How Bitcoin Works in 5 Minutes
A short introduction to how Bitcoin Works.
Want more? Check out my new in-depth course on the latest in Bitcoin, Blockchain, and a survey of the most exciting projects coming out (Ethereum, etc):
Less technical version:
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Germain caption translation provided by adi331 : 19s6rqRfHa19w7wcgwtCumPs1vdLDj1VVo (thanks!!)
What is Bitcoin? Bitcoin Explained Simply for Dummies
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Bitcoin is the first decentralized digital currency. All Bitcoin transactions are documented on a virtual ledger called the blockchain, which is accessible for everyone to see.
Bitcoin gives you complete control over your money, unlike other assets you own which are regulated by banks and governments. As bitcoin gains more popularity, more and more places accept it as a payment method.
That's Bitcoin in a nutshell. For the complete simple explanation watch this video, here's what I'll cover:
0:50 - What is money?
3:10 - Fiat money
3:43 - Fiat money drawbacks
4:25 - Digital money
5:34 - Centralized money issues
7:21 - Enter Bitcoin
7:44 - Bitcoin is transparent
9:13 - Bitcoin is decentralized
9:35 - Bitcoin is digital
9:56 - Why is Bitcoin such big news?
11:45 - Who accepts Bitcoin?
12:05 - Conclusion
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Bitcoin explained and made simple | Guardian Animations
Baffled by bitcoin? Confused by the concept of crypto-currencies? Well, fear no more. In 190 seconds we explain what bitcoin actually is, where the idea came from and the impact it's having around the world. Is bitcoin the future of finance, a potential destroyer of the economy ... or just a silly slice of technical utopianism?
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What is Bitcoin? How to Mine Bitcoin? Any Good?
Namaskaar Dosto, yeh ek bahut hi interesting video hai aur maine yaha aapko BitCoin ke baare mein bataya hai, Bitcoin kya hota hai? kaise kaam karta hai? bitcoin mining kya hoti hai? Bitcoin kaise earn karte hai? Bitcoin ki value kitni hai? Bitcoin aur baaki currencies mein kya difference hai? Yahi sab baatein maine aapko is video mein batayi hai, Mujhe umeed hai ki aapko Bitcoin ke baare mein yah video aapko pasand aayo hogi, aur aap Bitcoin ki mining ke bare mein aur Bitcoin se earning ke baare mein bahut kuch jaan paaye honge.
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How Bitcoin Works Under the Hood
A somewhat technical explanation of how Bitcoin works. Want more? Check out my new in-depth course on the latest in Bitcoin, Blockchain, and a survey of the most exciting projects coming out (Ethereum, etc):
Shorter 5 min introduction:
My Bitcoin address: 13v8NB9ScRa21JDi86GmnZ5d8Z4CjhZMEd
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Spanish caption translation by Borja Rodrigo, email@example.com, DFJWgXdBCoQqo4noF4fyVhVp8R6V62XdJx
Russian caption translation by Alexandra Miklyukova
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Italian captions translated by Simone Falcini, 1H5KdCnBooxfqpXtyQBBAKKRU7MkCZCVCe
Bitcoin and cryptocurrencies explained for beginners
Bitcoin has been all over the news in recent days, reaching all-time highs then dropping thousands in minutes. So what is the hype all about?
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Easy Profitable 1-Min Bitcoin Scalping Strategy
Easy Profitable 1-Min Bitcoin Scalping Strategy - If you have any questions let me know. I use Bitmex for trading this strategy and for more information check out Good Luck
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How Does BitCoin Work?
If money is only valuable when we believe in it, how much is a BitCoin actually worth? Jonathan explains the virtual currency as well as how to mine it and the risks involved in investing.
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Bitcoin Cryptocurrency for Beginners ????
ATTENTION: I AM NOT ON TELEGRAM!!! To anyone who is being approached under the scam please report to Telegram. How I got Rich off Bitcoin! We've all been hearing about it. What is Bitcoin? What is cryptocurrency? How do I invest my money into crypto? This video is for all my beginners so I had to break it down for you boos. Sign up for a coinbase: & Kucoin: These are MUSTS for beginners.
