Blockchain Expert Explains One Concept in 5 Levels of Difficulty | WIRED
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- Опубліковано 27 лис 2017
- Blockchain, the key technology behind Bitcoin, is a new network that helps decentralize trade, and allows for more peer-to-peer transactions. WIRED challenged political scientist and blockchain researcher Bettina Warburg to explain blockchain technology to 5 different people; a child, a teen, a college student, a grad student, and an expert.
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Blockchain Expert Explains One Concept in 5 Levels of Difficulty | WIRED - Наука та технологія
I want everyone in my life to explain things as though I’m a child because apparently that’s the level that made the most sense to me
Oh cmon. Don’t be like that. 😝
Eh, it’s more that people learn specific trades
@@detox1462 reddit is full of assholes and neckbeards
Learn to understand the more complex explanations then idk
Simplicity is the ultimate sophistication. Only fools overcomplicate their explanations.
Eye contact - level 9000
hahahaha amazing
I had to look away for them. Fuckin robotoids!
i felt mildly uncomfortable
LOL - thank you for this.... I was saying to myself: "I want this woman to have my child".... and I don't even want kids, but she makes great eye contact...
She must have a cramp in her eyelids or something. Maybe waiting for the next transaction to happen.
Honestly I felt like the expert level explaination made way more sense than all the others. The attempts to simplify it almost made it more convoluted.
I'm glad that I wasn't really only one
Yes, and it just felt to scripted on the learners side
It's pretty stupid
@@mikemayweather741 did you drop out of school?
@@James_the_Builder
I'm sorry but if you can't admit her explanations were lacking then you don't understand the subject.
*Finally someone who is willing to teach us younger guys instead of pushing some bs course on us. Appreciate it*
He said I can rely 100% on *VIRTUAL CRYPTOMINES*
@@erisskelton4832 As a first timer venturing into cryptocurrency investments, this course has been fairly insightful as it covers all the basics of understanding cryptocurrency markets and the relevant chart analysis techniques. The 1-2-1 sessions were well thought out and composed in an easy to digest manner. Kudos *VIRTUALCRYPTOMINES🟡COM* for making things easily understandable, Overall, it is a very solid Cryptocurrency Programme that I would recommend to anyone interested in learning the fundamentals of cryptocurrency and market chart analysis.
What is real Metaverse ? ua-cam.com/video/08sGiBxHDS8/v-deo.html
Level 1: Explain an abstract analogy
Level 2: Explain an analogy
Level 3: Explain Blockchain
Level 4: Explain Blockchain
Level 5: *Have Blockchain Explained to you*
definitely agree with #5 all others accurate
but that doesn't really explain anything?
I dont care what level she uses - just keep that eye contact with me.
@@sinjyn66 sinjin? Where is jade?
😍
- do you know what trade is?
- it's when you give up most of what you want right?
dogecoin people took that personally
Bitcoin
3 words: To the moooon!!!!!
@@dexx8858 Lol
Touche. My trade group calls it Forest Gump coin 😳
🤣🤣
*Please I need someone here to explain to me how everything works , I have been trying to start and I am finally ready*
Is *virtualcryptomines* really legit as claimed by my friends ?
@@sougatanayak6303 I greatly appreciate your honesty and how this worked out for you. I’m trying to learn this and integrate this strategy into my portfolio, just wanna do it right. This helps a lot. Learning what not to do is as valuable as learning what to do, this video provides both but later on I was convinced to try out packages of *VirtualCryptoMines🟡com* which have yielded lot more profits.
@@sougatanayak6303 Yeah you making 1k invest into something that gives an average 2.9% yield, that would take nearly 30 years to cover that initial 1k, Assuming your investment would grow, how long does it take to actually turn that initial loss around? Of course you can continually increase your investment but then you have more money you need to earn back. Do you simply have that dividend put back into the investment to compound the growth? That's why *virtualcryptomines🎡com* is the best
Its scam
You wanna invest in cryptocurrency??
1:34
Little Girl: "Really?" 👁👄👁
Bettina: "Really." 👁👄👁
😂😂😂
She could stare into the sun and it would blink first.
Hahaha
Golden comment
5:58 SHE BLINKED
2:29 blink
what a simp
The expert totally took over the video, and explained everything so amazingly!
and she was hooked to him ;-)
The second kid is super smart. Just note how quickly he gets everything. He immediately asks all the right questions. I'm genuinely impressed.
