2013-08-22 Entrepreneur.com - [VIDEO] Bitcoin Basics: What it is and how it work

[kiko]

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/

[Bitcopia]

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.

[Itcher]

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.

[Swordsoffreedom]

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.

[18RATTT]

nice video.