But how does bitcoin actually work?

Objavljeno 7. jul. 2017
The math behind cryptocurrencies.
Help fund future projects: www.patreon.com/3blue1brown
An equally valuable form of support is to simply share some of the videos.
Special thanks to these supporters: 3b1b.co/btc-thanks
This video was also funded with help from Protocol Labs: protocol.ai/join/
Some people have asked if this channel accepts contributions in cryptocurrency form. As a matter of fact, it does:
3b1b.co/crypto
2^256 video: slnumber.info/wiev/iWmsd9J6Z5Gmoro/video.html
Music by Vincent Rubinetti: soundcloud.com/vincerubinetti/heartbeat
Here are a few other resources I'd recommend:
Original Bitcoin paper: bitcoin.org/bitcoin.pdf
Block explorer: blockexplorer.com/
Blog post by Michael Nielsen: goo.gl/BW1RV3
(This is particularly good for understanding the details of what transactions look like, which is something this video did not cover)
Video by CuriousInventor: slnumber.info/wiev/gqibqsyTdX-ijKY/video.html
Video by Anders Brownworth: slnumber.info/wiev/lWGYYNSGrJSdjZk/video.html
Ethereum white paper: goo.gl/XXZddT
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Animations largely made using manim, a scrappy open source python library. github.com/3b1b/manim
If you want to check it out, I feel compelled to warn you that it's not the most well-documented tool, and has many other quirks you might expect in a library someone wrote with only their own use in mind.
Music by Vincent Rubinetti.
Download the music on Bandcamp:
vincerubinetti.bandcamp.com/album/the-music-of-3blue1brown
Stream the music on Spotify:
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If you want to contribute translated subtitles or to help review those that have already been made by others and need approval, you can click the gear icon in the video and go to subtitles/cc, then "add subtitles/cc". I really appreciate those who do this, as it helps make the lessons accessible to more people.
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Komentarjev

  • If you see comments here about investing or brokers, they are scams. Videos about cryptocurrencies, evidently including ones that are just about the underlying technology/math, are hotbeds for attracting nefarious actors preying on the impressionable. Also, hi! If you’re new to this channel, most of it is about visualizing math. I get it, you probably landed here searching for how BTC works, not to spend your afternoon getting pulled into learning about, say, prime numbers or problem-solving, but if you have a moment take a look at the rest of the channel, you may enjoy what you find.

    • BZE BZEDGE TO THE MOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO

    • I need to buy (BZE) Bzedge because it is going to make the next rise of this 2021

    • So... What would happen if the blockchain for a crypto became corrupted?

    • I've seen a few crypto youtubers mention in their videos about scammer who might comment, or reply to one of your/my/our comments with a series of seemingly random numbers and symbols... and they (the youtubers) warn not to reply to them. Well, I did reply to a couple because they commented under the youtubers user name replying to a comment I made on their video, and I didn't know what it was. So I just replied "What is that about?" Am I in jeopardy because I replied to them? And if so, what do I do?

    • I reported every comment above this one. I encourage everyone to do the same. Very fucking annoying.

  • For the first time in my life I understand this topic, thank a lot!

  • So the balloon goes up, there is a massive disruption in infrastructure and civilization in general. There is no interweb access............... Bitcoin would be a bit useless. I'll just be there with my silver and gold coins eating and getting by.

  • Best explanation!

  • I'm a happy man today because of Mrs jessica allen

    • She help me recover what i lost trying to trade myself

    • wow I'm just shock someone mentioned expert Mrs jessica allen I thought I'm the only one trading with her

    • Mrs jessica allen and her method works like magic l keep on earning every single week with her new strategy

    • Mrs jessica allen has brought me out of the wrenches and to a better living through trading options, I encourage you guys to trade with her

    • 13th winning thanks to Mrs jessica allen

  • Safemoon

  • This was an amazing video and I’ve really learnt a lot, Luckily for me I had a solid broker like Mrs. Mariam Sylvia to assist me in understanding the crypto market. she helped manage my assets by putting me on the right platform,

    • @Rose Derrick The fact that I am able to withdraw without stress is the reason i trade with Mrs Mariam Sylvia and will always do so.

    • Am surprised you know Mrs Sylvia too, i have been investing with her this few months she is the best person you can trade with.