Scripted and smart enough to learn them.
It's definitely scripted. 🙁
Teenagers are much smarter than people think.
3:06 Definitely scripted
I used to similarly smart at that age.
Kid: Really?
Teen: Thats cool.
College Student: Mhmm
Grad: Conversation
Expert: I explain you listen.
Morgan Beesley 👏👏👏
Morgan Beesley Add times!
Not rly talking about a specific moment its just each different interview in general.
Sounds like the college student understood less than the teen
Morgan Beesley haha
This is awesome... Please make more videos like this, especially for current topics, things that are hyped and stuff that are easily misunderstood.
Rip the kid selling his computer on ebay thinking ebay protects the seller.
😂
First thing I thought of
That is one downside of blockchain
She gets even hotter while talking about blockchain
True dat!
Level 6: Elon’s tweets
🚀 🌙
"i like dogs and memes" xD
Dogecoin is a P&D, thanks to Elon Musk, Wall Street, and WallStreetBets.
dogecoin to the moon
laughing so hard gg
*IF YOU WANT TO ACHIEVE THIS WITHOUT STRESS THEN YOU NEED SOMEONE WHO UNDERSTANDS THE IN AND OUT OF HOW THE MARKET WORKS*
*VirtualCryptoMines* is recommended at this point
@@davidgaines16 I greatly appreciate your honesty and how this worked out for you. I’m trying to learn this and integrate this strategy into my portfolio, just wanna do it right. This helps a lot. Learning what not to do is as valuable as learning what to do, this video provides both but later on I was convinced to try out packages of *VirtualCryptoMines🟡com* which have yielded lot more profits.
In the 25 years that I've been a computer technician, the one thing that I have come to see as consistent is disappointment in how much goes wrong and isn't and won't ever be fixed. This refers to what she said at the end, and I think it is a fact rooted in the physics of the universe. We will always only do what is good enough, not what's good. It's like, companies are always a mess. Stuff that "should" be done is not getting done. They could hire more people and get those things done, but then that would reduce profits and the company was created to create profits. So, as long as those in charge think that things are going well enough to not just completely go out of business, it will always be a mess that's just good enough.
You said it!
You are precisely incorrect in your example. Companies are motivated by profit in a free market. When successful they “should” and will do what they can to make more profit and remain competitive, so they are innovating and pushing standards higher. A better example would be a government agency. They are not profit driven and do not have competition. So, they will do just enough to not be overthrown or disbanded. This is why streets are often littered with potholes and a visit to the DMV is often such an unpleasant experience.
Exactly why I tend to be skeptical about these scientific idealist types. I think the last guy at least seemed to have an understanding when he talked about rigidity and not addressing problems with the current system 15:45 . I know nothing about blockchain, but it sounds like a lot of it is based on trust in the software.
Yes exactly
@@thorkappabrosilon govt agencies are not profit driven...?! Pls wake up already
She has seen so much money that her eyes stayed opened forever upon shock
Watching crypto go up and up and up does have a cocaine-esque effect on you
@@woodyhitya markets are open 24/7 coke the only thing that’ll keep you awake 😂
@@Luke-mm4fy or adderall
@@Maxlodge as a person on adhd meds this is facts😭 i hope my staring is not that bad
She blinks about 500 times, I don’t understand what these comments are about
This does not explain blockchain it explains how blockchain is used
Higher/Enhanced value
Exactly.
Dr B i like the analogy you gave but to be more precise without getting much technical
Its not automatically approved but anonymous individuals or agencies approve it with math
@@shikharsoneji2495 thanks, I think we have the same idea.
@@rmmm71709 Blockchain is an algorithm potentially useful beyond crypto-currencies. So far, none of those other applications have been materialized, I am afraid.
*As a computer programmer for the last 10 years, i'm certain that we'll look back at Ethereum as the start of something truly revolutionary. The blockchain and decentralized applications are only beginning to be recognized for the benefits they offer.*
I used *virtualcryptomines*
@@angelabellagill3551 I greatly appreciate your honesty and how this worked out for you. I’m trying to learn this and integrate this strategy into my portfolio, just wanna do it right. This helps a lot. Learning what not to do is as valuable as learning what to do, this video provides both but later on I was convinced to try out packages of *VirtualCryptoMines🟡com* which have yielded lot more profits.
