WTF is Bitcoin? (Video)

Jacob Harper |

A lot of major media outlets take for granted that the cryptocurrency bitcoin is a complex subject. It's not a given that every person under the sun already understands the intricacies of blockchains, wallets, or even what, um, bitcoin even is.

Luckily, that's where the internet comes in. Back in 2011 a video floated around explaining what the (at the time) nascent currency was all about, and ended up gaining major traction, eventually amassing over 5.8 million views.



Of course, much has changed for bitcoin in the last three years, especially BTC's notoriously tricky relationship with China. That inspired this humorous update called "WTF is Bitcoin" from comedians Keith Saltojanes and Joey Clift, which takes a decidedly less serious approach to explaining the world of bitcoin:

 

 

For reference, here's the 2011 original that inspired the new video:

 

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Companies

Symbol Name Price Change % Volume
DATI Symbol changed to QING 1.21 -0.48 -28.40 6,176

Comments

Emerging Growth

Viking Energy Group Inc

Viking Investments Group Inc provides professional advisory and consulting services to companies undergoing or anticipating periods of rapid growth, change or ownership transition.

Private Markets

WayBetter

The spark hit Jamie when he saw co-workers competing to lose weight. Instead of pizzas and subs, they were eating salads and jogging along the river. Some were sneakily leaving…

Initial State

Initial State is an Internet of Things (IoT) data analytics & data management platform company. We turn sensor and event data into information that matters by making it easy to…