What Do Regular People Know About Bitcoin?

Whiteboard Finance is out in the field today to bring you raw footage of what the average person thinks about bitcoin. Stay tuned.

What is Bitcoin?

It looks like a B.

It looks like a B. OK. Who is in charge of Bitcoin?

I heard it is like the Chinese dude. That created it. Yeah that guy. But. It has nothing. Literally nobody controls it literally nobody. It just goes with moneywise.

It's a good answer. Very good answer. So where do bitcoins come from?

China and.

How many bitcoins are there?

Isn't there. Like. Seven. Thousand seven hundred something like that. I can't remember it said one point twenty one million.

What does block chain technology?

I have no idea. Do you think black technology like change like change technology sounds like something like a Chinese guy. Like.

So a common theme Chinese guy. OK here's your boy who is Hitoshi Nakamoto?

Like millions of other Chinese did. +

So because it is Chinese right.

Yeah that's right. Thank you for that.

What is Bitcoin?

I've never heard of it I've never heard of it either.

So who is in charge of Bitcoin. If you had to guess.

Probably like the government or something. I'm a financial adviser OK.

Those are good answers. Where do bitcoins come from?

A bank. A bank.

How many bitcoins are there?

A billion. A lot of there's like this too many you and too many to count too many to count what is.

BLOCK chain technology?

BLOCK chain technology. Is important and important isn't it.

Yes it's going to be important.

It is going to be important. So something new coming up. OK. OK OK. If I had a guess I'd say it's like I just some new advanced technology that. I'm guessing it further. Yeah.

And last question Who is Satoshi Nakamoto?

Some guy that has invented. Bitcoin. Bitcoin and invented a very good answer.

OK guys so what is Bitcoin?

So. Crypto currency.

Crypto currency okay who is in charge of Bitcoin?

Nobody. It's like. It's like money. It's like free money.

Word of bitcoin bitcoins come from?

The Internet. Mining them. They have to do an algorithm to my new blocks of bitcoin and more get generated every every time someone finds it.

Very good. How many bitcoins are there in existence?

Millions.

What is black chain technology?

That's the technology they used to like have transactions go through. It goes from back to back to back process transactions scare.

Very good. And who is Satoshi Nakamoto?

I don't know but I'm just gonna assume he started a big one.

Very good. Thank you brother.

What is Bitcoin?

Coin is a crypto currency.

Very good. Do you want to elaborate a little bit?

No there's no real. Coin there. Actually it's just. It's just a fantasy. It's a made up made up currency.

Who is in charge of Bitcoin?

I have no idea. Right now it's traded. On the market. So I would say the markets in charge of whatever is going to be.

OK very good. Where do bitcoins come from?

A company made them up. Somebody somebody said let's make up a crypto currency and they said let's call it Bitcoin.

That's what it is what is block chain technology?

You got me on that one I don't know

How many bitcoins are there in existence?

I don't think there's a lot of them because the prices held by a. I think two people hold 40 percent of the currency. So there really aren't a lot of them out there. I'm sure they'll make more as the price goes up so that they can unload what they have. I don't know who makes them.

And last question Who is Satoshi Nakamoto. Nakamoto?

That's a good question. Sounds like a Japanese person. Maybe it's a person who made up the bitcoin. I don't know.

I hope you all enjoyed that very much. I had a ton of fun doing it and I got to meet a lot of really cool people. That first guy was cracking me up the whole time. He was a really good guy. As you can see I tried to get a bit of demographic mix in there. I tried to get men and women young and old just to see people's different perspectives on what those big questions were. So overall I think people have some sort of understanding of what bitcoin is. Obviously when you get into some of the technical questions like What does block chain technology. A lot of people didn't know what that was. I think this is important to move forward with seeing how digital currency is going to grow in popularity and understanding with the general public. And I hope that this video helped portray that. So all in all this is more for fun than anything but I think I did get a little bit of information out of it myself. So thank you so much for watching. If you got any value out of this video whatsoever please subscribe below and make sure to share this video. I had a lot of fun making this one. Thank you so much and have a prosperous day.

• How money Bitcoin is thatvest?
• Oh boy.