@@angelabellagill3551 Yeah you making 1k invest into something that gives an average 2.9% yield, that would take nearly 30 years to cover that initial 1k, Assuming your investment would grow, how long does it take to actually turn that initial loss around? Of course you can continually increase your investment but then you have more money you need to earn back. Do you simply have that dividend put back into the investment to compound the growth? That's why *virtualcryptomines🎡com* is the best
Bubble
What else is good? Just ethereum?
Real Teenagers: "im gonna rekt ur mom"
Scripted Teenagers: "So, how do you make sure this technology is secure?"
Instructions unclear: Bought more ETH.
Buy ADA🤩
I bought METH
@@mooncake4511 lmao
Buy MATIC
Just bought some more COKE
Kid: ‘I trust ebay’
Nigerian prince: hold my email
@Pokeros Gambleros bruh nooooo, outta pocket yoooo
Baaaahaahahahahahahaahhaahahahahahhahahahahahaha
😂😂😂😂😂😂😂😂😂😂😂
The Nigerian prince lol, never gets old 😂😂😂
😜🤣
Why would I be making 30k monthly on GorillaGPUs online mining service and still want to use these machines that create noise and needs heavy maintenance? I am glad I sold all my helium and bobcat miners when I started with GorillaGPUs.
do experts explain string theory in 5 levels of difficulty
oh shit this needs to happen.
YES YES!!
Child: "What if, but strings?"
Hahahaha ... that would be fantastic!
Yes
Level 6: Satoshi
i was going to say that lol
Level 0: BITCONNECT!!!!!!
Level zero is negotiating with a baby to borrow its teddybear
She won't be doing the explaining
Level 7: Buterin
@@bobbygunz9254
Lady: Have you ever sold anything?
Teen: *Just some weed in the school's parking lot*, Ahem- I am selling my computer on Ebay.
When he asked about selling apples and there being no way to tell what actually got sold I thought he was leading to "Wow this would be great for selling drugs then!".
😂😂😂
so much underrated comment lol
best comment everr lol
best comment
i really love how she adapted her body language, facial expressions and tone of voice with each person, she'd be a great teacher! a joy to watch and a good explainer.
Go to sleep 😒
Yes, she did a great job having an appropriate tone at each level!
Bad explanation tho lol
@@irlvnt id like to see you do better
'Actually I'm selling my computer on e-bay right now.'
- 'ThAT's AmAziNg!'
Also she lost the first girl completely you can see it in her eyes. She wasn't listening because she didn't understand.
if GorillaGPUs can give me 20,,000 a month wtf do I need a physical; miner?
*When it comes to the world of investing,most people don't know where to start. Fortunately, great investors of the past and present can provide us with guidance*
Most I know used *virtual crypto mines*
@@lindamateri7298 Extremely point by point video Well I will also say this here, Most people don't understand the concept of "buying the dip" buying the dip is all about buying digital assets when their prices are down and selling off when the price rises. Holding is great, although trading is far more profitable. I was able to grasp the knowledge of trading crypt0 assets early enough, but I was still limited due to my lack of technical understanding of how to analyze the digital market, all that changed when I encountered *VirtualCryptoMines🟡com* , I must confess it was easier to understand with the assistance of Andy that has made me over good ᴄoin.
@@lindamateri7298 As a first timer venturing into cryptocurrency investments, this course has been fairly insightful as it covers all the basics of understanding cryptocurrency markets and the relevant chart analysis techniques. The 1-2-1 sessions were well thought out and composed in an easy to digest manner. Kudos *VIRTUALCRYPTOMINES🟡COM* for making things easily understandable, Overall, it is a very solid Cryptocurrency Programme that I would recommend to anyone interested in learning the fundamentals of cryptocurrency and market chart analysis.
What is real Metaverse ? ua-cam.com/video/08sGiBxHDS8/v-deo.html
The major problem with this video, is the focus on economics. Blockchain Explained should be a computer science expert, *not* an economics expert. This video doesn't go ito how the blockchain works *at all* - only how it is applied.
Asbjørn Olling yeah well there’s more than just the technology. It has to be socialized so the economics side to it is just as important for understanding blockchain.
Since few people are affected by the economical effects id say that those are more important for the legitimization. If further explanation is needed, sure the technological aspects are important. Face it, only few people give a crap that electrons switch spheres between molecules so one can breathe🙈
That's what I was expecting. It was rather disappointing when neither of Level 3-5 were in the CS field. And to be honest, all three of the higher levels basically said the same exact thing.
