The Insightful Troll

Rants and ruminations.

John Oliver on Bitcoin

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Watch this video as John Oliver explains BitCoin - everything you don’t understand about money combined with everything you don’t understand about computers.

I think blockchain will be a winner in all of this. Blockchain is a distributed, secure record store. Bitcoin as a currency will bomb. But the world is going to need a better explanation than this:

The way I like to think of it is a blockchain is a highly processed thing. Sort of like a chicken McNugget. And if you wanted to hack it, it would be like turning a chicken McNugget into a chicken. Now someday someone will be able to do that, but for now its going to be tough.