John Oliver compares bitcoin to a $15,000 Beanie Baby: ‘You’re not investing — you’re gambling’

John Oliver gave a crash course on cryptocurrency and blockchain on Sunday night’s “Last Week Tonight,” introducing it as “everything you don’t understand about money combined with everything you don’t understand about computers.”

During the 25-minute episode, Oliver compared cryptocurrencies to a $15,000 Beanie Baby or any other “speculative investment” that people agree has value.

The “Last Week Tonight” host then focused on the potential of blockchain technology, the decentralized electronic ledger for cryptocurrency transactions.

In explaining the topic, Oliver played a clip of a blockchain researcher comparing a blockchain system to “a highly processed thing, sort of like a Chicken McNugget.” […]

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