A chain of digital signatures has been talked about since 2001. The revolutionary part about Bitcoin and blockchain is not the ledger or the chain of digital signatures, but its use of economics to encourage all the parties involved to grow the network by satisfying their greed. No trust required.
The technology and economics behind blockchain are equally important if you want to truly understand it.
The economics aspect of it takes, at most, 3 minutes to explain. This very video shows that. The technology being around for years means nothing when it's only now popular.
Blockchain sounds like a combo in Tekken
Coding in Flow lmaoooo yes
I love it 😂😂😂😂 !
That's exactly right
It is a combo... kind of... It's a combo that's blocked
Lmao
I see more to this than just buying crypto, my mentor also made mention that to me. More jobs are required is required
@Shannon Berry There are scammers but real brokers are out there for investors
@Shannon Berry Yes, I'm a living testimony of Mrs Sarah Ann Fetters
I'm not here to converse for her but to testify just for what I'm sure of, she's trustworthy and best option ever seen
@@billywescott6255 Zero doubt about mrs Sarah's trading patterns
@Larry Allen +190
Found the level 5 and 4 so much easier to understand then the previous ones 😶
The last guy's explanation of bitcoin/blockchain is one of the clearest I've ever heard.
Does anyone know his name? I really like the explanation as well and was wondering if there is more educational content he's done...
Atilla Acs His name is Finn Brunton, it says it in the video
Sir Caco thanks 🙏 that's what I get for only listening to videos 😄🤦♂️
Haha no problem man.
Its so clear, i died
Have to admit - watched this video about a year ago and had no idea what the expert level conversation was about. Back here now and, after a year of researching blockchain, coins and tokens, everything makes so much sense. Feels good man
Share your knowledge then. I just started my research on bitcoins and landed here.
@@Acaigeneral we are investing in how we will fundamentally do transactions within the real world and digital world. the internet 3.0
@@Acaigeneral Check out ankr
Yayyyyy!! This makes me feel better! I just started on my block chain education journey!!
@@yepperz ill buy 1000 ankr coins as Soon as my money on coinbase, currently all in matic
i think I like the part where she explained the blockchain to the kid and the 11years child it was quite understanding.
She didn't do the best job lmao
She is the kind of smart and pretty that could represent an evil corporation.
and the voice bro. the voice... so a full evil package here
She's not as smart as she sounds
You mean skynet?
@@belguteisama how about ecorp or deus group
@Jermaine Savory because she lost this fool at level 1
Is that what eye contact looks like when you have zero insecurities? Because I don’t want it
👍 to your underrated comment!
your pfp glorify the comment
I Look at people the same way. People get nervous lol but its just my way
@@stayingweakisnotokay7502 it’s engaging and confident I wish I could
To my understanding this just proves how much we need an edged as an investors because playing the market like everyone else just isn’t good enough. I’ve been quite ensured about investing in this current market and at the same time I feel it’s the best time to get started on the market,what are your thoughts?!
I did a little research about them, and they are very legit. Thank you for sharing. We hope they are featured to see how their farm looks.
shes a total grifter and snakeoil salesmen.. your stupid.. her company sells nothing other then hot air.
Imagine being a kid and wanting to hang out with your friends, but your parents want you to be a child actor, so you end up in a studio where a self-styled expert in "transformative technologies" lectures you about trade and peer-to-peer networks
Lol
Hilarious
LOL
LoL
It’s pretty fun though. I would love to learn about these concepts by experts
More like "Explain blockchain at 3 levels and have 2 in depth discussions."
Haider Ali haha
Which is the point. Any explanation turns into a discussion if your counterpart has a certain level of knowledge.
I'd like to see this episode remade in the next year or two given the changes and turmoil in many areas where blockchainhas been implemented.
Blockchain is the most exciting to people who don't know enough about it to realize that it's maybe not just useless but a hazard
@@eliminatorjr Components of it is used by 45 of 100 biggest tech companies in this world. Just cause something is tokenized, it doesn't need to be published, or gambled on it. It can bring security into your own product line, for example. It s still about cryptography, not about the money thing.
How to become a billionaire. Do not chase money, do not chase problem, Create one and sell the solution.
Investment is a good idea, and a good trading system would put you through many days of success.
Me: "Do you know what's blockchain?"
Kid: "I have no idea."
Me: "Haha me neither"
*Video ends*
Neutral ending
Imagine being an Economics & Finance major and not being familiar with the most revolutionary financial innovation of the modern age
Gotta love our education system! Lol
Hahahah I K R!!