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How does a blockchain work - Simply Explained
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How To Mine 1 Bitcoin in 10 Minutes - Blockchain BTC Miner Pro
What it really takes to mine a Bitcoin in 10 Minutes. Firstly I'll show you a special free method to mine Bitcoin and send funds directly to your wallet in 10 minutes! Of course it doesn't actually work, it doesn't mine Bitcoin and your wallet funds will be stolen, so don't do it!
Then I'll also show you what it really takes to mine a Bitcoin in 10 Minutes.
#bitcoin #blockchain #free
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But how does bitcoin actually work?
The math behind cryptocurrencies.
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Original Bitcoin paper:
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(This is particularly good for understanding the details of what transactions look like, which is something this video did not cover)
Video by CuriousInventor:
Video by Anders Brownworth:
Ethereum white paper:
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Bitcoin Basics - Explained For Beginners
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This Bitcoin basics video series will explain Bitcoin for beginners. You'll learn how Bitcoin works, and how to make money with Bitcoin. Many people are looking to mine bitcoin or trading bitcoin for profits. As a professional trader, my goal is to help you learn how to understand the opportunities and risks with the crypto-currency markets.
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What is Bitcoin?
A quick guide on the Bitcoin blockchain and how to buy BTC with a wallet.
How to mine cryptocurrency:
How Cryptocurrency Works | NYT
From Bitcoin to Litecoin to Ethereum, we explain how cryptocurrency transactions work.
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Bill Poulos Presents: Bitcoin & Cryptocurrencies Explained In 5 Mins. Bitcoin For Beginners.
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How To Invest In Bitcoin For Beginners (Buy Or Sell)
Bitcoin investing (bitcoin trading) is explained simply in this entertaining and informative 5 minute training video which uses fun cartoon-based scenarios to help you learn how to invest in Bitcoin and how to understand Bitcoin at a high level.
If you've ever been confused by Bitcoin investing in the past, this video will clear up any confusion you may have had.
Also, if you're looking to learn how to understand just what Bitcoin is, you will learn a little about Bitcoin mining, blockchain, and more in this short video.
For more information, get my free dummies guide to Bitcoin invest here:
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Earn $1,000 Per WEEK Online Without ANY Skill!
Make Money Online with Zero Skills in 2020!
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Kevin David here, a self-made multimillionaire, a leading Amazon seller, and an expert in Entrepreneurship and making money online. I provide information that is applicable for anyone looking for ways to make passive income, earn some extra cash, create a side hustle, or even work online for full time.
In today’s video, you are going to discover a brand new platform that you can leverage to make money online upto $1000 per day or even more. What’s the best part, you don’t even need any experience or money to start. I am going to show you step by step process of how you can do it, so make sure you watch the video till the end.
Here are the steps that you need to follow (with timestamp):
1. 00:13 - A brand new strategy to make money online
2. 01:56 - Solve the riddle to win a free course worth $1000
3. 02:22 - Digistore24, what is it and how can you earn money using it
4. 03:00 - Get started with Digistore24
5. 04:13 - How to find the best products and market them.
To stay up to date with innovative and proven ways to earn money online, make sure you subscribe to the “Kevin David” YouTube channel today. Make money online with the best work from home jobs!
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The Secrets Behind how the Internet Works
There’s no question that internet has revolutionised humanity. It is perhaps the greatest tool we have ever built, for better or worse. But how does it work? Who owns it? Where IS the internet? And who makes sure it keeps running? In this video we find out.
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I Tried Day Trading Bitcoin for a Week | Beginner Crypto
I Tried Day Trading Bitcoin for a Week I Beginner Crypto Robinhood
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In this video I tried Day Trading with some Bitcoin investments on robinhood. I am a complete beginner when it comes to bitcoin and crypto currency, i'm also a complete beginner when it comes to day trading. I just found some indicators and trading strategies online and went from there. I used tradingview for tracking bitcoin and and app called robin hood to buy and sell bitcoin. Ricky Guiterrez. Crypto trading analysis price news. complete beginner.
How Bitcoin Is Stolen? | 5 Common Threats | How Blockchain Works Part 2
So, ang pag uusapan natin dito sa Part 2 ay ang 5 Common Threats kung paano na nanakaw ang bitcoin sa isang tao.