  • Crypto is absolutely here to stay. If you can't see that at this point, it's time to invest in it. ~THINK

    • Some people are so poor and have been that way for so long that they lose their self confidence and belief

    • @Clare Smithy Tell her I referred you

    • @Clare Smithy + 1 ( 2 3 4 ) " (2 3 1 5) ." (2 8 6)

    • @Clare Smithy Search her on Facebook with her name, ANNA WILSON

    • @Clare Smithy That's the more reason you should get to her

  • This video will be used as source material for our future generations

  • long ass video

  • This is a really good explanation

  • I highly recommend de_plothacks on Instagram.. I just recovered the bitcoin I lost to a scammer recently ..

  • I highly recommend de_plothacks on Instagram.. I just recovered the bitcoin I lost to a scammer recently ..

  • I highly recommend de_plothacks on Instagram.. I just recovered the bitcoin I lost to a scammer recently .

  • I highly recommend de_plothacks on Instagram.. I just recovered the bitcoin I lost to a scammer recently ..

  • Hello, I'm new to forex trade And have been making huge losses but I recently see a lot of people earning from it. Can someone please tell me what I'm doing wrong

    • Yes I'm a living testimony of Mr Steve Adam's trading services

    • I have been seeing so many recommendations about Mr Steve Adam's trading services on Instagram Facebook and Twitter trending,his strategies must be good for people to talk about him that much.

    • His method surprises me,

    • His availability is sure on watsapp

    • +1 7 2 4 8 0 3 5 7 7 9

  • I wouldnt of understood this video with no knowledge in this. I recommend everyone first research = crypto wallet/exchange/blockchain then after those 3 u get some sort of insight then watch this.

    • On w•a•s•a•p•p«

    • +15169867043

    • Thanks! Feel free to write my analyst to guide you through in crypto for good ROI and get crypto strategies

  • My brain started to melt at about 15:00 I started to hallucinate little lemming style miners all over the screen

  • This is clever... who thought of all this? We're under 30 years into the internet - and we're able to think of this...

    • On w•a•s•a•p•p«

    • +15169867043

    • Thanks! Feel free to write my analyst to guide you through in crypto for good ROI and get crypto strategies

  • That video aged well.

  • I was able to build a big income stream during the covid-19 pandemic

    • @Laura Terry Bitcoin investment is very lucrative. I made a lot investing in bitcoin, That has been the best step i took this year

    • @Dalton Andy

    • I'm interested to trade but I don't know how to start, been going from video to video but I don't understand a thing.

    • As a bitcoin trader, it’s almost inevitable that you’re going to experience some ups and downs along the way. Alertness and decisiveness are both fundamental ingredients in the recipe for a successful bitcoin trader.

    • Don't ever make the mistake of believing that market success has to come to you fast. Trade small, stay in the game, persist and eventually you'll reach a satisfying level of proficiency

  • As I'm watching I'm realizing its just like buying giftcards

    • On w•a•s•a•p•p«

    • +15169867043

    • Thanks! Feel free to write my analyst to guide you through in crypto for good ROI and get crypto strategies

  • I HAVE BEEN MAKING LOSSES TRADING MYSELF...I THOUGHT TRADING ON DEMO ACCOUNT IS JUST LIKE TRADING THE REAL MARKET... CAN ANYONE HELP ME OUT OR AT LEAST ADVICE ME ON WHAT TO DO?

    • Thanks alot i Just sent her a message and she attended to me nicely. Such a nice lady

    • +1> 2 3> 6> 0> 0> 5> 6> 8> 7

    • Y'all gotcha her leading contact?

    • I saw some recommendations about her on Instagram but i just ignored, have you met her in person? Where exactly did you meet her?

    • I thought she was a scammer but believe me after meeting her up for the first time at UCLA financial conference held in UK she changed my ideology

  • I don't know who needs to hear this, you've got to stop saving money, invest some part of it, if you really want financial freedom

    • @Alex bryanson I Had my $754.54k with 3500$ investment a week?

    • Bitcoin trading right now should be at every wise individuals list . In 2years time you will be ecstatic with the decision you made today

    • @Elvis williams she is the best

    • @Elvis williams +(1)*(8)*(7)*(8)*(8)*(4)*(7)*(1)*(1)*(6)*(2)

    • Please how can i contact expert Miss Muna Robert? Someone should help me out please

  • Mrs Anna is legit and her method works like magic I keep on earning every single week with her new strategy

    • Yes but do you know I have been paid out today

    • Anyone who she handles he's or her trade for I believe is so lucky

    • Thanks guys for the recommendation, really expecting to have her sinfo

    • She's the plug 👆

    • + 4 4 7 7 8 2 9 9 5 3 9 4🇬🇧

  • Wow, Brilliant explanation!

