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Title: 2013-08-22 Entrepreneur.com - [VIDEO] Bitcoin Basics: What it is and how it work Post by: kiko on August 22, 2013, 02:06:21 PM http://www.entrepreneur.com/article/228015
Of note is the video linked from the page: https://www.youtube.com/watch?v=PrK-152xfy0 ostensibly in association with ebay deals. Hat tip: reddit - http://www.reddit.com/r/Bitcoin/comments/1kvgex/bitcoin_basics_what_it_is_and_how_it_works/ Title: Re: 2013-08-22 Entrepreneur.com - [VIDEO] Bitcoin Basics: What it is and how it work Post by: Bitcopia on August 22, 2013, 04:28:07 PM Pretty good video summing up bitcoin in 2 minutes.
I would edit the part where the narrator says, "the anonymity of bitcoins make them a perfect medium for facilitating illegal transactions and crime." Well, yes, they are pseudo-anonymous, but cash is a much more perfect medium for illegal transactions than bitcoin is. There is no public ledger of all cash transactions. Title: Re: 2013-08-22 Entrepreneur.com - [VIDEO] Bitcoin Basics: What it is and how it work Post by: Itcher on August 22, 2013, 04:56:57 PM Pretty good video summing up bitcoin in 2 minutes. I would edit the part where the narrator says, "the anonymity of bitcoins make them a perfect medium for facilitating illegal transactions and crime." Well, yes, they are pseudo-anonymous, but cash is a much more perfect medium for illegal transactions than bitcoin is. There is no public ledger of all cash transactions. That's right. I wouldn't feel good to buy anything illegal with bitcoins cause I am verificated and every bitcoin I bought there could be traced. Cash is way better to buy drugs and so on. Title: Re: 2013-08-22 Entrepreneur.com - [VIDEO] Bitcoin Basics: What it is and how it work Post by: Swordsoffreedom on August 22, 2013, 10:06:37 PM Great job for a summary short concise and to the point
I agree with the public ledger and pseudo-anonymous systems of exchange that can be traced and verified through the blockchain needing to be mentioned in more or less context. Title: Re: 2013-08-22 Entrepreneur.com - [VIDEO] Bitcoin Basics: What it is and how it work Post by: 18RATTT on August 23, 2013, 05:58:29 PM nice video.
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