Cryptocurrencies have been in the news a lot these days with the rise of Bitcoin, and while you’ve likely had a friend, co-worker, or random stranger corner you and describe it as a radical and revolutionary innovation, the truth is it’s a confusing trend to navigate. As John Oliver described it in yesterday’s Last Week Tonight, it’s “everything you don’t understand about money…with everything you don’t understand about computers.” The show addressed everything from Trump’s offhanded comment that he’d meet with Kim Jong Un to some of the worst promotions of International Women’s Day, but the main story of the night gave a simplistic and general overview about the rise of cryptocurrency and the internet communities that adore it. It took a look at some specific companies, and broke down terms like “blockchain,” a recent buzzword that’s being adopted in completely unrelated brands for its buzziness. Throughout the segment, it’s clear that Oliver isn’t a huge bitcoin fanboy—his running joke is making fun of Dan from the office who just won’t shut up about how cryptocurrency is going to bring the world “financial freedom, bro.” He acknowledges that the volatile market does have potential, though. “I could be wrong. I’m absolutely… Read full this story
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