  • Pi network; ight wright that down. WRIGHT THAT DOWN

  • It is understandable the Bitcoin is capped to 21M, but it is the way how the it has been coded at the inception, but for other currencies it can be infinite or finite also correct? and technically we can create as many different currencies or different type of blockchain with different titles we want, which makes it infinite. correct? I love the tech part of it but use it as a currency does not seem to fit somehow.

  • Comment for engagement

    • • + • 1 • 5 • 0 • 9 • 4 • 0 • 8 • 2 • 6 • 4 • 4

    • I'll refer you to my trade analyst and accountant to assist and guide you in making great profits.

  • Me seeing BTC at 2.5k😳🕶🤏🏻

    • • + • 1 • 5 • 0 • 9 • 4 • 0 • 8 • 2 • 6 • 4 • 4

    • I'll refer you to my trade analyst and accountant to assist and guide you in making great profits.

  • thank really good stuff.

    • • + • 1 • 5 • 0 • 9 • 4 • 0 • 8 • 2 • 6 • 4 • 4

    • I'll refer you to my trade analyst and accountant to assist and guide you in making great profits.

  • Many thanks for informing us.. Will definitely contribute for ur Patreon, and i love the fact that u understand that not everybody can do it but u still share ur knowledge. Love u man for that.

    • • + • 1 • 5 • 0 • 9 • 4 • 0 • 8 • 2 • 6 • 4 • 4

    • I'll refer you to my trade analyst and accountant to assist and guide you in making great profits.

  • The rich remain rich by spending less but investing more while the poor remain poor by spending like the rich yet know investment.

    • I've tried her out once already with £1,500 and won £12,678 in just 5days Awesome

    • I really love Mrs Laura strategy,it has really made me a lot of profits for me.

    • It's not all about watching videos I did so I was ignorant doing so,I decided to try Expert Mrs Laura and ever since she has made alot of profits for me may God bless her abundantly

    • Doubted this before giving it a try,and don't regret trading with Mrs Laura she's the best broker so far

    • The first investment with expert Mrs Laura gave me profit of over $23,476 us dollars and ever since then she has never failed to deliver

  • Despite understanding the video, what’s the original point of having a ledger to keep track of trading when there was only 4 people (in the example) ? E.g. look at the ledger on the left at 4:06. Ok following the protocol, cryptography math, blockchain etc it all works but what was the incentive to follow it at the very start, what did each of fewer members gain at the very beginning?

    • First nothing prevent the whole world to use the ledger, that's what is happenning with Bitcoin. People gain to cooperate together to survive. People who trust each other don't need to keep a such ledger, they can cooperate for good without counting (anthropologist name this communist relationship). The problem of trust is scale, too many people will have very hard time to trust each other. That's where capitalism relationship starts: people start counting how much they own to each other. The unit of such counting is the currency but essentially what matter is the Ledger who recall how much people own and when debt was created, redeemed, exchanged. This is how money appears. The gain of money is that people can cooperate at very large scale (even if this cooperation may sound as artificial and is not perfect). The problem with current ledgers we used is that they are more and more centralized because of decreasing use of cash: any transaction on Internet end up being approved by the central bank autority. Bitcoin is a protocol (a set of rule) to maintain a ledger that you can use to create and maintain others ledgers without central autority. Anyone can choose which ledger is good for them easly on Internet while you were constrained to use fiat currencies before.

    • • + • 1 • 5 • 0 • 9 • 4 • 0 • 8 • 2 • 6 • 4 • 4

    • I'll refer you to my trade analyst and accountant to assist and guide you in making great profits.

  • When he said “I’m looking at you Charlie” I got chills

  • Thanks for great knowledge dude, great video

    • • + • 1 • 5 • 0 • 9 • 4 • 0 • 8 • 2 • 6 • 4 • 4

    • I'll refer you to my trade analyst and accountant to assist and guide you in making great profits.

  • Can governments introduce crypto currency of their own? It may not have the 'advantage' of confidentiality for the transactor, but facilitate online transactions. To prevent tax evasion, governments do not like a untraceable system. How can they overcome undesirable effects and retain desirable effects?

