In this video, the YouTube creator Crypto Casey explains what Bitcoin is, how it works on blockchain technology, and why it was created. Crypto Casey is one of the best commentators on the topic I’ve seen. It’s helpful to think of Bitcoin as an asset or store of value, like gold or stocks. It’s decentralized, and is a way of bypassing old systems like banks and payment processors.
Whether something is good or bad depends on the purpose it’s used for. Although some bad actors use Bitcoin for money laundering, it was meant to enable financial services for the underprivileged and as a safeguard against inflation.