documentary hack

Cryptocurrency, Explained

Joe Posner, Ezra Klein

5 mins

3 key insights

Visual, audio & text

This 2018 documentary outlines the basic principles of digital currencies and the technologies, regulations, and investment opportunities that surround them.

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Cryptocurrency, Explained

Cryptocurrency, Explained

by Joe Posner

Overview

Bitcoin was invented in 2009 by Satoshi Nakamoto, but the true identity behind the name – or even whether it's one or more people – remains unknown. Within the space of a decade, the price of a single bitcoin shot from six cents to more than $20,000. Yet Bitcoin is only one of the thousands of cryptocurrencies currently in circulation.

Explained is a Netflix series produced by Vox Media that examines and unpacks the challenges of the modern world, and this episode focuses on the complexities of cryptocurrencies. This Hack takes a look at what cryptocurrency is, how it works, and where it's going.

Favorite quote

The beautiful anonymity of cash, but cash that wasn't printed by governments.

- Christian Slater, narrator

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