    • Think about it, what is desirable here ? I think it is being able to verify all the transactions by yourself. But what the use of commercial banks if you can check how much you own by yourself ? What about cryptographic hack of the crypto currency (look at discreet log contract) which allows to make things the State doesn't want you to do without noticing ? How can they handle that ? The openness of Bitcoin is what you desire (facilitate online transactions) but also what you undesire (open unknown, potentialy undesired, possibilities). Take it or leave it !

    • • + • 1 • 5 • 0 • 9 • 4 • 0 • 8 • 2 • 6 • 4 • 4

    • I'll refer you to my trade analyst and accountant to assist and guide you in making great profits.

  • Its always the same: As soon as there is a 3b1b vid about something, you can be sure that your question has been answered fully.

    • • + • 1 • 5 • 0 • 9 • 4 • 0 • 8 • 2 • 6 • 4 • 4

    • I'll refer you to my trade analyst and accountant to assist and guide you in making great profits.

  • When this video was made, bitcoin was $6300. It's currently at $56830, with an ATH of roughly $63000. Gonna be interesting looking back on this in a year hahahaha

    • • + • 1 • 5 • 0 • 9 • 4 • 0 • 8 • 2 • 6 • 4 • 4

    • I'll refer you to my trade analyst and accountant to assist and guide you in making great profits.

  • 21:14 Nice voice crack lol

    • @3Blue 1Brown up

    • @3Blue 1Brown the

    • @3Blue 1Brown Shut

    • • + • 1 • 5 • 0 • 9 • 4 • 0 • 8 • 2 • 6 • 4 • 4

    • I'll refer you to my trade analyst and accountant to assist and guide you in making great profits.

  • PONZI/PYRAMID SCHEME WARNING!! It doesn't take ape to figure out that all the crypto coins will continue to be printed at a much faster pace than any legit currency. Do not pump your stim checks that are meant to stimulate your OWN economy into hot air. These crypto currencies are directly linked to black market drug dealers, rogue nation states, child endangerment and above all a lack of education. Why on earth would you want to devalue your own currency in favor of a digital fiat that will be pumped and dumped the next day. Have some pride in yourself and your country sheeple. DO NOT BELIEVE THE HYPE or that YOU DONT UNDERSTAND FINANCE

    • • + • 1 • 5 • 0 • 9 • 4 • 0 • 8 • 2 • 6 • 4 • 4

    • I'll refer you to my trade analyst and accountant to assist and guide you in making great profits.

  • I have visited this video for more than 3 times and I find myself checking instagram every time

    • • + • 1 • 5 • 0 • 9 • 4 • 0 • 8 • 2 • 6 • 4 • 4

    • I'll refer you to my trade analyst and accountant to assist and guide you in making great profits.

  • Nice contents you put up always👌.BTChits a new bullish price as people increased their bids in hopes of making huge gain from the rise but as we can all see now the market is very unstable , the truth is that you can always make more profit from tradln rather than just hodlin and waiting for the price of BTCto skyrocket . Indeed its a tough decision for both old and newb!es whose intensions are just to hodl and sell but rather the potentials of tradln. I wept deeply and prayed after the last time i had much loses, my Uncle introduced me to Expt. Isaac Steward who i started tradln with since late last year,i've covered up and made over 21 B T С with 2 B T C even with the ups and downs since the journey . With Mark counsel I no longer have to worry about the rise and dip ofBitcoin. For prof!table tradlng guidiance, You can easily get to him ͲҽӀҽցɾąʍ @Isaacsteward or 𝚠нαтαѕαρρ(( +447782829841

  • I finally understand...

    • @3Blue 1Brown you’re a fake account dude, not cool

    • • + • 1 • 5 • 0 • 9 • 4 • 0 • 8 • 2 • 6 • 4 • 4

    • I'll refer you to my trade analyst and accountant to assist and guide you in making great profits.

  • YOUR ACT OF KINDNESS ÂND SERVICE SHOWS HOW BIG OF A HEART YOU HAVE FOR OTHER.THANKS FOR THE 6k YÔU SICH AMAZING *lucidcracks* 💝

  • YOUR ACT OF KINDNESS ÂND SERVICE SHOWS HOW BIG OF A HEART YOU HAVE FOR OTHER.THANKS FOR THE 6k YÔU SICH AMAZING *lucidcracks* 💝

  • YOUR ACT OF KINDNESS ÂND SERVICE SHOWS HOW BIG OF A HEART YOU HAVE FOR OTHER.THANKS FOR THE 6k YÔU SICH AMAZING *lucidcracks* 💝

  • amazing video. Thanks for the value mate :)

    • • + • 1 • 5 • 0 • 9 • 4 • 0 • 8 • 2 • 6 • 4 • 4

    • I'll refer you to my trade analyst and accountant to assist and guide you in making great profits.

