John Oliver defines cryptocurrencies as “Everything you don’t understand about money combined with everything you don’t understand about computers.”
Oliver’s explanation of what has become the new road to riches – for some, and a disaster for others is enlightening. John causes none of the pain you inevitably suffer when ‘that guy’ – we all know one, corners you to nerdsplain his superior grasp of all things new and technical. Bitcoins are nebulous. They don’t reside in a bank, you can’t touch them or turn them in at Coinstar. You may not become the first Bitcoin millionaire on your block, but you won’t be the first to lose your home and family on the say so of Brock Pierce, the kid from ‘The Mighty Ducks’ who claims to be changing the world if not his underwear, as we speak.