What is Bitcoin? (v1)
Why Hacker News recommends it
HN commenters sent it to newcomers as a short, simple first explanation of Bitcoin.
What it is
A two-minute animated introduction to Bitcoin from 2011, explaining it as a peer-to-peer digital currency. It was widely shared in Bitcoin's early days as the standard newcomer explainer.
Recommended by 2 HN commenters across 2 different months, 2011 to 2017.
What Hacker News said
Recommends sgornick · 2011-03 · on “What is Bitcoin? (Video)”
For those who are new to Bitcoin and would like to learn more: The new What Is Bitcoin? video - [this video] Bitcoin FAQ - [LINK] Bitcoin Wiki - [LINK] How Bitcoin Works - [LINK] Installing Bitcoin - [LINK] HowTo Mining Bitcoin: Fedora 14: [LINK] and Ubuntu: [LINK] The Bitcoin Faucet (free bitcoins) - [LINK] Buying bitcoins - [LINK] Bitcoin 6-Month Price Chart - [LINK] Bitcoin Community Portal - [LINK] Recent Posts here on the forum - [LINK] ------------- Comments from February when BTC/USD first hit $1: [LINK]
Recommends munchor · 2013-05 · on “How to Explain Bitcoin to a 7-Year-Old”
[this video] I agree that explaining people (be them 7 or 20 years old) what bitcoins are and what the fuss is all about is quite complicated. Usually I just send people that video, but this explanation is pretty interesting (maybe not as effective as the video, though).
Cites jsmthrowaway · 2017-12 · on “Steam is no longer supporting Bitcoin”
> I don't think most reputable proponents have been saying that for years though. Define reputable. > Announcing the first release of Bitcoin, a new electronic cash system [LINK] > Instant transactions for points-of-sale [LINK] (That verbiage lasted most of 2013, but was removed a couple days after this capture, presumably because payments were starting to become less "instant.") > Bitcoin is a new payment system, independent from the traditional financial sector, and this could provide resilience to the economy in case of a crisis, as it creates a parallel payment system. Understanding Bitcoin: Cryptography, Engineering, and Economics by Pedro Franco, 2010, pp. 26. > You can purchase video
Critical sandyarmstrong · 2014-01 · on “Overstock.com Is Now Accepting Bitcoins”
Good luck with that. Overstock and Coinbase both link to this weusecoins YouTube video to explain the currency, which says "bitcoins" about a million times: [this video]