Why dont we just make a crypto that is 1:1 backed by gold?! Have all the pluses of gold throught the ages without the minuses of it being heavy and hard to transfer by having a digital equivalent. Paper money used to be an IOU for gold. We need blockchain based currency that is with you in your pocket and able to send to anyone in the world by a click.

The video is a little bit bitcoin vs gold and i just dont see why we cant take the best of both and make the next leap in the evolution of money!