HISTORY: 📺 SNL sketch explained Bitcoin *almost perfectly 🤣 #Bitcoinnews #NEWS Jin. Oh, I love our little get togethers. Well, you know what ? I don't love what ? Not knowing where to put my money for retirement. There are just too many options for a one. K's. I, ah, raise savings. It's so confusing. We know where I put my money where. Bitcoin, What's bitcoin ? Bitcoin is the first decentralized digital cryptocurrency that works without a central bank. Well, that sounds interesting. Yeah, And it's so simple to use. Transactions take place through the use of cryptography and are verified by network nodes and recorded in an immutable public distributed ledger called a blockchain. What could be simpler than that ? Nothing. It sounds great, right ? So, is it like investing in stocks ? Kind of. But not at all while I'm onboard, Really, Because I have so many more questions, not me. Where can I get one of these Bitcoins ? Can buy one at my local bank ? Of course not. What a dumb question, but it was valid. No, it was dumb. Bitcoins aren't like regular currency, their mind, and a physical mind like gold. That's ridiculous. Bitcoins are mined on computers using the F ha, two five six hashing algorithm, creating twelve point five bitcoins per block. Ah, that is until mid twenty twenty and then afterwards six point, two, five bitcoins per block for four years until the next halving. Wait, Are we still talking about money ? Cryptocurrency ? This sounds so simple. Shut up, Margaret, There's no way you understood all of that. Okay, So how much do one of these bitcoins cost ? Seventeen thousand dollars ? Seventeen thousand dollars ? That's insane. Sounds like a bargain. Oh, and how do you keep track of these things ? Value ? Just check the internet. So far today it's value has gone up one thousand dollars and now it's down eight hundred to end. Now it's up five hundred dollars. Sounds like a can't lose you absolutely can't. Margaret, How do I buy Bitcoin ? It's easy. Just go online and give them your credit card number. Give who your credit card number, Bitcoin, and then let the internet do it. It does. What does it do exactly it ? Bitcoins, Here's my credit card. Oh, so bush started. We think it was Hitoshi Nakamoto. Who is that ? No one really knows. He sounds. Q. Margaret, I swear to God and Bitcoin is the only cryptocurrency I trust with my kids college fund that's smart at investing. That's that crazy. Now it's down to three dollars. Easy. Come easy Go. Ah, this message brought to you by the stock market. Gamble with your retirement the old fashioned way, share, believe, inspire blacks be.