Bitcoin: Simplified in 3 minutes (2018)


Simpleshow foundation explains in a nutshell what bitcoin is.

This simple 3 minute animation authored by Tom Ashford shows us the benefits of using bitcoin as a means of purchasing or transferring currency online.

Bitcoins gives you full control of your money and can be a means to escape the pitfalls of inflation.

But it also tells us the downside of it, where it can be used illegally.

It also discusses blockchain vs conventional bank ledgers.

Will bitcoin replace conventional banking and our online payment system?

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