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May 01, 2013, 01:55:22 PM |
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Video runs for 2:39 min:sec
It starts with a summary about Bitcoin, with a high-level view of some of its attributes. There's a bit of anti-spin on it though, as they used the phrase "sophisticated, and seemingly secure" in this part.
They sit down briefly with Jered Kenna (Tradehill) and learn how to buy bitcoin.
After this part, they make the obligatory media reference to criminal activities, such as buying guns and drugs, then they swiftly cut over to the more usual uses - like buying baked goods at a San Francisco shop. Jered demonstrates a basic transaction here using mobile technology.
Then Dan Kaminsky explains he can't "crack" the software, calling it "alien" and made with a "high standard of quality".
Finally, they take a brief look at mining with Terry Floyd showing his rig and some closeups of his terminal window as it processes hashes. It is explained that he gets a reward for doing system processing tasks, which is nice, usually they don't try to explain.
Final closing bit is a comment on Bitcoin volatility, how most people trust "regular" currencies, but they note that bitcoin already has big investors interested in it.
So, they tread on the darker aspects but also provide the better ones - I suppose it was slightly slanted towards the bad stuff, but they managed to not make it a "hit" piece.
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