Sabi ko nga kanina sa intro, $64 Million ang na-hack noong 2017 sa pamamagitan ng bitcoin ining service.
$40 Million naman noong 2018 sa pamamagitan naman ng crypto exchange.
At $292 Million naman ang nakuha sa 12 major cryptocurrency exchange noong 2019.
SO, ito ang mga dahilan kung bakit kailangan nating ma ingat.
0:00 - Introduction
0:38 - Overview
1:55 - Disclaimer
2:13 - Bitcoin
2:52 - What is Bitcoin ?
3:06 - Option for Bitcoin Storage
4:09 - Public and Private Key
5:23 - Bitcoin 5 Common Treats
5:35 - Obtain Password
8:03 - Exposed Private Key
10:31 - Impersonate Website
11:24 - Unsecured Third Party
12:54 - Exit SCAM
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How the blockchain is changing money and business | Don Tapscott
What is the blockchain? If you don't know, you should; if you do, chances are you still need some clarification on how it actually works. Don Tapscott is here to help, demystifying this world-changing, trust-building technology which, he says, represents nothing less than the second generation of the internet and holds the potential to transform money, business, government and society.
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Bitcoin: How Cryptocurrencies Work
Whether or not it's worth investing in, the math behind Bitcoin is an elegant solution to some complex problems.
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Bitcoin – explained in 3 minutes!
Digital currencies? Bitcoins? Huh? Our world is getting more and more digital: Communication, entertainment, business, payments – everything runs online.
As a result, Bitcoin is the first completely digital currency. But how does it work?
This simpleshow explains it to you in a short and charming way.
Author: Tom Ashford
Bitcoin Transaction Explained in 5 Minutes
In this quick video, we do our best to explain the mechanics of a single Bitcoin transaction in 5 minutes or less. We explain things like addresses, wallet apps, private keys, and the blockchain.
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The Essence of How Bitcoin Works
A brief intro to the main ideas behind How Bitcoin Works, including how money is transferred, who keeps track of it, and how the whole thing is secured. Want more? Check out my new in-depth course on the latest in Bitcoin, Blockchain, and a survey of the most exciting projects coming out (Ethereum, etc):
How Does Bitcoin Work? Super Simple 1 Min Video!
Do you know how Bitcoin works?
It’s actually not as complicated as you think! Join Niloo for a simple, quick explanation on the basics of Bitcoin.
A transaction is a transfer of value between Bitcoin wallets that gets included in the block chain. Bitcoin wallets keep a secret piece of data called a private key or seed, which is used to sign transactions, providing a mathematical proof that they have come from the owner of the wallet.
For more blockchain knowledge, guides, and courses, check out You can start by checking out our guide that goes into more depth on the mechanics of Bitcoin as money!
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Bitcoin is a network that runs on a protocol known as the blockchain. A 2008 paper by a person or people calling themselves Satoshi Nakamoto first described both the blockchain and bitcoin, and for a while the two terms were all but synonymous. The blockchain has since been conceptually divorced from its first application, and thousands of blockchains have been created using similar cryptographic techniques. This history can make the nomenclature confusing. Blockchain sometimes refers to the original, bitcoin blockchain; other times it refers to blockchain technology in general, or to any other specific blockchain, such as the one that powers Ethereum.
The basics of blockchain technology are mercifully straightforward. Any given blockchain consists of a single chain of discrete blocks of information, arranged chronologically. In principle this information can be any string of 1s and 0s – emails, contracts, land titles, marriage certificates, bond trades – and this versatility has caught the eye of governments and private corporations. In bitcoin's case, though, the information is mostly transactions
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Healthy #cryptocurrency comments and polite debate are welcome! NoCoiner-type rants and copy-paste propaganda are not :)
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Bitcoin Standard by Saifedean Ammous
Drop Gold ( #dropgold ) commercial by Grayscale Investments
WHAT is Bitcoin and How Does it Work
What is Cryptocurrency
Bitcoin for Beginners 2020
Bitcoin for Dummies
Bitcoin is a WORLDWIDE digital money or which is not controlled or centralized by any government, bank, location, or corporation.
It has a strict limited supply as there will only ever be 21 million Bitcoins forever and ever.
