Connect with us

TEXT of Jim Parsons explanation of Crypto from The Simpsons

simpons cryptocurrency show

Probably one of the most popular videos to go viral in the bitcoin, crypto and blockchain communities in the week of 2-22-2020 was Jim Parsons explanation of Cryptocurrencies on The Simpsons.  

We thought it would be fun to put the entire text of this video in one place. 100% copyright and credit belongs to Animation on Fox. Here is the video for your amusement:

Jim Parsons Explains Crypto Currency | Season 31 Ep. 13 | THE SIMPSONS

Jim Parsons explains crypto currency. Subscribe now for more The Simpsons clips: http://fox.tv/SubscribeAnimationonFOX Watch more videos from The Simpsons: h…

 

Here is the entire text (minus the non-crypto drama) from the video for your crypto schooling:

For Cryptocurrency to work, we need a record of every transaction that occurs. These are recorded in what’s called a distributed ledger. 

[Side-track]

“I’m a consensus of shared and synchronized digital data spread across multiple platforms from Shanghai to Grenada. Each day I’m closer to being cash of the future, not in your wallet, I’m in your computer.”

When you use the currency, the transaction is recorded in the ledger.  And when one ledger book gets filled up, we add to a chain of previous books. That’s the blockchain.  

If you would like to learn more about how cryptocurrencies work, here’s everything else you need to know (this is the text from the screen in the video that Jim Parsons refers to):

Cryptocurrency is a system that does not rely on a non-cryptocurrency central authority, but instead relies on non-centralized distributed consensus of cryptocurrency ownership. Using the word “Cryptocurrency” repeatedly when defending cryptocurrency makes it seem like we have a cryptocurrency novice’s understanding of cryptocurrency. Well, that is total pile of cryptocurrency.  In this system, rules are defined for the creation of additional units of cryptocurrency. They can be generated by fiat like traditional currency or just thrown around randomly or all given to LeBron. But for some reason these crypto guys are really into computers.  So we have big buildings full of energy-gobbling air-conditioned computers solving useless math problems. But now we can’t have straws?! Also, we know Satoshi is, but we’re not telling.”

And good-bye from me, super-cool Jim Parsons.

Thank you for reading and sharing this article. We appreciate you.

IMPORTANT DISCLAIMER

Everything in this article is an opinion, not an advice of any kind. This material has been prepared for general informational purposes only and it is not intended to be relied upon as accounting, tax, investment, legal or other professional advice. Please consult with a professional for specific advice.

We do not endorse or guarantee the accuracy of the information and claims made.

All product and company names are trademarks™ or registered® trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them.

Subscribe-top5-long-term-cryptocurrencies



Share:

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn

TRENDING