Tuesday, December 31, 2013

Curious Inventor's great video introduction to Bitcoin

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Youtube user Curious Inventor has a great video giving some info on the economics of the Bitcoin economy and the technical underpinnings of the system.  Some of the questions answered include...

  • What is a Bitcoin?
  • Why does Bitcoin have value?
  • Is Bitcoin a fiat currency?
  • How is transacting in Bitcoin different than transacting with a bank?
  • How does Bitcoin mining work?  
  • How does Bitcoin avoid double spending?  

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