09 Apr '13, 5pm

This Trippy Video Explains Bitcoin in Under 4 Minutes

This Trippy Video Explains Bitcoin in Under 4 Minutes

Launched in 2009 by an anonymous developer, Bitcoin is an intriguing technological and financial experiment. Now it's making headlines, as Quartz reports, with a recent spike in value (approximately 1,300% since the beginning of the 2013). The Atlantic 's Derek Thompson looked at the existential weirdness of Bitcoin , noting that starting your own currency is "not as complicated as it sounds. All you need is a system other people can understand and, most importantly, trust." That may be easier said than done: Bitcoin is baffling but this video, above, tries its best to shed some light on the concept. Created by Duncan Elms , an animator, and Marc Fennell , a radio host and self-proclaimed tech geek, the short video describes the currency in a nutshell, from "mining" to currency exchanges, and how Bitcoin is poised to change the way we think about money. "This is a personal...

Full article: http://www.theatlantic.com/business/archive/2013/04/this-...

Tweets

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Bitcoin

Bitcoin

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video

vimeo.com 08 Apr '13, 11am

A short video looking at 'Bitcoin', a decentralised digital currency. Directed, Designed and Animated by Duncan Elms - dun...