It can easily be transferred digitally around the world with reasonable speed.
Instead of transfer using banks, it’s done using a “blockchain” which is NOT centralized.
#Blockchain is technical to explain, so let’s just imagine it’s millions of independent citizens and their computers around the world working together and policing each other to honestly record transactions between you and me. These citizens also earn Bitcoin by providing this service. #2019
The original creator of Bitcoin, an anonymous person or group named “Satoshi Nakamoto,” does not have control of Bitcoin anymore; but he/it owns around 1 million Bitcoins worth billions of dollars. Today, Bitcoin is controlled by the participants/miners/coders (I like to call them “independent citizens” to denote that they don’t belong to any particular country) of the Bitcoin blockchain, and even YOU can be a Bitcoin miner/coder if you have the technical knowhow and the right equipment.
Finally! Super easy to understand! Sharing with you now, watch it...
CREATE YOUR OWN CRYPTO IN 5 MINUTES! | EXCHANGE IT WITH BITCOIN, ETHEREUM and many more!
[DISCLAIMER: I'm not connected/affiliated w/ their company. I just want to share this great opportunity from them.]
Guys, marami pa pong parating na iba't ibang hiring homebased jobs! Kaya stay tuned lang po saating NOW HIRING HOMEBASED JOB segment! ????????
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Bitcoin and Cryptocurrencies Explained in One Minute
I did my best to make this the type of video you can show to a relative at a family reunion without getting the look :) An easy-to-follow animation which should make it clear, even to individuals who aren't very tech-savvy, what bitcoin and cryptocurrencies are all about.
Please like, comment and subscribe if you've enjoyed the video.
To support the channel, give me a minute (see what I did there?) of your time by visiting OneMinuteEconomics.com and reading my message.
Bitcoin donations can be sent to 1AFYgM8Cmiiu5HjcXaP5aS1fEBJ5n3VDck and PayPal donations to email@example.com, any and all support is greatly appreciated!
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My second book, the Wall Street Journal and USA Today bestseller The Age of Anomaly (through which I help people prepare for financial calamities and become more financially resilient in general), can be bought using the links below.
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Last but not least, if you'd like to follow me on social media, use one of the links below:
Bitcoin in 5 minutes
Bitcoin is one of the most significant innovations of our time because of trust. The client-server model is a trusted relationship: remote server to access data.
In finance, we call it counterparty risk. In economics, we call it the central planning problem. In computer science, we call it the Byzantine General's Problem.
Bitcoin is an immutable, distributed database; everyone keeps a copy of the database; can verify proofs against that database.
The value reflects our trust: The currency price of the markets reflects how trustworthy that asset is.
The reason this works:
+block chain data structure
+economic incentive for security
+non-forgeable proof of work
Delivered by Eric Martindale: Bitcoin maximalist, relentless maker @Blockstream, & visioneer for @MadeWithMaki. Previously, Open Source Strategy at @BitPay, CTO at @coursefork, many more.
What is Bitcoin And How Does BTC Work?
Learn More About Crypto Investing:
As a real estate investor I have always been very traditional with my investments. Preferring proven hard assets to playing the markets.
So when I first heard about Bitcoin I thought it was a confusing ridiculous concept. I mean...the idea of the world adopting a new financial system seemed kinda nuts. But as I learned more about how cryptocurrencies and bitcoin work, and learned more about the technology that is behind them, I started to understand why crypto is the next natural step in the evolution of money.
In this video I break down a complicated technical concept like bitcoin (BTC) into simple to understand English.
If you want to learn more about investing in #cryptocurrency check out
Cody Sperber is a real estate investor, cryptocurrency investor, social media influencer, and entrepreneur from Arizona that has successfully flipped over 1000 houses and is currently one of the largest investment educators in the world.
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What is Bitcoin? Bitcoin Explained In Under 5 Minutes
What is Bitcoin? Bitcoin Explained In 5 Minutes!
Share this video with your friends or colleagues if they are interested but don't yet understand Bitcoin!
In this video I explain how Bitcoin functions, the Blockchain technology, and what role Miners play in the network.
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If you would like to Donate, You can donate me BTC or Pay monthly through my Patreon. Thank you so much.