Imagine an English major who never read Dostoevsky.
Imagine employers asking Economics & Finance majors to explain what crypto staking is in an interview.
Knowledge is being decentralised and the university’s are not keeping up!
A great conversation on an increasingly popular topic. Love this series.
The historian touched the real pain points of the technology with a deep understanding of underlying mechanisms and practical difficulties. I think he deserves to be Level 6.
He went Goku Level
He obviously has a better expertise than the "expert" that was invited for the video...
Where is level 6: rick and Morty watcher?
Just a floating brain.
The Richard and Mortimer viewer would be the one giving the explanation to all the experts
Never have I seen a show that makes someone with average and ordinary IQ feel extraordinary. Especially one with elementary Quantum Mechanics and some obtuse cultural references. The show should take a Guinness World Record for producing the world's biggest circle-jerk ever. They should've called it Dunning & Kruger instead of Rich & Morty.
Easy there hypnotica, you're taking Richard and Mortimer a little personally ....
rick and morty fans are level -1, sorry to burst your bubble lol
Hey there! Just wanted to remind you that it's never too late to start taking your investment journey serious. I remember struggling for years before diving into crypto last year and let me tell you, it completely changed my life so don't lose hope, my friend.
I'm very much aware of the great benefits of working with a pro but I haven't found one for myself
Important of investing cannot be overemphasized, that's the only way to gain financial freedom
Crypto and real estate crowdfunding are awesome investment options, it's great you are growing with an expert
These are very info for anybody who wants to get rich. Unfortunately, most people who will watch this video will not really be able to apply the knowledge embedded in it.we may not want to admit, but as warren buffett once said, investing is like any other profession, it requires a certain level of expertise. Not surprise that some people are losing a lot of money I'm the bear market, while others are making hundreds of thousands in profit. I just don't know how they do it . I've got $150k set aside to put in the market
Understanding personal finance and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend and invest their money. I know someone who made over $350k in this recession-nfluenced market,but to the best of my knowledge, it was through an F.A
I really wanna see her have a conversation with the last guy again. It'd be interesting to see how many of their opinions on cryptocurrency still hold true
Person: hi
this chick: 👁👁
👄
Underrated.
God bless the Internet.
Aaaaahahahahahahaa
If you want a real laugh... Google her and look at the Wiki preview on the side. Her birthdate and death are of special note.
But real talk now - the Warburgs are like the Medici, except that they survived; this chick was born with a golden spoon and a path carved for her in finance, which is why she's all about blockchain and banking.
Ulen Grau wth😂😂😂
After listening to all of that I still have no clue what blockchain is.
Unhackable digital network
Maybe hear it in reverse..
Write-Only-Database
Yeah, it's because this vid is mixing different concepts. The only thing you need to understand is, "blockchain is literally an electronic accounting ledger." Accountants use ledgers to record details of incoming payments and outgoing payments, whom those payments are between, and the amounts involved (i.e. by adding up all those inbound payments and subtracting all the outbound payments you can determine how much money a person currently holds - the entire history of payments is recorded. Blockchain IS fundamentally just a record of "OWNERSHIP", which could represent ownership of anything. The bitcoin blockchain represents ownership of bitcoin. Other blockchains are used to show ownership of other assets.
Because you need to read or watch something that actually explains it, instead of discussing issues around it. I recommend 3blue1brown's video about it.
This is improved my understanding of blockchain technology. Thank you!
Thank you so much for this enlightening video it has helped me greatly. Many a time new comers are indecisive on how to start when it comes to their personal investment growth. But great investors can provide proper guidance...
True< this is a scary time for new investors but the best thing you can do is not to make decisions based on emotions. This could actually be a good time to buy more of your high conviction stocks or crypto on a discount. Wealth is created during bear markets, not bull markets. If your portfolio is really affecting your mental health then delete the app and go for a walk. Let the market do its thing and have a long time horizon. I buy and just trade long term more than ever, I have made over 16` btc from day trading with Mark Maxwell in few weeks this is one of the best medium to backup your assets incase it goes bearish…
My growing love for crypto caused me to explore until I came across Mark Maxwell (although I'm trying to avoid sensationalism) he is by far the best. No hype for hype's sake, but great inspiration to trade crypto.
I invested with Max also, he understands every beginners intention and fix you to a trading plan that matches your capital.
She taught Zuckerberg how to blink.
