Bitcoin is making lot of headlines again in mainstream media. I'm one of these people where I feel if you really understand something well, you should be able to explain it so that even a 5 year-old could understand it. I've struggled over the past few years as I have not been able to relay my understanding of Bitcoin with the same ease as I could if we were talking about stocks or bonds.

In my defence, I haven't really been able to find anyone who could explain it very well in layman's terms either. I recently came across this video clip of Peter van Valkenburgh, the Director of Research at Coin Centre. Coin Centre is the leading non-profit research and advocacy center focused on the public policy issues facing cryptocurrency and decentralized computing technologies like Bitcoin, Ethereum, and the like. Peter is testifying to the U.S. congress about Bitcoin and I think he did a great job outlining what it is and the framework from which one should view it.

I'm not sure how crypto currency is going to look in the future, but I think blockchain technology is here to stay and we'll all adapt to it eventually. The same as we did with email, text messages, and online banking.