My BTC Address: 142vY9yw23bPVq5b5zwFEZ7AcCVhgPTroX
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How Bitcoin Works
If you have invested just a hundred into bitcoin in 2011, you could have made almost 2 million dollars today. You could have become a millionaire just with a hundred dollars, maybe a billionaire with couple of thousand of dollars. And there are people who made fortune out of it!
Bitcoin is the hottest topic today because its price is skyrocketing, it went from a single dollar in 2011 to over 18K in recent days.
And a lot of people are wondering if they still should invest in bitcoin, is it too late or there is a still fortune to be made.
And thats the question we will try to answer in this video.
you will go broke if you invest here:
You Will stay poor if you keep thinking like this:
For more great content!
What is Bitcoin & How Bitcoin Works
This is a video guide for beginners about what bitcoin is, how bitcoin works, and the bitcoin value.
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======== TABLE OF CONTENTS ========
00:00 - Introduction
01:41 - What is Bitcoin?
05:41 - Who Created Bitcoin & Why?
10:14 - How Blockchain Works
15:27 - How Bitcoin Works
17:53 - The Bitcoin Supply
23:18 - Storage & Transference of Bitcoin
29:32 - Investing in Bitcoin
======== VIDEO SUMMARY ========
This is a video guide all about Bitcoin.
We break down bitcoin into simple concepts together, so by the end of the video, you will understand why bitcoin was created and the technology behind bitcoin.
If you Google search, “What is Bitcoin?,” you get answers like: “Bitcoin is the first decentralized open source, peer-to-peer network that is powered by its users with no central authority or middlemen using blockchain technology.”
Bitcoin may seem like a difficult concept to wrap your head around, yet it’s actually way simpler than most people think.
Using bitcoin, you can send and receive value directly to anyone around the world, anytime.
Satoshi Nakamoto created bitcoin and the bitcoin network using blockchain technology.
And blockchain is simply a method of record keeping using math and computer science, as opposed to accountants and bookkeepers.
The bitcoin blockchain is basically a live, running ledger of all the bitcoin transactions.
Each time a bitcoin transaction occurs, that data is transferred throughout the network of computers.
Bitcoin transactions are verified and broadcasted to the network via a process called mining and this process is completed by miners.
Miners are these people or pools of people that use computers with bitcoin software installed on them to maintain the bitcoin blockchain.
And mining rewards are a combination of newly minted bitcoins that were not previously circulating, and transaction fees of bitcoin that were already circulating.
There are existing bitcoins currently in circulation, and there are some bitcoin not circulating right now.
Currently, 18 million bitcoins are in circulation of the 21 million total supply.
To store and transfer bitcoin, you need to use bitcoin wallets.
The two general categories of bitcoin wallets are hot storage and cold storage.
Hot storage, or software wallets, are wallets that are on devices connected to the internet like a computer or smartphone or an exchange.
Cold storage are wallets on devices not connected to the internet, like dedicated cryptocurrency hardware wallet devices like Ledger, Trezor, or BC Vault.
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♦ Recommended 1st Option to Buy Bitcoin/Ethereum:
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======== SOCIAL MEDIA LINKS ========
● Facebook Page -
● Business Contact - Casey@CryptoCasey.com
● Website -
======== DONATIONS ========
♥ BTC - 12XfdCJqEuRRzMrcD1YaE5kHeSShdkcW3G
♥ ETH - 0xf94c719621E358890Dd33dD010a1fb4717EbdaE4
What is a BitCoin? Explained - Tech Tips
This introduction to bitcoin explains what is a crypto-currency and what exatly is a bitcoin? Also touched on are the other major currencies such as litecoin, feathercoin, and dogecoin.
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Understand how bitcoin works in just over 3 minutes | Elevator Pitch
Bitcoin and Blockchain. You’ve heard of them. But what do the words actually mean? Can you define blockchain? We’ve challenged a computer science expert to do just that, in the time it takes to ride an elevator. Easy.
You can watch Prof Richard Buckland on the UNSW channel here:
And here’s Wired’s dive into 187 things blockchain is supposed to fix:
This is an official Australian Broadcasting Corporation YouTube channel.
