bitcoin - better than paper money? better than gold?

An introduction. Jeri-style.

The video sent to me, introducing me to bitcoin:
http://www.youtube.com/watch?v=yYTqvYqXRbY

The actual bitcoin paper:
http://bitcoin.org/bitcoin.pdf

Category:

Education

Tags:

• bitcoin

[TheZeaf]

Haha, your voice had too much bass for my laptop speakers, it was giving major fuzz! I had to switch to headphones!

Anyway, back to watching the video!

[jericomovie]

@TheZeaf

The mic had some static caught in it. That sometimes happens when I have the headset on for too long. I noticed it after I made the video and didn't bother recording it again. I'm doing this for free, after all. But sorry for any inconvenience.

[masterm1k3]

Very good explaination of bitcoin in layman terms. I say that as a guy who knows cryptography concepts (hash, signatures, authentication) very well.

[jericomovie]

@masterm1k3

Thank you very much! That's very reassuring coming from someone who did not learn everything in an afternoon of googling. :)

[stevenwagner]

Whats your bitcoin donation address?

[GDplusEng]

If socialism is a "cool" thing for cyber space ... why can't it be cool in real space (including earth)

[jumbobobcleo]

@nlucctw2 that is correct.

[jumbobobcleo]

there was a time, past, when children with fingers like yours were FORCED to

play the piano. you have piano fingers. and the cutest little turned up nose as

well. oh, and your brain works well also. yer an earthy little fella arent you?

[nlucctw2]

napster was not peer to peer it was a centralized entity that allowed file sharing, thus is how it was able to be shut down, it was centralized.

[janoxley]

Could you expand on how one actually spends bitcoins (where do you buy things from and how)

Also, it'd be interesting if the proof of work thing (which seems to me to use a LOT of CPU power) could be intergrated some how with the distributed computing thing to make better use of that CPU time (i.e all that CPU power working toward the good of mankind, curing cancer etc)

[TheZeaf]

@jericomovie No, no! It wasn't a problem! When I put on my headphones the crackle was gone! Excellant video! Definately worth and static recieved!

[manifesto2000]

Excellent video Jonathan. Your video makes Bitcoin more familiar, adding to the scant coverage in the popular media. The 51% problem currently exists in the banking and investment field, with CEOs banding together to get less regulation. In Canada we have investment heads asking that the Ombudsman on Banking Investment not be mandatory when complaints arise. An alternative to this decline of fidelity would be a consortium of investment companies that declare allegiance to criminal code rules.