John Oliver would not invest in cryptocurrency. Despite the months of skyrocketing Bitcoin value and hundreds of fledgling cryptos now trying to chase their own pie in the sky, the market is too volatile for him. As he said on Last Week Tonight Sunday, “You’re not investing, you’re gambling.” And he really doesn’t seem like the gambling type.

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But others clearly are. Specifically, tech bros who actually understand how the blockchain works. Then there’s the rest of us, who read one story about the Winklevii becoming Bitcoin billionaires, or 50 Cent accidentally raking in some crypto cash, and then decided to get into the market, because it seemed like everyone else was.

The blockchain itself is so intriguing that big companies like Walmart and JP Morgan are experimenting with it to secure their own financial records and transactions. The word “blockchain” alone is so powerful, Long Island Iced Tea tacked it onto its name—now Long Blockchain Corp.—and saw its stock triple in value immediately. And there are now over 1,500 cryptocurrencies on the market, some already worth billions.

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“It’s financial freedom…bro,” one man dressed in a Bitcoin costume explained in a clip Oliver dug up. Sure.

For anyone still confused as hell about crypto and what it means, Oliver put together a segment on cryptocurrencies and why they’re still important to keep an eye on, even if you’re not investing. Here’s your crypto for dummies.



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