What is Bitcoin? (v2)

What is Bitcoin? (v2)

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The most watched Bitcoin introduction video ever. Updated in April 2014, this video explains how bitcoin works and the importance of this paradigm shifting technology.

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This Post Has 70 Comments

  1. You guys should have explained that anyone can be miner, as you never specify this people will think the miners are “the owners of bitcoin” or “the servers of bitcoin”

    1. this video is an extreme glossary for the end user. it is obvious mining talk is unnecessary and confusing for joe public.

  2. Bitcoin is great I transfered last $40.000 with a fee of $0.33!

  3. Youtube comments are proof as why democracy will never, ever work to produce better governments.  Ever.

    1. @xpz25nfh AMEN

    2. @xpz25nfh Technocrat Legion’s where it’s at tbh

    3. Stfu lmao

    4. Neck yourself

  4. This is how people buy illegal stuff on the Deep Web right?

    1. Deep web, no. Dark web, yes.

    2. yup like drugs

    3. Ok other ways besides silkroad I miss silkroad. Now I use loopholes to get LEGAL drugs that would normally be considered illegal.

    4. You can buy and for the prize , especially since the amount is recovered at the expense of premining

    5. @davidtomamusic Like the prizm. Now for the prism you can buy a lot , and if we support the coin prism , then everything. Moreover , it is self-healing at the expense of premining

  5. Well, this video is pretty good, except it doesn’t mention the #1 most important thing about Bitcoin: that there is a limited amount of Bitcoins. There will only be 21 million Bitcoins ever created.

    1. That’s great that you are aware about it.

      BUT you’re unaware that it is a CAP. Which means there’s limited amount of Gold in the world, but it can STILL be divided in to million pieces.

      Bitcoin CAPs out at 21 Million and 21 Milli Bitcoins are not going to be the end of it. They will further get divided to as lower as you can imagine.

      For ex: I can’t afford to buy a complete Bitcoin so I will just buy a part of it for whatever my $300 USD are worth.

      Get it?

  6. I got here because of a game…. Anyone else?

    1. I listened to my kids talk about Bitcoin, but I wanted to learn more about Bitcoin after reading about George Soros offering Alex Jones 5 million to pump up Bitcoin. Alex Jones said no.

    2. Me too

    3. Hah! Same.

    4. Same

  7. Get on Bitcoin NOW or cry forever. Thank me later.

    1. @Block Chain 20000

    2. Prizm-innovative crypto currency on super technology Pos + ParaMining. The most fair and cost-effective mining. The prizm is the best!

    3. Bitcoin sucks and is no longer interesting. There is no special meaning in it. The coin is centered and loses its appeal. But PRIZM is well thought out and innovative technology. In prizm you and the investor and the miner simultaneously. Super

    4. @Herow Blue Asiro joke’s on you it fell to $3000 happy?

  8. Bitcoin it’s not just a currency, it’s a revolution.

    1. Bitcoin is non-decentralized cryptocurrency, decentralized cryptocurrency only PRIZM http://prizm.club/en/ .

    2. Prizm is a very cool cryptocurrency.

    3. Today, the revolution is PRISM !!!

    4. Lit Next coin Prizm! 👍 good coin Prism_pzm!

  9. I want free gems. Need a kitty. :3

    1. +davian lope

    2. no

    3. B…but you are one?!

    4. You should’ve created Crypto Kitties… You’d be a multi-millionaire right now.

  10. Own 1 BTC now = be rich in 20 years.
    If you don’t get this fact already you’ll cry later.

    1. i dont get ot😰

    2. @Hippie Bill Looks like its recovering now at $9000

    3. @Sam its over 9k now!

    4. Block Chain not really lol

    5. @Blackpinkblink Fam Now its $11,000 feeling dumb?

  11. I came because of bitcoin billionaire gotta get those hyper bits

    1. same lol.

  12. I cam here for the free hyperbit not a bitcoin tutorial

  13. He just spent $50 on a coffee

    1. It is necessary to focus on the unique generation of cryptocurrencies with unique technologies. This is so far only PRIZM. It is behind it! Contact +79788182161, Skype serna1239

    2. PRIZM with paramining theme.

    3. When PRIZM enters the top 100 cryptocurrencies, then all logies will bite that they do not have this coin.

    4. You spent $ 50 on coffee and they have not returned to you. PRISM makes people happy. You spend coins on coffee, and they come back to you and come back …

  14. as a result, all the coins are centered except the PRIZM, PRIZM cryptocurrency as it develops, it is sprayed and becomes more and more decentralized

  15. Bitcoin opened new opportunities, but did not take into account some things. For example, the PROOF OF WORK mining technology has become very environmentally unfriendly and therefore many are switching to PROOF OF STAKE. For example PRIZM

    1. Next coin Prizm! 👍

    2. @Mitsuko Megumi yeah… probably a scam coin

  16. Prizm is the best in the world of cryptocurrency advise everyone

  17. PRIZM Go Go

    1. Yes

    1. PRIZM – technology PoS+ParaManing innovative no-cost eco-mining technology

  18. Prizm the best system on a blockchain

  19. bitcoin is the ultimate happy i got an expert miner to mine for me to make profit .

    1. i would love to earn from mining bitcoin who is your trader .?

    2. Booste your Bitcoin income 8x by using CryptoTab as your Default Browser

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    bookmarked it. Money and freedom is the best way to change, may you be rich and continue to help

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