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MI128: Why Buy Bitcoin w/ Andy Edstrom
Millennial Investing - The Investor’s Podcast Network
Bit Coin
6min Snip
00:00
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Gold is considered effectively the scarcest major form of money, or monetary asset in the world so clearly that it has an advantage on scarcity. One of the beauties of the bit coin network is it's impossible to fake a bit coin. The divisibility of bitcoin is very strong. Can you divide your gold pile into three pieces if you want? At least each of those keys is worth at least its own acoute value. Same with cash,. i describe what i describe as setting up a multi signature scheme, which is something that is native to the block chain and can't be faked.
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