  • Brain.exe stopped responding

    • • + • 1 • 5 • 0 • 9 • 4 • 0 • 8 • 2 • 6 • 4 • 4

    • I'll refer you to my trade analyst and accountant to assist and guide you in making great profits.

  • Brilliant video, thankyou!!

    • • + • 1 • 5 • 0 • 9 • 4 • 0 • 8 • 2 • 6 • 4 • 4

    • I'll refer you to my trade analyst and accountant to assist and guide you in making great profits.

  • Wait yo one of the people you listen on patreon used to be my Trig Professor in college wtf!! Small world

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    • I'll refer you to my trade analyst and accountant to assist and guide you in making great profits.

  • TLTD; Does this video tell why would someone give you money if you keep you computer open for some weird purpose?

    • • + • 1 • 5 • 0 • 9 • 4 • 0 • 8 • 2 • 6 • 4 • 4

    • I'll refer you to my trade analyst and accountant to assist and guide you in making great profits.

  • I ALMOST GOT THROWN OUT ÔF THE HOUSE, NOT UNTIL I MET *LUCIDHACKERS* , THEY DIS A GREAT BITCOIN RECOVERY FOR MÊ..

  • Realy cool

    • • + • 1 • 5 • 0 • 9 • 4 • 0 • 8 • 2 • 6 • 4 • 4

    • I'll refer you to my trade analyst and accountant to assist and guide you in making great profits.

  • So we wont have any problem when alice stops pay money to Bob

    • • + • 1 • 5 • 0 • 9 • 4 • 0 • 8 • 2 • 6 • 4 • 4

    • I'll refer you to my trade analyst and accountant to assist and guide you in making great profits.

  • Who decides the initial 0s should be 30 0s or 60 0s for the block hash?

    • @3Blue 1Brown Can you create a new playlist for options chains. I just love your animations.

    • @3Blue 1Brown 😂😂😂

    • • + • 1 • 5 • 0 • 9 • 4 • 0 • 8 • 2 • 6 • 4 • 4

    • I'll refer you to my trade analyst and accountant to assist and guide you in making great profits.

    • That is determined by the difficulty adjustment algorithm. The number of zeros gets adjusted automatically based on whether blocks get mine faster or slower than 10 minutes per block.

  • It doesn’t

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    • I'll refer you to my trade analyst and accountant to assist and guide you in making great profits.

  • It is 5 pm...i am going to give it another try and if i still dont understand anything about this video other than the bob paying alice 100$....I will not see the light tomorrow. This is sorcery.

    • • + • 1 • 5 • 0 • 9 • 4 • 0 • 8 • 2 • 6 • 4 • 4

    • I'll refer you to my trade analyst and accountant to assist and guide you in making great profits.

  • I make huge profit on my investment since i started trading with Mrs Paula David, her trading strategies are top notch.

    • @thomas true

    • They are geuiralla marketers right

    • you're a dumn idiot and should go off line with your stupid shit

    • Amazing i also just started trading with Paula David, she is the best at what she does with an initial investment of $1400 i made up tp $5230 in just a week of trading with her, her strategies re mind blowimg.

    • With the consistent weekly profit i'm getting investing with Mrs Paula David, there is no doubts she is the most reliable in the market. such a genius

  • what does it actually produce? nation states produce currencies to facilitate the exchange of goods and services. What does a bitcoin represent? On what is it founded? I believe it is all nonsense. A scam. It is all based on trust - faith - and when (yes, when) that vanishes the game goes bust and the suckers ask government to bail them out. I would suggest to anyone who is dabbling in crypto-whatevers to recover your money - yes, real money. I am going to pursue this inkling I have that these schemes are associated with libertarianism and irresponsible citizenry. Pay your taxes, participate in tangible economic practices and quit trying to scam other people into floating your boat.

    • @Donal Dubh Greg Foss, a Canadian who traded bonds and credit for a few decades talks about how bitcoin is a very realistic hedge (wrote an in-depth paper about it) and he is actually more worried about canada's situation than the US's. He's done some really good talks, you can find them on youtube.

