The debate between CZ and Peter Schiff on the advantages and disadvantages of Bitcoin and tokenized gold has begun, with CZ stating that Bitcoin is easier to verify authenticity than gold BlockBeats News: On December 4th, CZ and economist and cryptocurrency critic Peter Schiff officially began the debate on "Bitcoin vs. tokenized gold" at Binance Blockchain Week. Peter Schiff stated that in the future, tokenized gold tgold will offer two extraction methods: extracting physical gold bars or coins (which can be extracted according to the required specifications), and extracting corresponding gold tokens of equal value. Peter Schiff stated that the token will serve as a proof of claim for the corresponding gold in the vault, similar to a 'locker pick-up voucher', which can be redeemed for physical gold at any time. CZ presented a gold bar and asked Peter Schiff to appraise it on site. Schiff stated that since he has never seen the markings of the casting institution before, it is impossible to confirm the authenticity and requires inspection to confirm. He also pointed out that the color of the gold bar is slightly different from its 24K gold jewelry. Zhao Changpeng said, "Gold is difficult to identify easily, but Bitcoin is easy Peter Schiff stated that the on chain transfer of Bitcoin is only an update to a record and does not convey any physical or property rights; And tokenized gold transfers the actual ownership of physical gold in the vault on the chain, so the source of value is clear and verifiable. He pointed out that the value foundation of gold comes from its unique physical properties, industrial use, central bank reserve demand, and durability spanning thousands of years, making it one of the few assets that can truly maintain purchasing power on a scale of hundreds or thousands of years. Even though gold can be tokenized, become more divisible, and easily tradable, its value is still supported by the physical gold itself, rather than confidence or emotions.