HSBC Gold Token!? #hsbc #digital #physical

Video Transcript

So here’s something interesting HSBC have launched a digital gold token that is a digital asset which is an IOU that references a fractional amount of ownership of gold stored in a vault but here’s the problem how do you know and how can you trust they have the actual

Gold stored in a vault somewhere there is no way of intrinsically connecting the physical asset in the real world to the digital coin or commodity in the digital world but there is two Commodities out there that do have a physical asset or energy that is referenced in digital form with a direct

Intrinsic connection between the two bridging Both Worlds that answer is Hash power and Bitcoin are digital Commodities that are intrinsically connected to the physical world of energy through the computational timestamps of producing the next block in the chain