    • @plasticman2011 'hedges to irresponsible money printing' - and you associate that with bitcoin? cryptocurrencies which do not have a passing relation to real value? The worth of the bitcoin is illusory and a glittering fantasy for people who hope to get wealthy by doing nothing. That's the real source of my concern - the bitcoin reality is all greed and sloth. You worry about central banks? Hold up - are you American? yeah, that might explain some of your doubts - you have a privately owned and managed Central bank - weirdest notion I could imagine. Canadians have a Bank of Canada part and parcel of the government and pretty efficiently run. While the U.S. was foundering in financial storms Canada was in smooth water. We didn't allow those dubious exchanges and suffered negligible harm. I say lastly that I am no expert by any means but I am old enough to smell something foul and bitcoins and the ilk are damnably close to pure rot.

    • What about people who have concerns about central bank mismanagement of fiat currencies? Should we keep our heads in the sand and not look for hedges to irresponsible money printing?

  • Th question is why the price goes up? Only because if popularity which creates demand then euphoria then FOMO. If there is 1000 of coin what is the possibility that this will go up and have that popularity not the other one .if everyday new currency pops up who is going to accept my currency In (good)stock we bet on the product , profitability of a company which creates a demand

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    • I'll refer you to my trade analyst and accountant to assist and guide you in making great profits

  • Im a computer science student here; studying data structures. I love this vid, very informative. I've invested in eth and ltc, to the moon!

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    • I'll refer you to my trade analyst and accountant to assist and guide you in making great profits

  • Beautiful

    • I'll refer you to my trade analyst and accountant to assist and guide you in making great profits.

  • So Charlie took all the money?

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    • I'll refer you to my trade analyst and accountant to assist and guide you in making great profits.

  • I STILL IMAGINE WHY IT TÔOK ME LONG TO COME ACROSS LUCIDCRACKS ON INSTAGRÂM THIS GUY IS SUBÊRB.

  • It may the clearest video on this subject. But it is a shame for mankind to talk about this type of technology hype which is not applicable for the majority of the population. May be technology is the right word. Where are we heading, folks. Have a better common sense approach to life as a whole.

  • Mrs Roseville is legit and her method works like magic I keep on earning every single week with her new strategy

    • has been handling my account for years now

    • I think I'm blessed because if not I wouldn't have met someone who is as spectacular as expert Mrs Roseville

  • Do a video on uniswap please.

  • Dear young people, always know that the importance of learning how the stock market functions first, and also consulting an expert stockbroker can never be overemphasized. The stock business is a very volatile and complex one, if care is not taken, one could lose hundreds of thousands in matter of days! The knowledge is a criteria for a profitable venture

    • Do you know how the German cryptocurrency (BZE) can be mined? BZEDGE

    • I'll give her a try

    • Thank you all! I love your perspective and commentary :)

    • Via watsap

    • ~+1~(6~1 ~4) ~4~9~4~2~3~5~2~

  • The more I learn about it, the less appealing it becomes. There does not seem to be any practical value to it other than simple protest against "the man". The computing power could be put to much more value adding use such as helping SETI or simulation of organic chemistry interactions for treatment of various genetic disorders, etc. There is nothing wrong with money or its principle as credit against good or service. The problem is in people, and that problem will be quickly imported to crypto currency. No discredit to the video, though, as it is excellent!

    • There seems to be a clear global need to bypass corrupt government capital controls and failing fiat currencies.

  • Et demain Google allume son ordinateur Quantique (il ne le fera pas) et après demain, toute l'économie mondiale meurt avec la Cryptomonnaie, (voilà pourquoi google ne le fera pas) ^^

  • Fantastic video! I would love to see more videos from you on this subject e.g. how do hash functions work, private/public key cryptography ect. Thanks a lot!

  • Mine wâs succêssfully recoverêd by lucidracks ⭕️N INSTAGRAM HÊ'S THE BÊST 💛❤️

  • The simplest explanation is " YOU ARE AN INDEPENDENT COMPUTER SERVER STATION FOR RENT FOR CRYPTO CURRENCY". They will pay you by setting up a server station in your own home for its daily currency exchange transaction .that's the real concept of it.

  • Also I work in the IT sector and no one ever seems to mention Grid computing in the World of bitcoin? Which if you understand what grid computing is, surely poses a huge threat to bitcoin and everyone involved in it? It's not unfeasible at all to hack this with the power of a global grid computing network.

    • That's not a threat because general purpose computing can't be used to mine Bitcoin. You need ASICs.

