💥 #DigitalCoins do not exist. 💥 #DigitalTokens do not exist. 💥 #DigitalAssets do not exist. 💥 #CryptoCurrencies do not exist. WHAT❓ Answer: Yes, that's correct! ✅ Digital coins, digital tokens, digital assets, tokenized real estate, tokenized #RWA, #CBDCs, and cryptocurrencies DO NOT EXIST ON THEIR OWN, as they are merely Journal Entries on some Ledger. The same holds for #bitcoin (the asset.) 👉 ONLY DIGITAL LEDGERS EXIST 🎯 The Bitcoin Ledger is the only ledger that ... - can never be corrupted by humans. - will never have counterparty risk. Every attempt at mimicking Bitcoin's Ledger (Bitcoin's Timechain) relies on the ethical standards and good judgment of people to ensure security and integrity. As such, these ledgers are flawed and will be changed, censored, co-opted, manipulated, compromised, and corrupted over time. You should ask: Who is safeguarding my digital ledger entries? If there's a who, that who is the counterparty risk, the weak 🔗 link! If it is your wealth, your family's wealth, your company's treasury, or the world's wealth being safeguarded, then ONLY THE BITCOIN LEDGER WILL DO. For everything else, well, a plethora of so-called #Blockchains are out there. But, note, that smarter solutions are found in AWS!
Bingo; and precisely why financial institutions need to be working towards integration with said ledgers. They are the new networks for internet native streaming money - value storage and transaction without counter party risks.
Building Crypto's Consensus...
5moI like your entire argument until the end. Bitcoin hasn't made it to the promised land yet. It has a long way to go.