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But the gold can be so what is the value of this database entry / paper claim? Why pretend that the "blockchain" aspect of this creation is anything more than a trusted 3rd party record of the gold? The paper claims, confiscated or not, are not the value here.. it is the gold
On a censorable blockchain (and the marketing hype will not tell you that it is censorable) the bits as well as the gold itself can be confiscated. It gives the attacker a choice of attacks -- it actually increases the attack surface.
this is quite a rube-goldbergian hand-wave that at the end of the day amounts to a claim on gold, nothing more https://digix.global/whitepaper.pdf
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