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 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:


Symbol Name Price Change % Volume
DATI Symbol changed to QING 1.00 0.00 0.00 0


Emerging Growth

ParcelPal Technology Inc.

ParcelPal Technology Inc is a community based delivery service. The Company through its mobile delivery app enables businesses and individuals to quickly and affordably have items delivered locally though crowd-sourced…

Private Markets


Spotify is a online music service offering providing digital content from a range of record labels and artists. Users can browse through the interface by artist, album, genre, playlist, record…


Blockchain currencies (e.g. Bitcoin) provide a new disruptive way to transfer value between parties over the internet as opposed to going through banks. GoCoin provides online merchants with a suite…