I love the way Nick talks. It is in fast, he pauses to let important statements sink in. This is one of the most thorough if not the most thorough videos I have seen on the technical aspects of Bitcoin. There are lots of Bitcoin channels based on price action and technical analysis and macro events that shaped the price of bitcoin, but this is by far the best I have found in the category of the technical aspects of Bitcoin is second to none
This is an amazing set of lectures and you're one of the few people who could have done it. Truly educating a new cohort of bitcoiners here. With this, they might just actually self custody. Well done. Keep going.
To Michael’s question about why a better cryptography coin won’t just surpass BTC: another part of the answer is the Blockchain Trilemna. Any cryptocurrency protocol can only optimize for 2 of these things: security, decentralization, speed/throughput
Nick, you have a very complicated way of explaining mining. Here is a much easier way. Mining is like rolling dice and trying to get all 6's. Say the difficulty is at 22 dices. So each miner gets to roll 22 dices and try to get all 6's. The more chips you have, the faster you get to try again and you roll faster than others, thus increasing your chances to win the jackpot. The jackpot is awarded every 10 minutes or so. Every two weeks, the number of dices each miner gets is adjusted to keep the jackpot at around 10 minutes.
It is fine the existence of BTC... But it still seems it can easily be substituted... I do not see same problem with gold. Michael sends direct bombs to the floating line of btc ship... It seems fragile...
I love the way Nick talks. It is in fast, he pauses to let important statements sink in. This is one of the most thorough if not the most thorough videos I have seen on the technical aspects of Bitcoin. There are lots of Bitcoin channels based on price action and technical analysis and macro events that shaped the price of bitcoin, but this is by far the best I have found in the category of the technical aspects of Bitcoin is second to none
It is absolutely fascinating seeing Michael Howell discussing Bitcoin, really, great job breaking it down
This is real outreach work. He needs to get Ray Dalio next!!!
I just realized if I tried to share the thousands of hours of education I got on btc to someone else I would sound like a conspiracy theorist lol
This is an amazing set of lectures and you're one of the few people who could have done it.
Truly educating a new cohort of bitcoiners here. With this, they might just actually self custody.
Well done. Keep going.
Nick, you’re such a great teacher. You explain it really clearly.
To Michael’s question about why a better cryptography coin won’t just surpass BTC: another part of the answer is the Blockchain Trilemna. Any cryptocurrency protocol can only optimize for 2 of these things: security, decentralization, speed/throughput
Love this series!
Thank you for doing this :)
Awesome 🤩
I’m loving this series
Classic series
Nick, you have a very complicated way of explaining mining. Here is a much easier way.
Mining is like rolling dice and trying to get all 6's.
Say the difficulty is at 22 dices. So each miner gets to roll 22 dices and try to get all 6's.
The more chips you have, the faster you get to try again and you roll faster than others, thus increasing your chances to win the jackpot.
The jackpot is awarded every 10 minutes or so.
Every two weeks, the number of dices each miner gets is adjusted to keep the jackpot at around 10 minutes.
We need longer videos! ❤
Excellent 💪
Thx
❤TBL
How are we 2 hours in and we havent talked about energy?
It is fine the existence of BTC... But it still seems it can easily be substituted... I do not see same problem with gold. Michael sends direct bombs to the floating line of btc ship... It seems fragile...
No
Awarding trees not axes