Baffled By Bitcoin? Here’s the Score

Heard of Bitcoins, but have no idea how they really work? Join the club.

Thankfully The Guardian Technology has put together a comfortably concise little explainer video to clear up any confusion. That way, next time your nerdy mate mentions them at the pub, you’ll actually know what they’re talking about.

Because, while the use of Bitcoins is still for the most part confined to the high-tech world of uber-geeks, the currency is slowly making it’s way into the mainstream.

These days, it’s possible pay for drinks in a real-life pub in Sydney with Bitcoins, or exchange them for dollars at Australia’s first Bitcoin ATM. In the US you can even book a hotel through the travel giant Expedia.

So, before they explode any further, watch this.