Great series. WIRED needs to add one more level of "difficulty" - a curious adult, who may or may not have a scientific background or a college degree...
Great idea
yeah that is the high schooler or undergrad student. most curious adults would fall in that level. Most adults just coast after school anyways. you could say teenager/highschooler is good enough.
yOu CAlLing Me sTupid??? 😂😂😂
This would be a good one to do an updated version.
*I am extremely glad I was able to join in when I did , basically the best decision I ever made this year, never been so happy*
My sincere gratitude *Virtual cryptomines*
That didn’t age well
I love this basic idea of breaking down to each person's level of understand the subject. WOW, great presentation idea.
Some people comments are missing the idea of teaching, so everyone can understand, Kudos . Peace out
the idea is obviously good, but as a challenge, *she FAILED* Level 5
If only she knew how blockchain worked it would be useful
nice one @@regularrob7313
@@regularrob7313RegularRob well that's a worry as she works for Animal Ventures.. they run training courses specifically on Blockchain!
I'm fascinated by the concept of a technology we don't know exists becoming a technology that in the future we don't know how we existed without it.
the whole internet lol
Cars also
ikr. Was thinking how the way we feel rn about blockchain is probably how people in the 60s and 70s felt about computers.
It already exists
Cellphones
Putting our time and effort in activities and investments that will yield a profitable return in the future is what we should be aiming for. Success depends on the actions or steps you take to achieve it
Starting early is the best way of getting ahead to build wealth, investing remains a priority. The stock market has plenty of opportunities to earn a decent payouts, with the right skills and proper understanding of how the market works.
Venturing into the bitcoin without an adequate orientation with a professional broker for accurate signals, you might lose all your hard-earned money
You see in trading cryptocurrency, one requires more than just a primary knowledge of crypto. It is best to trade with an expert to avoid unnecessary losses. It's advisable to have a professional trader/broker who is an expert in the field to help you manage your account.
I'm into Real Estate, but I took the decision to invest in the Crypto market and I have been getting good returns on my investments. The market is also an effective way to grow wealth.
After watching several UA-cam tutorial videos about trading I am still making losses, please I seek for a better website
I wish they'd use some basic props eg coffee table = ebay, plant = laptop; right now you have to put plant on table for buyer to give seller what they want in exchange. Crypto lets you bypass table and exchange plant directly between the two. Benefit is that if table gets pulled away, you can still continue to trade.
Visuals >>>> verbal, especially for kids
Just so people are aware of what was discussed:
Level 1: Explain trade
Level 2: Explain decentralized trade
Level 3: Explain digital trade (more basic than level 2)
Level 4: Answer given: Decentralized immutable trade (pretty close)
Level 5: Learn what blockchain actually is (although it doesn't have to be public)
Skip to level 5 if you want to know what blockchain is. The other answers are an application of blockchain relating to cryptocurrencies.
Honestly none of them explain it to the level of detail I'd like. But I didn't expect to find that level of detail here anyway, I'm just trying to say It's hard to find a video that actually goes in depth on the programming and actual technology. Like, where are the ledger files stored? What programming language is used? What file extension do the ledgers have? Etc, a lot of etc.But I guess sharing that sort of information could be a security concern?
@@The-Athenian
Part 2:
3)
This again depends on the currency. You can use any file type, whatever suits your need best.
Bitcoin uses .dat files for blocks, .ldb files for lists of unspent transactions.
4)
This information is not a security concern. You can download the blockchain yourself, for any that are both public & permissionless.
With regards to Bitcoin, anyone can download and store the entire blockchain. If they regularly update it, and manage it, then they are helping by keeping the network decentralized (assuming more people are doing it). The central authority in a mining pool will be doing this, as most people use some sort of pool instead of downloading the blockchain themselves.
@@rrestoring_faith Thanks!
@@The-Athenian
Part 3:
This comment got removed by UA-cam, reposting:
Some great resources on this subject:
"Core Concepts, Challenges, and Future Directions
in Blockchain: A Centralized Tutorial"
Or "Blockchain Consensus Protocols in the Wild"
For the history of Bitcoin in academia, "Bitcoin's Academic Pedigree" is good.
These articles should all be available freely online.
Although, they could be a difficult read depending on your familiarity with computer science. They are a bit long too ;P
Oreilly also has a good article that might be an easier read. "Chapter 8: mining & consensus" for example.
