Added note: Nowadays a node is not just for mining. There are different types of nodes. This video is very basic and is meant to give a simple explanation of Bitcoin according to the white paper. There are a lot of things I didn't cover like how digital signatures work, block sizes, etc. The world of Bitcoin is full of rabbit holes to explore. I made this video to help my friends who don't know anything about cryptocurrency to get a basic idea of Bitcoin.
Thank you so much for this video!! It’s *chefs kiss* with the explanation. I haven’t read it yet but I feel like now I can read it and understand what’s going on. You are appreciated!
Best analogy of trying to explain what is a hash. I am going to use the ‘bread/cooking’ analogy with all the students i try to teach. Thanks for the video, it was good. (James sent me here)
I’m so glad I found this video! You’re the only person to explain it like I’m literally dumb, bc that’s what I needed! Don’t know why this video didn’t come up when I searched for it though (just found it in randomly as I scrolled on another video).. THANK YOU!
Boy... that was really useful! I watched the video till the end! I really like the bred recipe thing -) Appreciate your efforts! I really like your approach! It was fan! All the best !
The only problem is that you can devide Bitcoin. You don't have to have a full coin. So that Means the Total amount of Bitcoin fractions is unlimited because you can keep deviding them. And unlike gold, where the value of gold is measured to the amount of kg, Bitcoin is a piece of code that has no intrisic value to measure it's value against.. Or am I wrong?
@@UrbanCaffeine You get it! And we are in great need of educators. To understand cryptography just imagine the statement: if gloves are for hands are what socks are for feet and if I state that one finger is equal to one to, then you would have 1 to 1 finger to toe. Not sure if it was the best example but I want to thank you from the bottom of my heart for going through the whitepaper. Thanks!❤
Seems like once there is no more halving or no more influx of bitcoin then the economy of Bitcoin goes stagnant either everyone dumps it or everyone will hold it
@@UrbanCaffeine Instead of everyone dumping it, it could turn into something more along the lines of rare coins. The less that is available, the more valuable it is to someone else. I'll bet nobody back in the day thought a US $20 gold piece would have much more value than $20.
@@UrbanCaffeine whoa ArkInvest? Just by association that already makes you a celebrity. I honestly just waiting for a thread of “oh who’s james?” “James is my broker. I was skeptical at first, but I wish I met him sooner. He has already made me $25k in forex and crypto trading in just 2 months” “oh really? How can I contact Mr. James” etc etc
Added note:
Nowadays a node is not just for mining. There are different types of nodes. This video is very basic and is meant to give a simple explanation of Bitcoin according to the white paper. There are a lot of things I didn't cover like how digital signatures work, block sizes, etc. The world of Bitcoin is full of rabbit holes to explore. I made this video to help my friends who don't know anything about cryptocurrency to get a basic idea of Bitcoin.
Thank you, if you do in the future a second video talking more about it I will see. I am seeding the video to my brazilian friends. Thanks again!
Thanks for sharing!
Very helpful, exactly what I was looking for to help me understand and visualize the whitepaper. Thanks!
Thank you so much for this video!! It’s *chefs kiss* with the explanation. I haven’t read it yet but I feel like now I can read it and understand what’s going on. You are appreciated!
very well explained thank you!
hope you make more videos like this.
Thank you for this!
very well explained.. exactly what I was looking for ...just wow
So so good video! Thank you
Didn't expect this vid from your channel, but you did a great job!
Thanks. I was trying something different.
Best analogy of trying to explain what is a hash. I am going to use the ‘bread/cooking’ analogy with all the students i try to teach. Thanks for the video, it was good. (James sent me here)
Thank you! And thanks for watching.
Also, I didn't get to include digital signatures in the video but I was exploring an analogy of comparing a digital signature to a bread mold.
Hello mate, leave me your email address i have a business proposal for you
Found video quite useful. Thank you. :)
Very well explained! Thank youu!
Glad it was helpful! Thanks for watching.
Great video ❤️
Excellent
I’m so glad I found this video! You’re the only person to explain it like I’m literally dumb, bc that’s what I needed! Don’t know why this video didn’t come up when I searched for it though (just found it in randomly as I scrolled on another video).. THANK YOU!
Really clear and very helpful - thanks a lot!
Thanks!
Wonderful explainer!
Excellent video to break down Bitcoin!
What a delightful video thank you…
Boy... that was really useful! I watched the video till the end! I really like the bred recipe thing -)
Appreciate your efforts! I really like your approach! It was fan!
