Bitcoin has been much in the news recently, along with new words like ‘cryptocurrency’ and ‘blockchains’. When bitcoin first appeared some years ago, I was intrigued by the idea of a currency that was not issued by any government and tried to learn what it was about and even downloaded the software that supposedly enabled people to ‘mine’ the currency. I soon lost interest and gave up because I lacked the motivation. I am not really driven by the desire for money and the process seemed to be so complicated and boring that it did not have any intellectual appeal for me either
John Oliver tries to explain what all these things are and how they are related. It is not easy and I think he is only partially successful but it was a good effort nonetheless.