How Bitcoin Works in 5 Minutes (Technical)

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A short introduction to how Bitcoin Works. Written Version: http://www.imponderablethings.com/2014/04/how-bitcoin-works-in-5-minutes.html

Less technical version: https://www.youtube.com/watch?v=t5JGQXCTe3c

Donation address: 1K7A6wsyxj6fThtMYcNu6X8bLbnNKovgtP

Germain caption translation provided by adi331 : 19s6rqRfHa19w7wcgwtCumPs1vdLDj1VVo (thanks!!)

20 COMMENTS

  1. Sadly, this is probably the future. If it succeeds it will be the biggest transfer of wealth ever know to man. It will eliminate any handshake or signature and exchange it for wealth through the biggest computer system that its creator knows how to build who knows how to manipulate computer data. R.I.P. J.D. Rockefeller and Bill Gates.

  2. The central banks must be so shitting themselves right now. Just imagine how banks would stop stealing trillions, currencies would not get devaluated and how fair the global economy would become. The only problem is money laundering… that's bad.

  3. I had to watch this a couple times to understand everything but it's not that difficult to get, I'm not sure why everyone is complaining so heavily in the comments. Thanks for posting this explanation of bitcoin.

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