Bitcoin explained and made simple | Guardian Animations



Baffled by bitcoin? Confused by the concept of crypto-currencies? Well, fear no more. In 190 seconds we explain what bitcoin actually is, where the idea came from and the impact it's having around the world. Is bitcoin the future of finance, a potential destroyer of the economy ... or just a silly slice of technical utopianism? Subscribe to The Guardian ► http://bitly.com/UvkFpD Get the whole picture, the whole time ► http://is.gd/9LRxIO The Guardian's Top Ten Videos: Mos Def force fed in Gitmo procedure ► http://bit.ly/1hdvoqM Bangladeshi Sex Workers take steroids ► http://bit.ly/1mqf3fA North Korean military parade in slow-mo ► http://bit.ly/TTEAGk Police assault on Ian Tomlinson at G20 ► http://bit.ly/1rgq6Pg Manny Pacquiao fight highlights ► http://bit.ly/RBczBp Brick-by-brick women's fencing protest ► http://bit.ly/RBcEFc Trouserless on the Tube ► http://bit.ly/SPWOrv Jesus "would have been an atheist" ► http://bit.ly/1kfrKqP Open Heart Surgery ► http://bit.ly/1tPaGQ2 Brick-by-Brick Usain Bolt 2012 Olympic gold ► http://bit.ly/1pxQqQv

Comments

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  2. Doge Coin. :D
  3. guys buy some bitcoins and just invest it in gladiacoin, not only value is increasing but you get a 2.22% return on daily basis. its invitation only so you can use my referral link to register www.gladiacoin.com/keel
  4. thanku so much :) its such a nice video
  5. People against cryptocurrencies are the most useful idiots ever.
  6. That was great, thanks!
  7. Bitcoins are played out. Better go with the hype. Adscash is the new thing, and it is still in prelaunch for a few days!! http://ads.cash/prelaunch/1.html?id=kingace4u&link=1
  8. aa
  9. if you want to win some Bitcoin fast go sign in here http://bonusbitcoin.co/?ref=4397FA829BA2 already withdraw 2$ of bitcoin in my wallet :)
  10. I tried to buy bitcoins but it's just impossible.
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  12. Get a bitcoin wallet first before you can earn btc https://coins.ph/invite/thoaek?v=2
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  14. If you bought 1,000 Bitcoin at $1 a coin and sold them for $1,000 a coin. Would you have to pay income tax on the $999,000?
  15. cute drawings but that answered none of my questions
  16. The one problem with Bitcoin that the banks have over it is security. If my bank account gets defrauded and I lose everything I have the FDIC protecting me. I don't know about you but I would NOT take my paycheck in BitCoin as of now for multiple reasons. The main is the one I described and the other is that BitCoin is so unstable. I could start with 2,000 and it could drop to 1,800 over night. The technology and idea is excellent, but it has problems. Fortunately it's so popular and used worldwide that I believe these issues will be resolved.
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  18. Soo... is this something similar to paysafe-cards? Honestly, bitcoins seem like that to me. Video didnt help me personally at all, still dont know what exactly it is.


Additional Information:

Visibility: 320681

Duration: 3m 25s

Rating: 2355