Contributions may be removed if they violate ABC's Online Conditions of Use (Section 3).
How Bitcoin Wallets Work
Wallets in cryptocurrency work in a weird way. They also have some weird properties like: they can be created offline and be used directly. Whut? Let's see how it all works, Simply Explained!
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Bitcoin Transaction Details - Part 1
A look at how a transaction is constructed
This video is part of a larger online course, From Barter to Bitcoin: Society, Technology and the Future of Money run by Prof. Bill Maurer and Prof. Donald J. Patterson In addition to the video on YouTube there is a variety of other content available to students enrolled in the class.
In 2008, a person calling himself or herself or themselves Satoshi Nakamoto released a paper suggesting a system for an anonymous, peer-to-peer alternative money. Bitcoin was born. Although not the first digital currency ever proposed, nor the first challenger to fiat money, bitcoin is the first to have captured the broad imagination of speculators, coders, regulators, criminals and the mass media. This course puts Bitcoin in context: how do we understand money as a social, political and technological phenomenon? From discussions of ancient transactions to the rise of state-issued currencies, we will explore the social and technical aspects of bitcoin, its predecessors and potential successors, and how its features echo aspects of many different historical transaction systems. No prior knowledge of economics or computing is required.
There is little academic writing on bitcoin. And this may be the first truly academic class on the topic. We want to put bitcoin in a wider perspective, to reflect on what it means for society, politics and economics, as well as how it helps us think about money both a social and a technical phenomenon. This class is not an advanced seminar on bitcoin--we will not be delving deeply into the inner workings of the system, but instead providing a bird's-eye overview with enough technical detail for you to be able to put media stories, hype and hope around bitcoin in perspective. Similarly, this is not a class in monetary economics--we won't go too deeply into monetary theory or policy, the money supply, or inflation. Instead the class invites you to think more deeply about one of the oldest systems of technology on the planet, and most ubiquitous: money, whether coin, cash, credit card or cryptocurrency, we humans have been making money for most of the past 10,000 years. How we do so in the future is a question bitcoin just maybe helps us answer.
How To Mine Bitcoin: How Bitcoin Mining Works ???? ⛏ ⛏ ????
Want to mine bitcoin but know nothing about it? Learn more of the technical side of mining bitcoins and how mining bitcoins works. Subscribe to our channel to find out more about Bitcoin and everything else about cryptocurrencies!
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How Bitcoin works - Programmer explains
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GOTO 2014 • How the Bitcoin Protocol Actually Works • Jan Møller
This presentation was recorded at GOTO Aarhus 2014
Jan Møller - Principal Engineer at Mycelium & Expert on Bitcoin
A solution to a problem that by many scientists was believed impossible to solve was proposed in 2008 by Satoshi Nakamoto. Since then the Bitcoin network has grown to be the biggest distributed computer in existence.
In this talk I will explain how Bitcoin works at a technical level and discuss other possible applications of 100% decentralized networks.
What Are Bitcoin Blocks and Bitcoin Confirmations ?
A short simplified tutorial about Bitcoin blocks and confirmations for newbies.
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How bitcoin futures trading works
Bitcoin futures are now available for mainstream investors, which is expected to help the cryptocurrency grow because it gives more investors a way to put money in bitcoin with less risk.
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Simple Cryptocurrency Scalping Strategy
This video showcases an incredibly simple to use strategy (The Pivot Reversal Strategy) that indicates exact buy and sell points + gives an indication if the market is bullish or bearish. You can find this indicator on Tradingview.
Cheat Sheet I: 1:17
Statistical Backtesting of the Strategy: 7:50
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Disclaimer: The content covered in this video is NOT investment advice and I am not a financial advisor. The material covered within these videos is for educational purposes only. Always do your own research and only invest based on your own findings and personal judgment. Happy Trading!
Lecture 2 — How Bitcoin Achieves Decentralization
Second lecture of the Bitcoin and cryptocurrency technologies online course.
For the accompanying textbook, including the free draft version, see:
In this lecture (click the time to jump to the section):
* Centralization vs. decentralization 1:12
* Distributed consensus 4:45
* Consensus without identity: the block chain 17:46
* Incentives and proof of work 35:43
* Putting it all together 55:39
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