Bitcoin: The good, the bad and the funny

Wednesday 09 April 2014

With bitcoin continuing to make headlines, you probably have seen some positive reviews and news stories and most likely you have seen some pretty bad ones as well. This comes as no surprise as anything generating the kind of buzz that bitcoin has and anything that has the potential to turn our world upside down like bitcoin does will have its followers as well as its haters.

As with everything else in our world, the good and the bad are usually joined by a distant and strange cousin… the Funny! Even though bitcoin is relatively new, it has already been exposed to this lighthearted critique. From The Daily Show, Stephen Colbert and Conan O’Brien to thousands of YouTube minis, we must admit… some of it is downright hilarious.

So we thought we'd take a look at the funny side of a question that is on the minds of many right now. We can say one thing – this question will probably not be answered here, but I can promise you one thing – that you will laugh as we answer the question…. What is bitcoin?

To get the answer I feel we need to go to Mr. Zack Bornstein. You know he has all the answers as he tells us that at its core bitcoin is simply “telescope stuff.” I think he nails bitcoin in the end as simply 100% bit and 100% coin. Enjoy!

Watch the video here

Well, that didn’t seem to give us the answer. However Funny or Die tried to tackle the question and certainly did a better job. Let’s see if we can finally get an answer to What Exactly Is Bitcoin?

WTF Is Bitcoin? - Funny or Die

Hmmmm. We aren’t getting to the bottom of this question at all. Perhaps we should check out the Chief Operating Officer of Bitcoin who appeared recently on The Conan O’Brien Show. To quote him, it’s very simple, “Bitcoin is a decentralized digital currency exchanged in the interactive meta-verse.” He gives us more here.

Well, seeing as that told us nothing at all, let’s try one more. Surely, someone must know what bitcoin is. Stephen Colbert had a crack at finding out here, he even had the help of an economist...

So that was a more sceptical view, but still not much clearer. Even if you have been dealing with bitcoin for a while you will probably know the trouble it is teaching someone about it. If you have at any point tried to explain bitcoin to someone, then you have almost definitely said something that Scott Rose says in his hilarious take on bitcoin. Rose considers his “Sh*t Bitcoin Fanatics Say” videos a “special gift to the bitcoin community, to lift their spirits with laughter when things seem low.” Everything in the videos is something Rose has said at some time or another. See if you can count how many of these one liners have come out of your mouth.




 As we can see… Bitcoin certainly has a good side, a bad side and a funny side.

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