The Chain: Dan Morehead & Wences Casares

Featuring Dan Morehead & Wences Casares

In the fifth link of The Chain, CEO of Pantera Capital Dan Morehead sits down in Woodside, California, with Wences Casares, Founder and CEO of XAPO, for a fascinating look at the fundamental needs for Bitcoin and why it is the “native internet global currency”. Wences shares his amazing story of how he was introduced to Bitcoin and the efficiency to exchange without an intermediary. The discussion reminds us of the fantastic opportunities and risks of investing in the Bitcoin revolution.

Published on
27 November, 2015
Topic
Crypto-currencies, Technology, Emerging markets
Duration
43 minutes
Asset class
Crypto-currencies, Currencies
Rating
16

Comments

  • LW

    Lukas W.

    7 5 2018 15:35

    0       0

    Why is nobody doubting Bitcoins usability because of the actually high transaction fees?

  • CR

    Chris R.

    2 5 2018 01:53

    0       0

    Can we get an updated interview with Dan Morehead?

  • bs

    bob s.

    18 1 2018 13:17

    0       0

    Great. Producers, maybe time for updates? Maybe alt coin and smaller break out coin interviews? New investing world now after the 2017 boom. Where are we now? Thank you!

  • LK

    Lyle K.

    7 12 2017 14:07

    1       0

    Watching these old bitcoin videos shows me why these guys are LEGENDARY with the price of bitcoin where it is. Dan Morehead CEO of Pantera and Wences Casares CEO of XAPO you guys are incredible. The part that so amazing was how bullish this interview was and the fact that you guys understood it and how bulletproof it is.

  • MS

    Matt S.

    22 10 2016 18:41

    0       0

    Did he just say gold has no intrinsic value?!

  • JL

    Jordan L.

    3 9 2016 16:57

    4       0

    This video as well as the previous chain video with Dan Morehead completely changed my thinking on bitcoin. There is a misconception in the currency bug world that metals and bitcoin are mutually exclusive. What a phenomenal interview with two individuals who are both cerebral and articulate.

  • ss

    shaun s.

    10 12 2015 21:59

    5       2

    Once last bitcoin is mined I don't understand how small purchases with bitcoin work. If there will be a charge to verify the ledger won't it be more than the micropayment?

  • DR

    Daniel R.

    5 12 2015 21:26

    6       0

    I love the simplicity and economy of Wences's ideas. It reminds me of Buffett. For example, why investing in bitcoin tech incurs the risk of bitcoin plus execution risk. This is one smart dude.

  • DR

    Daniel R.

    5 12 2015 21:21

    0       0

    @TH — yes, bandwidth is an issue assuming the bitcoin blockchain is a static technology. But we've seen it evolve (e.g. addressing double spend) and it will continue to. Check out lightning chains.

  • ET

    Erik T.

    4 12 2015 22:35

    3       10

    Wow. The Chain started with Kyle and visionary wisdom and insight. I was so psyched. And I appreciate G&R for giving it a try. But sadly this interview confirms the idea failed. Badly. Next?

  • DK

    Daniel K.

    3 12 2015 05:35

    1       2

    A little unsettling to hear people working for micropayments. I hope globalization doesn't force that onto Americans anytime soon.

  • TS

    Thomas S.

    2 12 2015 03:36

    1       0

    Did he say that gold have no intrinsic value? What about electronics, heat transfer, etc?

  • AP

    Alex P.

    1 12 2015 22:26

    2       0

    Would be good to be able to copy paste comments or links from this section.

  • GW

    Grant W.

    1 12 2015 09:52

    12       0

    The next installment moves away from Bitcoin but we may be back at some point - that's the beauty of The Chain!

  • GW

    Grant W.

    1 12 2015 09:52

    9       0

    KD the idea of The Chain is to let it go where it goes. We do not direct the interviews. It happened that we had two bitcoin pieces in a row because that's who Charlie & Dan wanted to interview.(1of2)

  • JB

    Jeff B.

    30 11 2015 06:47

    5       0

    Intriguing to think of the internet growing the way it has without an 'internet currency". Bitcoin seems poised to be that internet currency. Especially when considering micro-payments.

  • GS

    GRANT S.

    30 11 2015 04:31

    4       0

    What is missing in this interview is...Who will Casares be interviewing next?

