Cryptocurrencies 101

What is Cryptocurrency?

“Everything you don’t understand about money combined with everything you don’t understand about computers”. -John Oliver

Cryptocurrencies are not only a type of currency that can be used to facilitate transactions but also are a new asset class type. John Oliver – HBO Late night show explains in a humorous but also in a very pragmatic way how the Cryptocurrency works and what is the blockchain technology behind.

He even has excerpts from celebrities like Michael Keaton explaining their thoughts on Bitcoin.

The bottom line. Blockchain technology is an incredibly powerful technology. The currency part is something that will have to stand the test to time. Anyone interested in making money on the currency side of crypto should venture into it with extreme caution. It is still very speculative. Don’t bet what you are not afraid to lose..