Bitcoin was in the news this week and once again the association wasn’t all that positive. As I have said publicly, privately, and on this blog numerous times, I think so much of the discussion of Bitcoin misses the big point, which is that at its core, Bitcoin is a technology, protocol, and platform for entrepreneurial innovation.
Bitcoin is simply a transactional commerce layer for the global Internet. And once you wrap your head around that, the opportunities for innovation on top of Bitcoin turns out to be enormous.
But how does it work? Well, its not simple to understand. I think this video does a good job of explaining it.
