Here’s a fascinating and informative video from Duncan Elms that basically summarizes the 5000 plus words wikipedia about bitcoin in less than 4 minutes. The video may or may not answer all your question about bitcoin but it does tackle everything you now about bitcoin, like what it is, how it’s obtain and how you can spend it.
Bitcoin (sign: BTC) is a decentralized digital currency based on an open-source, peer-to-peer Internet protocol. It was introduced in 2009 by a pseudonymous developer, Satoshi Nakamoto.
The video is created by Duncan Elms which he said “This is a personal project done between other jobs. Therefore some of the stats are not up to date. For more info please see en.wikipedia.org/wiki/Bitcoin” but still it’s a great and informative video for people (like me) who wants to know the gist about Bitcoin.
The current value of bitcoin is $181 which is according to Mt. GoX. If you’re interested in investing or getting your own bitcoin, you may want to read this first. All in all bitcoin is an interesting technology and if it gets enough support from online merchant and companies, it may serve as our online money and could replace Paypal.
Last modified: April 11, 2013