Glenn Beck began his television show Tuesday by asking everyone in his office if they “actually feel they understand Bitcoin,” a new digital form of money that also doubles as a payment system.
The answer was unanimously negative.
Beck described his understanding of Bitcoin as a “coin that’s not really a coin, money that’s not really currency,” and though there are a “bunch of rules,” it’s not controlled by a single entity.
“It doesn’t seem like the worst offense in history to not know understand how that works,” he remarked.
Beck brought in a number of experts on Tuesday to help clarify the concept, but before the discussion began, he aired the video below to give his audience a basic understanding of Bitcoin:
Front Porch Punditry
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Tue May 13, 2014 8:42 pm
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Front Porch Punditry