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 necessarily 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.

Watchlist

Symbol Last Price Change % Change
AAPL

     
AMZN

     
HD

     
JPM

     
IBM

     
BA

     
WMT

     
DIS

     
GOOG

     
XOM

     
BRK.A

     
FB

     
JNJ

     
WFC

     
T

     
NFLX

     
TSLA

     
V

     
UNH

     
PG