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.


Cryptocurrency, Explained

Cryptocurrency, Explained

by Joe Posner


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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