabilizing the token.
