The Truth About Bitcoins

How Bitcoin Completely Works
May 23, 2015
How Bitcoin Works Under the Hood
May 23, 2015
Show all

Stefan Molyneux looks at the rise of Bitcoin and discusses its history, mining, fees, altcoins, regulatory hypocrisy, worldwide awareness, comparisons to gold, anonymous transactions, possible government attacks and what the future holds for the decentralized cryptocurrency.

What’s covered:

  • 0:00 How the ruling class controls human livestock.
  • 1:35 How Bitcoin works
  • 8:47 What is money? Is Bitcoin money? (come on, what do you *think* the answer is? 🙂 )
  • 15:04 Demographics
  • 19:47 Why Bitcoin is better than predecessors
  • 26:54 History (skip here to hear him say “Satoshi” funny)
  • 28:50 Purchasing power of government-issued money going down
  • 40:03 Bitcoin’s future popularity
  • 42:15 Big Banks and Big Government hate Bitcoin!
  • 45:00 Not anonymous by default but can be if you want it
Brad Edwards
Brad Edwards
Brad is the CEO of Bitlov, which is a next generation platform for digital currency and Bitcoin.

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