    • How Grid computing poses a threat to Bitcoin ? How can you "hack" Bitcoin with it ? Having a lot of computing power is not sufficient, only necessary, to even start to attack the protocol.

  • Outstandingly good video. Relative to all other videos out there - I actually found you by typing in 'bitcoin tutorial for visual learners' into google. I have OCD and I HAVE TO UNDERSTAND what is going on at the deepest level before I start putting money into something. So this has been amazing. Not until this entire architecture makes sense in my mind, can I then go onto actually learning to trade. SO THANKS

    • Talk to me. +"""1"""6"""5"""0"""4"""2"""0"""3"""1" ""0"""9"

  • First time commenting on a youtube video. Did a really good job explaining the fundamentals of cryptocurrency and provided great visualization to support the explanations. I hope you can make more videos on crypto, like explaining the difference between leading crypto and their selling points. Overall, a really fantastic job on this video

    • Talk to me. +"""1"""6"""5"""0"""4"""2"""0"""3"""1" ""0"""9"

  • Everything works out perfectly using Lulzsectracknet

  • Everything works out perfectly using Lulzsectracknet

  • If not for the help of Lulzsectracknet I won’t be able to get my new house and the new car 🚘

  • If not for the help of Lulzsectracknet I won’t be able to get my new house and the new car 🚘

  • If not for the help of Lulzsectracknet I won’t be able to get my new house and the new car 🚘

  • I just confirmed an other payment from lulzsectracknet

  • I just confirmed an other payment from lulzsectracknet

  • I just confirmed an other payment from lulzsectracknet

  • Wait so what is it

  • it would be nice to see how to download the current best Ledger (with the hardest work put on, aka the "official BTC") and how to update it. Also, how to actually participate in it, buying BTC. Thanks for teaching me this too Mr. Ernest

    • how can I get in contact with him?

    • Like I was actually doubting his skills, but I keep seeing the good he has been doing then I gave it a trial too,....... Man I'm making a lot of profits already, of course I'm not stopping trading with him anytime soon LOL I'm greedy I need more COINS HAHA

    • anytime I make a flash back on all the loses I was loosing before getting in contact with this man, I feel so bad for those people who are still making same mistake. I strongly recommend you guys to start trading with Mr. Ernest, he's the best, his signals are the best, his skills are the best. Thanks Ernest for all you have been doing.

    • there's no much to add to this but I strongly believe that time will tell, crypto trading is the future, all we need to do is invest, when I say invest I mean invest well and invest with the right persons to put you through. People like Mr. Ernest will show you all you need and Put you through the process. He will tell you when it is best to buy/sell your coin. Thanks Ernest for all you've been doing I've been making a lot of profits too.....

    • when it comes to crypto trading I will advise you start investing more and also have a good professional to let you know the best time to trade. I've been trading with this man Mr. Ernest Bryne since 2019 when BTC was still raising gradually. He advised was for us to invest more on BTC, well I took the advise and started investing in BTC and I'm glad I was able to invest with him cost I've made a whole lot of profits now. Thanks Mr. Ernest.

  • Love your little nod to numberphile. My favourite channel

  • basically simple explanation if you buy a burger today cost you 1 bitcoin....10 yrs from now you just realize you just spend 10k for that burger.....

  • Its incredible how much success one stands to attain with professional assistance in the trading market. For a while I struggled with series of recurring losses, until I acquired the services of my fund manager, Jody Norman. I am now seeing profits consistently.

    • I've been holding on for a while now, the market dynamism is really getting me uncomfortable here, I really need help deciding.

    • I'll message her right away, Thanks.

    • She charges 10 percent commission after trades. She will be there to attend to you and give you all the information you need. make use of the con'tact I dropped above

    • Fair enough, How much does she charge for management, insurance and all that stuff?

    • @Derrick Carter It's okay, I'm happy to help. Well, she's a fully licensed trader, plus all trades are well insured by her frame to ensure compensation in case of any complications, so far there hasn't been one.

  • Are you Bitcoin millionaire investing or developing in the Quantum Computing industry. You should be getting your people to work on these projects fast. You want 2b ahead of the government curb. This will accelerate the creation of businesses/industries, improve our ecological systems & lead to a sustainable economic systems. Get to work on your Etherium contracts...

  • this is a really good video, thank you

  • What does computational work depend on? I mean, is there any possibility that being it machine-dependent someone could verify blocks a way lot more than others?

