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Ever wonder how cryptocurrencies actually work?

submitted by Mordhaus

7 years 4 months 1 week ago

4 Comments

*quality explanation

Boosting this quality contribution up in the Hot Listing - declared quality by ChaosEngine.

Good post, I was just looking into how Bitcoin works a week ago and this video helped solidify what I learned online. I can see the appeal of cryptocurrencies to criminals, hackers, or your garden variety government conspiracy theorist but I don't really see why an average person would have any interest in this, particularly given the volatility of the exchange rates between cryptocurrencies and the real world or the potential for hacking/losses due to errors in the system (see the disastrous Mt. Gox case here in Japan).

Moving this video to Mordhaus's personal queue. It failed to receive enough votes to get sifted up to the front page within 2 days.

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