Zhou Tonged: Bitcoin’s Back

The highly technical world of bitcoin technology got a bit cooler when two hilarious men who call themselves Zhou Tonged started creating mashups and parodies of popular songs like Eminem’s Without Meand Boyz II Men’s End of the Road.

The duo was formed back in 2011 and has since then become a YouTube phenomenon. One thing that made them click with the bitcoin community is the relevance of their songs and videos to what is happening with the cryptocurrency. Combined with their brilliant choice of words swapped with the original lyrics of familiar hit songs that we all know, what is there not to love?

What is Bitcoin?
Before we go on and introduce some of the YouTube hits created by Zhou Tonged, let us first give you an idea what the bitcoin is. Don’t worry, we will not be going into the technicalities of this digital currency. A simple explanation comes from CNN Money’s infographic of the bitcoin, which introduces this as a “new currency that was created in 2009 by an unknown person using the alias Satoshi Nakamoto.” With bitcoin, there are no middlemen for your transactions, meaning no banks, and no transaction fees, and you don’t have to give your real name to anyone either.

It further explains that bitcoins are stored in a digital wallet which can either exist in the cloud or on the computer. This bitcoin wallet is sort of a virtual bank account which you can use to send or receive bitcoins when you purchase items or register for an online account. There are several bitcoin exchanges, like Mt. Gox, where you can buy bitcoins to fund your digital wallet.

For instance, if you sign up for an account at a website that allows bitcoin payments like BitCasino.io, an online gaming site that works only with bitcoin, you will need to send bitcoins to their address shown in the cashier menu or scan the deposit QR code. On the other hand, when you need to withdraw from your online account, you will be asked to provide your bitcoin wallet address along with the amount you want to withdraw. The process is quite easy and is relatively faster compared to transactions involving cash and credit card, which makes this payment option very convenient to customers.

Why Zhou Tonged?

The duo, which are also known for the relevance of their parodies, apparently chose their name after one of the great influencers in bitcoin technology. In a Bitcoin Magazine article about a genius 17-year old coder and entrepreneur, we got to know Zhou Tong, who built a website called Bitcoinica.com back in 2011. Within less than six months, this website grew to more than one million dollars in assets.

In a highly technological world where digital currencies now exist aside from traditional fiat money, the revolution does not end with the creation of this cryptocurrency we call bitcoin. The phenomenon has become so popular that even it has penetrated the music industry in not so conventional forms.

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