Why Bitcoin Is Better Than Gold by Wences Cesares

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In this video, founder and CEO of Xapo Wences Cesares argues that for the first time in human history, mankind has invented something that operates superior to gold as the best form of money. He explains that money does not need to be backed by anything and in fact has never been backed by anything. He also explains that people conceive gold to have value because it is very scarce and therefore has operated as the best “ledger” for over 5,000 years. However with bitcoin, it is as good a ledger as gold since it is very scarce and cannot be duplicated.

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