How Bitcoin Works in 5 Minutes (Technical)
* O link do vídeo está no final desse post.
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A short introduction to how Bitcoin Works.
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Written Version:
Less technical version:
Germain caption translation provided by adi331 : 19s6rqRfHa19w7wcgwtCumPs1vdLDj1VVo (thanks!!)
Vídeo
Me chamo Felipe Trader e moro aqui em São Paulo. Comecei no forex a 6 anos atrás e hoje vivo somente do meu trading diário. Aqui no blog conto pra você as ferramentas e serviços que uso pra ser lucrativo.
I think it's pretty bad for the economy. Generating money without productivity will cause inflation.
Thank you. Mathematically of course. 👍
bruhhhh
Idk why I’m getting this recommended now but 5.2 btc for a lawnmower don’t sound too bad
When this came out BTC was like $300…
Finally found the a video with the perfect degree of technicality for me to understand!! Thanks this was awesome!
I think you need to know a basic accounting knowledge to understand this. I understood It for the first time. I thank you!
How bitcoin doesn't work…. Youtube decide I should watch this 7 year old video….. 🤔
It took years for me to understand I am now told Bitcoin is not a secure network it’s not a private coin which I thought it was
At 1:40 you mention the primate key is used with transaction information to create a signature. My understanding of public/private key is you cipher data with the public key that is shared with anybody then you decipher with your private key.
So how something cipher with a private key can be read with a public key?
You lost me at cryptographic hash function.
i count myself to be successful in bitcoin mining because of the intriguing strategy of my broker Mr bob Clinton
i hope that lawn mower comes with gold
$49 000 for a lawn mower??
Yeah, it makes it very clear that this is most likely a Wall Street /bankster backed plan to move us off fiat currency and into digital fiat currency. Thanks for taking the time.
that's one expensive lawnmower
I would love to meet the person who wrote/created bitcoin
clear as mud!
You're kidding me! Someone is supposed to understand this?! This is an example of why Bitcoin doesn't work, won't ever work.
Actually one of the better descriptions I have read/watched. I think I almost understand it now!
No more money is given out after 2140?… That day will mark the end of bitcoin.
5.2 btc 10396.07 British Pound is this lawnmower made out of gold?
Sounds to time consuming to me.
I got an Ad from DASH. They are against Bitcoins…….
Fuck off me, IDK why I clicked on this shit, I'm lost and confused.
I get a Bitcoin ad at the start of the video, coincidence?
oh and pc players, these bitcoin miners are the reason that no decent gpus are available. So thanks miners who should get a real job
I still don't understand bitcoin
My head hurts..
Still dont get it ….
Who knew that Alice can be so sneaky?
I didn't feel like you explained the double spending prevention and how it translates to the block-chain. How does the "lottery" determine which transaction is legitimate? The way it's explained above implies that both transactions would enter the pool and whichever hash match occurs first gets added to the end of the chain. It obviously can't work this way. Thanks for the video! Lots of good information here.
Great graphics but talks so fast about so much technical detail in just 5 mins that after watching it twice I still only vaguely understand it.
3:05 what solution?
Someone is sitting back and collecting all the dollars for these Bitcoins !
nice (Y) this is what I was searching for. Mining
But one question, how many bitcoins are there and how they get their value as compared to any currency?
will I ever get rid of math 😭
This is a monetary system the gov. Should adopt instead of letting everything go to hell.
There are many mistakes in this video. There is no "balance" in bitcoin, only transactions. The blocks are the essential element securing the network (including the problem of time) and they are left out. Nobody tries to link their own transactions to the ledger, people try to link blocks, and this allows them to put a transaction to themselves at the end of the block (generating new coins). Understanding Bitcoin is complicated and will not take 5 minutes, if you're interested I'd recommend the course at coursera.org. If you are only willing to spend 5 minutes understanding bitcoin then go grab a beer and forget about it.