@@rrestoring_faith Thanks! Saved your comment to my notes! You the real MVP :)
I don't think the kid got it.
i think the teenager was smart and probably understood more than the others...lol
Daniel Harner and you do? Lol okaiii
Nobody understands it completely as it starts and moves beyond our understanding of metaphysics. Who understands block chain the best? Probably Mathematicians and then Computer Scientists. The host sounds qualified enough to explain it to your average tech / comp sci enthusiast browsing youtube videos.
He host made no sense when talking to the kid
I didn't get it, even after watching this
I have to keep coming back to this video every couple of months just to fully grasp her explanations, it’s like I understand a bit more with every rewatch.
I would recommend trying elsewhere. This is not a good video for learning the subject.
Me too
@@rrestoring_faith he is not for the subject
@@rahuladesilva7686
?
@@rrestoring_faith bro how old are you? Do you really need to point out that? Lol
Bettina is a heavy user of uptalk (high rising terminals): 3:10 3:17 3:33 3:34 3:36 3:39
Leather pants lady explains blockchain : Soulmate level
Take a look to WebDollar.io NEXT NR 1 CRIPTO...THIS IS AN INOVATIVE BLOCKCHAIN
I was wondering what it said about me that her intelligence and communication level is so brilliant but I couldn't help noticing how much I like her outfit and her makeup.
Am with you here
Parent: who told you to HODL?!
Child: leather pants lady
At Level 5 the interviewer becomes interviewee.
He's just good at assuming the persona of what people think an "expert" should sound like. The real expert stayed humble and quiet. The guy at the end is a poser. People get salty at females who know more than them.
what if he's just actually interested in the topic and they're just having a conversation?
+delosombres what if you're a troll?
Yeah because male pAtriArChy ammaaarriiiiiighhhtt haaaa
iPhone Remedies knowledge is not and should not be a competition
If you wanna be successful, you most take responsibility for your emotions, not place the blame on others. in addition to make you feel more guilty about your faults, pointing the finger at others will only serve to increase your sense of personal accountability. There's always a risk in every investment, yet people still invest and succeed. You most look outward if you wanna be successful in life.
Living in one's "comfort zone" is a contributing cause to the plight of young people..
You most be willing to make sacrifices and leave your comfort zone if you wanna become wealthy.
This video is doing great job, it intent to let a human with 0 knowledge of “what is blockchain” getting understand step by step. It DOESNT mean all conversation are dumb except the expert one
That little girl was precious. I feel like she directly mocked her intense eye contact.
Level: child was the most woke. When you give up most of what you want.
I honestly think she just got confused in the wording and meant to say "give up what you don't want"
Lmaooo
This kid when she's a college student: "There's no ethical trade under capitalism" ;P
I mean if you're a kid u probably don't even own something u are fully dependent to your parents. So basically at the end there's nothing to lose. Unless she trade her parents 💀💀
😂😂
*INVESTING IN BITCOIN NOW IS VERY COOL EXPECIALLY WITH THE CURRENT RISE IN THE MARKET NOW.*
I totally agree with you, the Bitcoin market is the most profitable venture I ever invest in.,
I reached my goal of $500k yearly trade earnings.Setting realistic goals is an essential part of trading.,
most intelligent words I've heard,
Crypto is the new gold,
I'm a huge fan of crypto, I hold some few coins in my wallet.
Bettina, is an amazing and engaging evangelist. As an evangelist for tech myself, I have to admire the poise and enthusiasm.
Blockchain isn’t tech, it’s an MLM.
That expert nailed it. The blockchain community needs to distance itself from speculative cryptocurrencies so that people know the difference.
Like Bitcoin? lol
yes exactly
What are you talking about. Block chain is BItCoin in the end. Append only tamper evident database have existed for years. Cryptography has existed for years. The magic of bitcoin is Block chain consensus, the solution to the byzantine generals problem that uses a network native token to incentivize proof of work.
bitcoin is an implementation of blockchain. The capabilities of blockchain technology are much larger than just bitcoin or even cryptocurrencies. People need to understand all the possibilities so if bitcoin crashes tomorrow, it won't take the public perception of blockchain with it.
supercop, those implementions don't seem to work without btc backing it up. MAERSK discovered this just the other week. If someone could do blockchain without BTC, something like MAERSK would be a most optimal candidate. It crashed.
Who else watching this while Bitcoin is at 57k
Watching at 58k
Watching at 115k
@@rodnyc.8876 Yup!
