HD What is Bitcoin for dummies - A simple explanation for beginners

What is Bitcoin for dummies - A simple explanation for beginners
00:02:39

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What is Bitcoin — A simple non technical explanation about the concept of Bitcoin for beginners. For more information visit
Jamie Nelson
14:08
+23
This is a very good Bitcoin explanation for beginners.
The Gummy Worm
06:11
+195
I still don't get it.
Francis Vega
16:02
+134
I am still lost
craig chalmers
03:07
+6
transfer the ledger hmmm money laundering by worldwide mafia terrorist and religious extremists/fanatics
jogiff
09:35
+47
Step 1: give someone real money in exchange for their fake money
Step 2: hope that more people are tricked into believing that fake money is a good investment than have realized that it is a bad investment
Step 3: sell your otherwise worthless fake money to the next sucker, hopefully at inflated prices (more inflated than the rate that you bought them at)
And remember: it's not a Ponzi scheme despite working exactly like a Ponzi scheme
daysleepnightread
00:13
+1
But when do you bite the coins?
joe medrano
23:35
+1
You are still giving it a dollar value. So money talks and will always. Jobs would have to pay you in bitcoin in order for this to works as well.
This is like owning stock one day it's $1 the next day $5 the following day .50. It's just an investment that might never take off.
albert graham
10:11
+10
It's been a month now since I met Mr. Toni and it been a real blessing. Investing my money in his mining farm and it has turned out triple my investment in less than a month… You can reach him on to tonihamiltonprofit@ gmail. com
Bro G
23:44
+4
Sounds plausible but do you really think the government (secret combinations/crooks) are going to let this go on forever? And what will you do when an EMP strikes in the U.S.?
Boom Boom Pow
17:58
+2
Sounds stupid as shit!!!
C K
09:51
+3
this was way more confusing then it had to be. awful video
Jose Bautista
05:11
+6
Wouldn't the miners become banks eventually? And if bit coins have a cap, wouldn't the person/group with the most bit coins have total power?
Abu Sayyaff
20:43
Where the fuck did the ledger gets its value from!!! ??
Rustin Pierce
08:16
+53
Man I watched 3 different videos on Bitcoin I still don't get can someone explain it to me.
Michael Van Dyck
13:28
+2
Where does the money to pay the miners come from?
KDrop
18:29
+1
Sounds like
Westley
21:23
+11
PayPal seems more normal brain like…
TechTechInc
21:25
misspelled «decentralized» bro
loveisforever
23:34
+2
its just online money, the banksystem is going to crash, bitcoin is the future
Jorge Casarrubios
21:18
+1
If you use this link you get extra 10$ worth of bitcoin if you purchase 100$,
Coinbase is the best and easiest way! Sky's the limit
Get it before it's too late!!!
Anabelle Cornelius
04:12
Two of the guys in the beggining have the same adress
shane diggs
04:45
+16
«gold and silver are the only real money, everything else is just credit» — A Rothschild
Kristian Nunez
03:57
+1
why not just use paypal? Like I actually don't understand what this offers that paypal doesnt
MrJeremyscottmusic
05:55
+9
Ok so who is running this. There has to be someone at the top pulling all the strings.
IndustrialBaking Complex
15:23
+8
Why does this sound like an online pyramid sales scheme?
Jose Roberto Flores
05:31
+1
This confused me even more…
Lachasity Brown
07:08
+13
I must be dumb as shit cause I still don't get it
Stevenson Jones
06:28
gaza Watson
02:53
+1
For dummys.hell with you
Goldie Boud
08:21
+1
What's to keep it from being hacked and stolen then? Sounds awfully risky with the way hackers easily get into people's computers. They just hacked equifax and yahoo and many big companies. And we buy with our money this Bitcoin? Hmm sounds shady. How many places can you really spend it? I will do more research
Xxnicer Xx
07:13
+1
Bit coin is just dollars bills simple but in the Internet done