Decrypting Bitcoin – The Blockchain Technology Explained

What are cryptocurrencies? How do they work? How do you get them? Where can you use them? And what makes them safer, faster, and often cheaper to use than cash or credit? Your host for this video 5th Quill Studios co-founder Randy Clemens answers these questions and more, walking you through an in-depth overview of this paradigm shift in money. You will see how Bitcoin is already benefitting millions of users across the globe and you will learn how you can be one of them. [embedded content] TRANSCRIPT [NEWS SNIPPETS BEGIN] What is Bitcoin?  It seems to be gaining momentum day-by-day.  New online currency for the world.      Now it’s gone all the way down to $91.  A lot of volatilities.  Bitcoin and other cryptocurrencies have earned quite a bit of attention over the past few years.  Bitcoin at Mt. Gox broke into four digits.  Many call them the future of money but a majority of people don’t really know much about them.  As the Bitcoin traded as low as a $109 before its (inaudible 00:00:55) came to a climax.  What are cryptocurrencies?  How did they work?  We will be being paid in Bitcoin like we can be paid in Euro.  How do you get them?  Where can you use them?  And what makes them safer, faster, and often cheaper to use than cash or credit?  Architecture that Bitcoin...

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