This is exactly why pegging a crypto to something like gold makes it less secure and less valuable, even if common sense says otherwise.
The bigger problem to me is settlement. If you are using crypto tied to gold, eventually you have to settle. That means transferring the physical commodity to another part of the world.
If that isnt done, then you are pegging it to "paper" which changes things entirely.
The idea of commodity backed money is foolish and a myth people buy into like Santa Claus.
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