Bitcoin is arguably the most divisible, portable and durable store of wealth ever created. In the diagram below you can see the benefits of Bitcoin vs money and how it is shaping up to be the future of money.

The main proposition of bitcoin is that it is decentralised: anyone in the world with an internet connection can use the system and know their wealth and transactions are being secured by the largest computer network in history.

Our financial system today relies on a central party to be entrusted to broker our financial arrangements. The Bitcoin mining algorithm however, ensures a network of computers that don’t know each other will interact with each other in a trusted and reliable manner. It shifts control to a decentralized model removing layers of overheads and inefficient handling.

Basically, Bitcoin possesses all of the traits of money and improves upon them. Winklevoss Capital is famed for describing Bitcoin as “better at being gold than gold”.

In the domain of new product and technology adoption, when a product is superior, 10x better than its closest substitute, it will supersede its competition.