What Are Bitcoins, Really?

Bitcoins keep coming up in the media these days because they’re a very interesting phenomenon. I was doing a little research trying to get everything a little more clear in my head, when I found a video put together by Duncan Elms on Vimeo. It gives a good overview of what Bitcoins are, how they work, etc. If you don’t know much about Bitcoins, give it a watch. Bitcoins are interesting because they are the first serious attempt at Currency 2.0 and probably the strongest attempt to disintermediate the global currencies that people have been losing faith in around the world. While Bitcoins might not be what replaces those global currencies, I think it does point in the direction of what might.

Bitcoin Explained from Duncan Elms on Vimeo.

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