Video: How Bitcoins Work

Earlier this year, I blogged about the Silk Road, an online marketplace for illegal drugs. The Silk Road requires a number of technologies in order to anonymise both the buyer and seller; one of these is the Bitcoin, an online currency for making online cash transactions in which both parties remain anonymous and secure.

I was recently contacted by the producers of a cute two-minute video on Bitcoins (for OnlineMBA.com) which I’m sharing here. Please watch and share. The producers can be contacted by email.

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