Watch John Oliver explain Bitcoin using $15,000 Beanie Babies and rap videos

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John Oliver is known for his eloquent explanations of complex issues such as net neutrality. Now turn your attention to the favorite Internet topic of the moment: Bitcoin. It's "everything you do not understand about money combined with everything you do not understand about computers," jokes Oliver, correctly.
The 25-minute video uses $ 15,000 Beanie Babies, an interview with a man who uses chicken McNuggets as a metaphor for blockchain, a video of Brock Pierce (the boy actor of The Mighty Ducks turned crypto-businessman) talking about his unicorn wedding in Burning Man, and HODLGANG rap music video to explain the phenomenon. ("Hodl" is a slang term used in the Bitcoin community which means "clinging" to the cryptocurrency and not selling).
"The important thing to remember here is that this is a new space, very complicated and, literally, nobody knows how it will develop, so you must be careful," warns Oliver. "I know it sounds boring, caution is hard to sell when you face BitConnect and HODLGANG."
It's worth looking if you're still confused by bitcoin, blockchain and cryptocurrencies in general … brother.


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