  • TH

    Timo H.

    29 11 2015 18:48

    4       0

    Raoul, blockchain eventually changes how corporations do business with each other. It is not about money and payments only but about a new way of automating business processes in general.

  • BD

    Bruce D.

    29 11 2015 13:17

    5       0

    Fabulous discussion. As trust is sorely lacking in the Global banking system, I can see how Bitcoin can change the whole evil enterprise! Bring it on!

  • RP

    Raoul P.

    29 11 2015 02:10

    14       0

    Love this interview. I spend a lot of time at the juncture of Silicon Valley and Wall St and this is where the very brightest minds are focussed. It is the future of the financial system, IMHO.

  • RA

    Robert A.

    29 11 2015 00:57

    5       0

    I was one of those guys he referred to, eg. Had read enough to throw around "bit coin" and "block chain" w/o understanding it----very important learning RV segement for me!!

  • DC

    Dave C.

    29 11 2015 00:03

    6       0

    I also suggest an interview with George Gilder who has interesting views on Information Theory and relationships with money, gold and bitcoin.
    http://onforb.es/1QIUBu2

  • CC

    Christopher C.

    28 11 2015 11:28

    8       0

    Doesn't makes sense to say Bitcoin is overcovered on RVTV. Bitcoin is the "best" other side of the coin to an unethically and mismanaged fiat. Given fiats history it is a very appropriate topic.

  • JW

    J W.

    28 11 2015 09:57

    2       7

    Bitcoin is overcovered on rvtv right now. His analogy of Bitcoin being the Internet and blockchain being the browser has it backwards IMHO. Blockchain is the net & Bitcoin could be mosaic-or gopher...

  • RM

    Ross M.

    28 11 2015 09:52

    10       3

    Bitcoin like all fiat currency relies on trust and sentiment for acceptance. Gold on the other hand doesn't. BitGold now gives Gold a digital front end for transacting outside the bank system.

  • SK

    Stephen K.

    28 11 2015 08:00

    9       1

    Disagree with KD's comment on lack of investment philosophy -- plenty available in this interview. Also, isn't the idea of the chain that it's entirely the interviewer's prerogative?

  • BM

    Barry M.

    28 11 2015 03:45

    5       0

    I decided to give my 2 teenage kids some bitcoin for Christmas, the last minute or two of this interview confirmed my belief that getting kids involved, giving bitcoin as pocket money etc, is coming

  • DC

    Dave C.

    28 11 2015 00:17

    5       2

    I suggest an interview with Hugo Salinas Price to get another view on the Bitcoin versus Gold theme. http://www.plata.com.mx/Mplata/articulos/articlesFilt.asp?fiidarticulo=274

  • MB

    Mike B.

    27 11 2015 23:52

    14       0

    Amazing he thinks the greatest risk is people losing money they cannot afford to lose and then BTC becomes discredited. I would have thought, Gov't intervention making all exchanges illegal the risk.i

  • KD

    Kevin D.

    27 11 2015 22:13

    26       36

    Wasnt the great idea of The Chain 2 talk 2 smart experienced Macro guys re: development of their invest philosophy? Now its just long only, single-focus (tech & BTC) investment pitches. Disappointing

  • TS

    Thomas S.

    27 11 2015 22:03

    8       1

    Regardless of the interesting Bitcoin views, there's some good general portfolio & risk management advice here too. Also, Bitcoin replacing Gold: I can see that's a longer term possibility too.

  • MC

    Mike C.

    27 11 2015 19:56

    3       0

    Bitcoin's a BEAST!! Great interview."Never doubt that a small group of thoughtful committed citizens can change the world, indeed it's the only thing that ever has" Margaret Mead. The world needs BTC!

  • TJ

    Terry J.

    27 11 2015 17:16

    9       0

    Enormously educational for a bitcoin novice like me. An invaluable discussion.

  • TH

    Timo H.

    27 11 2015 17:15

    6       1

    The max transaction rate of bitcoin blockchain is about 7 trx per second. Globally. That's worth remembering when envisioning the uses of bitcoin.

  • GC

    Gary C.

    27 11 2015 16:11

    8       1

    This interview and Dan's recently, have completely reversed my opinion of Bitcoin. I will become an investor A crumudgeon with both bit gold and Bitcoin...hah never in a hundred years.
    Thanks RealV