Check out this video that explains how Bitcoin works under the hood in a very easy to understand way. This video comes from Youtube user CuriousInventor, whom has a lot of other useful videos as well.
I would suggest sending this Youtube video to people that ask you about Bitcoin and other altcoins because it is much better than the weusecoin’s video that still emphasizes mining. Remember that a base understanding of Bitcoin is necessary before a person can realize the potential that some of the other altcoins have.
Last modified (UTC): December 19, 2013 21:37