What is Bitcoin? Bitcoin Explained Simply (2020 Updated)
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Bitcoin - The Currency of the Internet
A community dedicated to Bitcoin, the currency of the Internet. Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics. A large percentage of Bitcoin enthusiasts are libertarians, though people of all political philosophies are welcome.
London based Bitcoin businessman here. My business has set up a youtube channel dedicated to educating newcomers and experienced crypto enthusiasts alike. Check out our "what is bitcoin" video and leave some feedback! :)
5. Bitcoin Compared to Banks. Here is why Bitcoin is different than the current banking system. Complete control over your money. With Bitcoin, you and you alone can access your funds (how you actually do this will be explained in a later video). Now the current price of a bitcoin, the current value of a bitcoin in US dollars as of this video, is approximately US$100. per bitcoin. That number is fluctuating. This is a new currency, and there's going to be some fluctuation. But as people understand the currency better, the hope is that that fluctuation will decrease. Send Bitcoin from your computer, tablet, smart phone or other device, to anyone, anywhere in the world, day and night. Secure Strong cryptography Bitcoin verifies transactions with the same state-of-the-art encryption that is used in banking, military and government applications. Open Fully decentralized Bitcoin is open-source. Voiceover: Bitcoin is a new virtual currency system that's been gathering a lot of attention recently, and I thought I would do a series of videos where I really dive into the innards of bitcoin and explain how it works in detail, and my plan for this first video in this series is to describe some of those mechanics at a high level. This video explains how Bitcoin works in 3 minutes. See more of our videos about cryptocurrencies here Cryptocurrency Videos. Directed, Designed and Animated by Duncan Elms - duncanelms.com anotherplace.tv Written and Voiced by Marc Fennell - marcfennell.com Sound Design by Sebastian Oliwa - oliwa.tv Updated in September 2014.
What is Bitcoin for dummies - A simple explanation for ...
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