The real value of bitcoin and crypto currency technology

This week we received an email of Lykle de Vries. With a very nice video which explains the real value of the bitcoin! Today sees the launch of the worlds first animation about Bitcoin that focuses explicitely on the technology behind it: the Blockchain. It is a project that Rutger van Zuidam, Patrick Loonstra, Sebas van den Brink and myself worked on for the last couple of months.

In roughly five minutes, the video explaines how the essential functions of the “trusted third party” can be automatized through the Blockchain, as well as what the implications of this are. The technology behind crypto currencies such as Bitcoin will inevitably and radically change the role of traditional trusted parties such as banks, accountants, notaries, and governments.

Media has spent a lot of time on Bitcoin already, but do you really know how it works? Are you sure you understand what makes crypto currencies like Bitcoin so disruptive? And can you tell why it is “here to stay”?