All the best !
Thank you so much! I had fun making this video. I wish you all the best as well. =)
James sent me here😁
Lol, thanks for watching! I hope this video was useful.
checking in. great video, will def share with some friends to try and spark their interest in crypto
Thanks and please do! I think crypto is really interesting and brilliant.
Hello mate, leave me your email address i something that will interest you
Wow! Nice job!! This was really fun to watch and you did an outstanding job of explaining it. This should have millions of views IMHO...
Thank you! I appreciate it 🌟
Thank you!
Just read the whitepaper.. but this made everything much more clear. Thanks!
Glad it helped!
Great job!
Hello mate, leave me your email address i have a business proposal for you
The best explanation on the internet
Thanks so much! Glad it was helpful.
Thanks
Well done
Thank you!
Great breakdown 👍
Thank you! 😊
Thank you so much :)
Thank you for watching!
This is a gold content :) Thanks!
You need to tell me what that background music is. Its so catchy.
nice to get myself in your channel
Good job
Thanks!
The only problem is that you can devide Bitcoin. You don't have to have a full coin. So that Means the Total amount of Bitcoin fractions is unlimited because you can keep deviding them. And unlike gold, where the value of gold is measured to the amount of kg, Bitcoin is a piece of code that has no intrisic value to measure it's value against.. Or am I wrong?
A thousand likes 👍
Great job @Urban Caffeine
Thank you!
The analogy of hash and bread was amazing
10K views, fuck we are early. Excellent explanation video, great job.
Awesome video! Shared!
(James sent me here)
Awesome! Thank you!
Hello mate, leave me your email address i have a business proposal for you
Globity gloop 😆. This was a great video, thank you!
Excellent video!
I really like your energy and it's pretty well explained.
Thanks for watching! It was a lot of fun putting this together.
very nicely explained, layman term
James told me to check out your video
That's great! Thank you for watching.
WHO IS CHRYSTOPHER CASERO DIZON TO SATOSHI NAKAMOTO?
Nice...
Hahaha you are super funny 🤣
You are SatoShe! ❤😎
🤣🤣🤣 I've never felt so honored.
@@UrbanCaffeine You get it! And we are in great need of educators. To understand cryptography just imagine the statement: if gloves are for hands are what socks are for feet and if I state that one finger is equal to one to, then you would have 1 to 1 finger to toe. Not sure if it was the best example but I want to thank you from the bottom of my heart for going through the whitepaper. Thanks!❤
* is equal to one toe
Great analysis! Thanks 👍🏼
LOL!!!! She said "this arbitrary content is called.... Globidy Gloop" HAHAHAHAHAHA!! 8:30
I can bake bread and once owned a rubber duck so thank you comprehended
It's like cold soft cash.
We don't need to do the math for the total supply. Just do the math for when there is no more rewards for miners.
.
Hehehe I don’t know what’s wrong with me 😫 I’m broken or get bored to easily when I have to read 😢 or am I don’t understand
Seems like once there is no more halving or no more influx of bitcoin then the economy of Bitcoin goes stagnant either everyone dumps it or everyone will hold it
It's really hard to say. They estimate that all of Bitcoin will be mined around the year 2140. Most of us will be long gone by then.
@@UrbanCaffeine Instead of everyone dumping it, it could turn into something more along the lines of rare coins. The less that is available, the more valuable it is to someone else. I'll bet nobody back in the day thought a US $20 gold piece would have much more value than $20.
Digital gold! 🪙
@@UrbanCaffeine Bitgold
👋Hello mate, leave me your email address i have something that will interest you
bro how tf do I open this white paper my mom want me to open it
Why is your audio so bad? 😭
Who owns and manages the time stamp server?
Who is James? I have a feeling it’s a “broker” who makes his clients lots of money.
Haha, he's a friend of mine on Twitter: twitter.com/jwangARK
@@UrbanCaffeine whoa ArkInvest? Just by association that already makes you a celebrity. I honestly just waiting for a thread of “oh who’s james?” “James is my broker. I was skeptical at first, but I wish I met him sooner. He has already made me $25k in forex and crypto trading in just 2 months” “oh really? How can I contact Mr. James” etc etc
Actually, I had to delete so many of those scam comments on this thread. Crazy how many there are.
Ditch the background music. Ruins the vid.
Never use an exchange wtf she talking about