Bitcoin has been exploding in value and in the media recently so I thought it would make sense to talk with my good friend Cedric Dahl about if you should buy some. Checkout his channel here - https://www.youtube.com/user/inspiredeye ## Create a Coinbase Account and get $10 in Bitcoin FREE! here - https://www.coinbase.com/join/52b2485700ff4288fd00007e - Must invest $100 to receive bonus ## Sources Stanford Prison Experiment - https://en.wikipedia.org/wiki/Stanford_prison_experiment The Starfish and Spider - http://amzn.to/2ksG8Gd Fat Protocols - https://medium.com/@deekay/fat-protocols-are-only-half-the-story-6a91f68202a8 Bitcoin Transaction Volume - https://blockchain.info/charts/estimated-transaction-volume-usd?daysAverageString=7 From Zero to One by Peter Thiel - http://amzn.to/2AIytP3 Bitcoin Boom in Venezuela - http://jamaica-gleaner.com/article/business/20171227/venezuelans-see-bitcoin-boom-survival-not-speculation // New here? Check out more Most Recent Video - https://goo.gl/k3pWlt Most Popular Video - https://goo.gl/jydACR Subscribe - https://goo.gl/tPDO7v // Want to Support the Show? Join us on Patreon! https://teslanomics.co/patreon // Shoot me a msg online fb https://fb.com/teslanomics tw https://twitter.com/teslanomicsco // My Gear Books https://kit.com/teslanomicsco/books-i-ve-actually-read Tech https://kit.com/teslanomicsco/tech-gear Camera - https://kit.com/teslanomicsco/camera-gear // Music by Epidemic Sound What is Bitcoin? (wikipedia) Bitcoin is a cryptocurrency and worldwide payment system.:3 It is the first decentralized digital currency, as the system works without a central bank or single administrator.:1 The network is peer-to-peer and transactions take place between users directly through the use of cryptography, without an intermediary.:4 These transactions are verified by network nodes and recorded in a public distributed ledger called a blockchain. Bitcoin was invented by an unknown person or group of people under the name Satoshi Nakamoto and released as open-source software in 2009. Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies, products, and services. As of February 2015, over 100,000 merchants and vendors accepted bitcoin as payment. Research produced by the University of Cambridge estimates that in 2017, there are 2.9 to 5.8 million unique users using a cryptocurrency wallet, most of them using bitcoin.