CZ vs. Schiff: The Gold Bar No One Could Verify

[madmax]

CZ argues for Bitcoin as a better store of value asset. Source: Binance

At Binance Blockchain Week, CZ handed Peter Schiff a 1kg gold bar and asked him to verify it on the spot. Schiff couldn’t — sparking laughter and underscoring a key debate: gold’s verifiability problem.
While Bitcoin can be instantly checked by anyone running a node, confirming physical gold still requires trust, expertise, and expensive testing. The moment perfectly captured why the gold vs. Bitcoin store-of-value showdown isn’t going away.

[Nahid Hossen]

This incident shows why verification issues keep hurting gold’s reputation.

[Nahid Hossen]

Digital assets avoid these physical authenticity problems entirely.