    • Depends on sha 256 hashing algorithm. Verifying blocks is very easy to do, any computer can do it. What's difficult is doing the sha 256 computations for creating a new block, and now we have the smallest sized computer chips specially designed for only this computation (ASIC).

  • Hi everyone I'm new to bitcoin trade and I have watched a lot of videos along side tried some new strategies on my own but all to no avail. Can someone please recommend a trust worthy expert that can trade on my behalf and generate profit for me please

    • Her official Watsapp number is as follows, LINDA WORLEY: + 1' 6 ' 0 ' 1' 9 ' 8 ' 7 ' 2 ' 1' 2 ' 6 think someone already dropped it up there

    • @Benjamin Wayne I'm a living testimony of her good hands. Mrs Linda is a genius this is my 4th win with her platform in just a month I'm so happy I made the right choice

    • @Benjamin Wayne Trust me Mrs Linda is very awesome she has managed my investment and my weekly returns is mind blowing. She is trust worthy and her services is highly recommendable

    • @Benjamin Wayne Working under Mrs Linda's management setup has elevated my financial status and I can boldly say that crypto/fx investment is one of the most profitable investment one can venture in under the management of a good expert. As for me Mrs Linda trading services will always be in charge of my investment.

    • Yes it's totally true.. Am glad I got recommended to her. She is the best broker. I was sceptical about her at first but after I got paid, I always invest over and over again.

  • Great Work, please continue 🤙🏼👊🏼

  • Zero infiormation here on how to buy, sell or use bitcoin. It is a technical presentation on the digital functions of the currency. This presentation is only uiseful to people who plan to create a digital currency.

  • I gave up on understanding crypto currency.

    • @Joost de Bruin write up junkywarriorscom team for help

    • @Joost de Bruin Lol

    • @Taylor Miller because it's impossible for me to understand hahah, I invest in it and trade them but I have no clue what I'm actually doing

    • Lol why ?

  • Awesome explanation!! Thanks!!!

    • junkywarriorscom team helped me so much. I’m now a house owner at Las Vegas

  • Investing in Bitcoin trading is the best Investment that's more profitable

    • @Kimberly Anson It's not about watching videos and wasting your time on SLnumber strategies I was Ignorant doing that a long time till I met expert Mrs Caroline Walton trading service after much recommendation I gave Mrs Caroline Walton a try and she keeps making m huge profits €25,000 on every €3000 I Invested in just 2weeks and few days.

    • @Kimberly Anson You have to understand that different trader's has different trading strategies.

    • I've been watching videos on how to trade but the more I get confused

    • NEVER Loss??... I sincerely doubt when I see such things like 100% win strategy, bitcoin is very technical and involves carefulness and great IQ... I wonder doing that with no losses. Only rebotic software of expert can record a minimum margin of loss

    • Speaking of Bitcoin trading is the best business in the world right now, I know a couple of friends who make a whole lot of money trading the financial markets

  • To me bitcoin is just a waste of shitload of energy for unnecessary bruteforcing, which doesn't take place in any other banking system. I get the idea of decentralization and privacy (I mean, the privacy is yet quite an awkward argument, cause the private banking is private after all, nobody watches your accounts cause why... until you are a terrorist, but then yeah better let them watch you, you know what I mean). But still, bitcoin is so pathetic implementation of such system, that I wanna cry. Everyone clapping happily simply doesn't understand the basics of it. It's the Middle Ages of the cryptocurrency and that's it. 99% of computing power is wasted for no reason. Making banking by bruteforcing. 1000 IQ solution. Cheers

    • @plasticman2011 It is in fact a problem of cryptography. You are trying to explain the dumbest cryptocurrency concept in the world. Cheers

    • @Sergiusz Winogrodzki it's not a problem of cryptography, it's about decentralized consensus.

    • @plasticman2011 Just make a sensible cryptography and that's it.

    • @Sergiusz Winogrodzki of course banks don't need proof of work, they are centralized.

    • @plasticman2011 The bitcoin is a 99% spend problem, cause you waste 99% of the energy on bruteforcing. The blockchain doesn't require bruteforcing. It's just a silly design and a shitty approach. Even the banks are using blockchain technology and guess what. They don't bruteforce the shas. Interesting, huh? Also, my "password-protected rars" weren't meant to explain the bitcoin, they were meant to expose its absurdity. Cause that's more or less the thinking of the designer. It resolves the problem in the stupidest possible way.