Bitcoins: What they are and how they work
335 days ago
I had heard Bitcoins mentioned more and more lately, seen stories of individuals investing their entire life savings in them. The rates skyrocketed last week, before dropping back down again. But it was the spike in value that really triggered a boom in coverage and mention of Bitcoins in my daily media intake. While the value may have dropped back down quite a bit, the overall presence and the tremendous Patterns Bitcoins are revealing are beyond intriguing. They're downright fascinating.
This video gives a bit of an explanation on what Bitcoins are, how they are made/distributed, and how they are already being exchanged for goods / services.