How Cryptocurrencies Work
There are more than 3.000 different Cryptocurrencies. The most popular ones are BITCOIN, ETHEREUM and RIPPLE. This “digital money” has been around since 2008, but only few people actually know how it works. We shed some light on its workings in this video, and explain how the digital money is “made” as well as how it is different from „regular“ currencies.
Bitcoin Explained Simply for Dummies
Bitcoin is the first decentralized digital currency. All Bitcoin transactions are documented on a virtual ledger called, which is accessible for everyone to see. Bitcoin gives you complete control over your money, unlike other assets you own which are regulated by banks and governments.
Blockchain Technology Explained
Blockchain Technology Explained 2 Hour Course
Bitcoin Cryptocurrency Explained!
Bitcoin fundamentals explained and where it was founded, the dangers that Bitcoin has to the world. It includes interviews with business owners and the problems New York have caused with regards to the BitLicense. The creator Christopher Cannucciari wanted to make the world know about Bitcoin and its potential. It makes the world more informed about Bitcoin, the collapsing of Mt. Gox (the first major BTC exchange in Tokyo), Silk Road (a website on the Dark Web which accepted Bitcoin as a payment for illegal items) and Charlie Shrem (convicted for money laundering and started the BTC Exchange called BitInstant).
The documentary puts things into perspective about how Bitcoin is real and that individuals have lost out on a lot of money because of this virtual currency. This is the whole point of Bitcoin; the price to change all the time. Bitcoin is a very powerful and open-source project and has the potential to turn the poor in to rich, changing their lives and reducing the development gap in the process. If I wanted to, I can sum the whole film up in ONE word. INSPIRING! It made me realize the potential of Bitcoin and how it’s value will grow over time, due to there only being a maximum of 21,000,000 Bitcoins in circulation. I myself, learnt quite a lot about Mt. Gox and Charlie Shrem, who I kind of feel sorry for, but that is my own personal opinion. In short, this film is definitely an eye opener for those who do not care about Bitcoin.
One day, the financial institution will collapse, and will be leaving people out by the millions. Bitcoin aims to resolve that issue, using a peer to peer system and no institution in the middle. Making you ‘Be Your Own Bank.’