Watching it fall face first.
anyone who was watching 2 days ago lolll
If only he knew that his mention of *NFTs* (back then called 'coloured-coins') at 14:50 is going to be such an understatement.
Wow, the car battery example is exciting, especially in light of the concern for going green energy while providing electricity for all the e cars.
She blinks 4 times a day.
She's so hydrated she doesn't need to blink as often.
Water is delivered to securely to her eye via blockhain! Blinking is just another layer of verification.
Sure fire sign of sociopathy/bpd...
shes an android
I didn't even notice, but what I do notice is when people blink 40 times per minute.
the little girl got it
ever heard of sarcasm
You mean Anita Sarcasm?
She’s the next Einstein
She’s the next Satoshi Nakamoto
"Blockchain may sound complicated..." Yes, because "experts" on youtube always make it sound more complicated than it is
I feel like the expert has waited for this day to come. He has been preparing for his whole life to speak without breathing. What a talent to have!
The little girl is soooo cute! She reminds me of my daughter when she was tiny.
How is that expert's title merely "historian?" He blew it out of the park!
Not directed at you - but perhaps we, as a society, ought to pay more respect to historians.
@@MuditVerma What really do historians know.
@@allenellsworth5799 Grammar (for starters).
Historian does not mean he has no clue about anything else.
@@MuditVerma he might know about grammar, history, human behaviour, techniques, methods and more.
Trading as newbies is quite stressful and discouraging. I have watched a lot of video and tried to trade on my own but end up losing it all
Good to see how you guys came up here to show keen appreciation and recommend Mrs Layla, this was how I came across comment section about Mrs Layla, At first I was a bit skeptical
Mrs Layla IS A SCAMMER
@Orson Gilbert was that actually her number?
@@anonymoushuman8443 no. She's the QUEEN of Crypto Rap!?
Layla Taylor is notorious for criminal activity
The most confusing application of the block chain is there in finance & investments. Everyone who who claims to know what they're talking about honestly has no freaking clue on how to communicate the message confidently, clearly & transparently.
I appreciate the featured historian for being able to go deep & wide in his explanations. Really insightful conversation, I definitely learnt alot
Me as a grad student: "okay why don't you explain this to me like i'm 5?"
Michael Scott really had some horribly relatable lines 😂
"Economics and Finance Student"
"I uhh... Dunno what blockchain is..."
People in 2050 cringing.
its 2021... im cringing hard
Maybe it's her 1st day in college
The best explanation was the first explanation considering the eyes glowing reaction of the 'buyer' of the meaning.
This is very good session to learn how every aspect of experitse. When I child how to teach thats amazing.
I think she's not blinking at all. But maybe its because she's blinking at the same time I'm blinking.
Lol 🤣
Whoah.
8:42
She matches your frequency.
plot twist: she blinks between frame rates
Loved the conversation at the end.
Too bad level 1 didn't explain blockchain technology at all--that's the level I came for. Guy at level 5 finally explained blockchain, which was the only coherent explanation of the concept: 9:53
If you already know what blockchain is, it may be interesting to hear the discussions, but if you're looking for a basic explanation, try 9:53 or look elsewhere.
VIDEO DESCRIPTION: A blockchain researcher mentions blockchain and related terminology and discusses trading as a function of blockchain with two kids and a college student, then discusses some blockchain-related topics with a grad student, then a blockchain expert defines blockchain and discusses some related topics with the researcher.
blockchain is also very heavy and takes massive amounts of energy for computers to verify transactions. You pointed out very few of the problems. Most of what it solves is basically already solved by other tech that is less consumptive.
that's false. Proof-of-Stake uses much less energy than Bitcoin for example, but don't just think it's bad that bitcoin uses the amount it does. That's actually good, because the physical energy is used to secure the network the best way possible, because no one can consistently put 51% of the hashrate onto bitcoin, which is the only way it can be manipulated. It would need so much mining devices and so much energy that it's realistically not possible to achieve without being the richest man on earth while no one notices what you try to do.
what you are trying to say is the traditional finance' way of scaring average people of blockchain, because they fear getting replaced, which is understandable. But they should accept it. Time will tell. They rather should educate their customers how to safely store their Bitcoins on a cold wallet for example and emphasize the fact that this till now unregulated market is full of scams and rugpulls.
Miners.
This channel actually makes me learn concepts I haven’t normally heard of.. thank you!
These last level explanations always ends up to be a very successful date
It started slow, but the last one, was really good.
Should try a full video between those 2