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money transfer Archives - Randy Clemens

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[VIDEO] Decrypting Bitcoin: The Blockchain Technology Explained
2 years ago

[VIDEO] Decrypting Bitcoin: The Blockchain Technology Explained

By  •  Think

A little over a year ago, I didn’t know a single thing about Bitcoin. I’d heard of it, but that was where my familiarity with it ended. Then, in April 2015, I moved across the country from Southern California to New Hampshire to be part of the Free State Project, a group of over 20,000 pro-liberty activists moving to NH to create a truly free society with minimal government.

It was here that I saw Bitcoin being used, and I quickly got a deep interest in understanding how it worked. I had tons of questions, and as I learned more, I began to see that Bitcoin is more than just a convenient way to send money to anyone, anywhere… it also reduces the costs and friction of international commerce, and presents a viable alternative to the world’s troubled currency markets.

My good friend JJ Epic and I created this video to explain the benefits of using Bitcoin, as well as to provide an informative overview of how Bitcoin works under the hood to someone who may have never even heard of it. If you’re new to cryptocurrencies: WELCOME! And if you’re an expert, I hope this intro video will be a valuable tool that you’re inspired to pass along to curious friends and family!

We will be producing more in-depth videos to explain Ethereum, Dash, Steemit, and the Federal Reserve soon! We’re building a media studio—5th Quill Studios—which I talk about a little in my Steemit intro post!

Our video goes much more in-depth, but here are some of the items I wanted to write out as well, just as a quick overview of why Bitcoin is so much more than just an electronic payment system…

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