What is Bitcoin? Explained in 3 Minutes - Tuttle Twins

when money is easy to make Society begins to break well one solution is Bitcoin back in 2008 I became fed up with government money with the corruption the manipulation so I created a digital currency digital money that can be sent directly from one person to another without any bank or government involved and the best part it's hard money Bitcoin is very hard to make more of each new coin gets added to the supply only after a computer works very hard to solve a math problem where there's no shortcut and solving it costs a lot of

energy and time okay but if it's on a computer can't I just copy and paste not with Bitcoin you have public record of every Bitcoin ever created it's called the blockchain it's like a puzzle and each Bitcoin has its own unique shape and because everyone has a copy of the public record if someone tries to fake a Bitcoin it won't fit the puzzle and will be rejected by the network before anyone can use it that's why Bitcoin is so safe from criminals and the government you said criminals twice dollars which can be printed endlessly there

will only ever be 21 million Bitcoin it's almost impossible to inflate the only way to get it is to earn it or buy it from someone who has no offense but if you if you coin couldn't you manipulate it just like the government I don't control it no one person does it's controlled by a public network of Bitcoin users that anyone can join so if someone wanted to change something in bitcoin's code they would need to get the majority of the millions of Bitcoin users to agree to it all the change doesn't happen and when

has the majority of us agreed on anything touche wow I didn't know made up money could make so much sense today millions of people send Bitcoin instantly and cheaply to each other around the world without any bank or government involved and because Bitcoin is hard money you can't just print more of the more people who use it the more valuable it becomes Emily if we take Lyle's Bitcoin we could be rich I could pay for college entirely you could Outsource your movie and pay to have your name in the credits slow down I'm not saying

that Bitcoin will make you rich quick or even at all right now only about one percent of the world owns Bitcoin and because it's still being adopted some days it goes up and even down also Investments or potentially lucrative can be risky oh I think I get it good money should be easy to use but hard to create and because Bitcoin is digital it's fast and cheap to use and the blockchain makes it hard to inflate thanks Mr Satoshi what Mr Satoshi gone or was he Aaron even here