In a bit of greater than 10 years, Bitcoin has change into a ubiquitous a part of on a regular basis life, and the neighborhood round Bitcoin (and different cryptocurrencies) has grown exponentially. Folks have gotten wealthy off Bitcoin, you’re advised; put cash in it, and also you’ll get wealthy too. But it surely’s all a lie. Doug Henwood, writer of Wall Avenue, explains.
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Citations are offered within the video. However we extremely suggest, as a further supply, Nicholas Nassim Taleb’s “Bitcoin Black Paper”: https://www.fooledbyrandomness.com/BTC-QF.pdf.
0:00 The Financier’s Story
1:09 The World of Bitcoin
3:07 Is Bitcoin an “Funding”?
5:04 What Bitcoin Represents