#wencescasares

[jobyboughey1]

What are some of the most influential people in the world saying about bitcoin? #TimDraper Venture Capitalist- Bitcoin will go to $250,000 a coin. #wencescasares Board of Paypal - One bitcoin will hit $1 Million Are you still not sure? Do not miss this opportunity... #bitcoin #thefutureofmoney #bitcoinprice #bitcointalk #crypto #donotmissit #JobyINCrypto https://www.instagram.com/p/BsYiNudAVwW/?utm_source=ig_tumblr_share&igshid=8a5dgr98an1v

[hamishmacewan]

Star Silicon Valley entrepreneur: Here's why bitcoin will be bigger than the internet

Anthropologists say that they can predict what’s going to emerge as money in any tribe because it always has six characteristics. Most of all, it has to be scarce. If it’s not scarce, you cannot trust it. People will create a fake. It also has to be divisible, transportable, durable, recognisable and fungible.

Those are the six things that make money, money. So gold emerged as the universal ledger and it was the best form of money we’ve seen for 5,000 years. Nothing has kept value the way gold has. Not the British pound, not the US dollar, not land, nothing. Not even close. Simply because of its scarcity. And some people believe — wrongly — that gold has some form of intrinsic value. And the truth is, the only value is that it’s scarce and it makes a good ledger. Bitcoin, like gold, doesn’t have intrinsic value. But in all but one of those six qualities, it is much, much better than gold.

In terms of scarcity, gold is scarce, but we still mine areas. Let’s say you buy 0.01% of the gold that there is today. Next year, it will be a smaller percentage, because we’ve mined some more. Right?

Same thing if you have some cash. With bitcoin, you buy something today, and it will be the exact same percentage of the 21 million coins that there can ever be. It’s perfect. We have never seen something so perfect from that point of view.