Bitcoin and Cryptocurrencies Explained in One Minute

I did my best to make this the type of video you can show to a relative at a family reunion without getting "the look" :) An easy-to-follow animation which should make it clear, even to individuals who aren't very tech-savvy, what bitcoin and cryptocurrencies are all about. Please like, comment and subscribe if you've enjoyed the video. To support the channel, give me a minute (see what I did there?) of your time by visiting OneMinuteEconomics.com and reading my message.

Comments

1. i think its a bit too high level and too dumbed down. It looks just like try to sell bitcoin instead of explaining it.
2. what ensures limited quantity? Clearly you can't just make more gold appear from thin air because it's a physical/tangible item. However with cryptocurrencies what makes it 100% impossible for more to be created?
3. Great video , and mostly accurate, but with one small correction. Mining difficulty only increases with more competition and is dynamic thus insuring that mining will always remain profitable as long as Bitcoin remains more fungible than digital fiat.