The current crypto crash is a good example of how the most notable currencies in crypto ultimately hurt adoption. They aren't stable. Most people want to keep their money in something stable and also want to think about prices in terms of something that is stable.

This is why the average person would never even consider a world where we all ditch fiat. But this creates a problem for people who want a more honest and free world. When everyone's root perception of value is arbitrary pieces of paper that one group of people can print, you are giving that group of people the license to own everything. That group of people is bankers. Specifically, the banks that have the closest ties to the Federal Reserve.

Well, crypto doesn't have to be volatile. It can actually be, by some metrics, more stable than the dollar. And this is technology we already have. By pegging a currency to the same value as real-world commodities, that currency will continue to buy the same amount of those commodities indefinitely. If you have ever bought Bitcoin, owning a digital currency that isn't insanely volatile is just as easy. It should be standard. Buying a volatile crypto should be one of the more dangerous and rare things that a few people do.

Ok. So, gold-backed crypto is better than Bitcoin. But how can it be better than fiat?

It can easily be better than fiat if people adopt it.

• It's digital first.
• It's more secure to transact than a credit card.
• If online stores made the option available, it would be infinitely more secure than using a credit card online.
• It has lower transaction fees than credit cards. Of course, the merchant usually eats those fees, but they are passing on the cost to us. We could cut that down by a factor of 10.
• Stop experiencing inflation
• It's inherently global
• Helps end currency wars and petro-dollar wars
• You can't be de-banked from it
• Switching from cash to it vs switching from cash to plastic doesn't come with the same puppet strings that make us warry of a purely digital world
• It is not a CBDC (central bank digital currency) that can be manipulated the way a CBDC can.

The only thing it needs is mass adoption. There are a few stages of adoption. The key thing is to focus on improving the stage we are in. It would be nice to have online stores accepting it. Bitcoin is there even if it is less deserving. But before stores will take it, it needs to be common. It has to be common before they will take it, rather than the other way around. So the trick is to increase the percentage of people who have $20 worth of it. Not only does that increase the number of people who can pay with it, but it also increases the number of people who will accept it.

If you have $20 of it, you will be happy to make it $22. But if you have none and someone gives you $2 worth, they basically threw out $2 by giving it to you because that's money you won't think about.

If we all go and buy $20 worth, then we are now in a community where everyone has and values PAXG. That's how you replace a currency. Now, anyone can send anyone money with a simple bit of text. No one has to dox themselves to do it. And no one has to be exposed to the volatility of Bitcoin. And maybe it's just my politics here, but I think you are doing a public good if you do that. It improves the possibility that we migrate past USD. We can move past a situation where all of us are forced to value and chase pieces of paper that someone else can print. There is almost certainly something undiginfied in spending your entire life doing that. Besides that it's probably going to outperform money that's sitting in the bank just rotting away, the way USD is designed to do.

So what is the difference between PAXG and XAUT? Not much. They are both considered to be pretty secure gold-pegged crypto. I'd suggest diversifying between them if you put real money into it. Why just have security when you can have security^2.