What the Hell is Bitcoin Anyway? All You Need to Know in 2 Minutes


Last June, Reason TV interviewed the Mercatus Center's Jerry Brito about the then-new phenomena that is Bitcoin, a virtual currency that is distributed via the internet.

With Bitcoin now going for over $100 per unit and amassing a value of over $1 billion worldwide, everyone has an opinion on the curious currency - whose creator is still unknown. The short interview above is a great place to get some basic facts. Go here for more details and links.

Reason on Bitcoin.