How Bitcoin Works in 5 Minutes (Technical)
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- Опубліковано 12 кві 2014
- A short introduction to how Bitcoin Works.
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Written Version: www.imponderablethings.com/201...
Less technical version: • The Essence of How Bit...
Germain caption translation provided by adi331 : 19s6rqRfHa19w7wcgwtCumPs1vdLDj1VVo (thanks!!)
I'm more confused about Bitcoins than I was before watching this video
i still dont know what bitcoin is, WHOS WITH ME !
Can you talk faster please?
that's one expensive lawnmower
will I ever get rid of math 😭
that lawnmower better be worth the $3200 dollars! 5.2BTC haha
can I sell people with bitcoin?
Best video yet but the system is too complicated and will prevent Bitcoin from ever being attractive to the masses for use.
I still don't understand bitcoin
Who knew that Alice can be so sneaky?
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.
The 22 min video is much better than this one. Although, I had to watch it like 4 times to get a better understanding of it . The BitCoin system is really complicated and is very very advanced . Watching that video is a must if you are planning on getting into the BitCoin world.
I'm a software dev with 3 decades of experience, but still struggle comprehending all of the bitcoin ecosystem. The 22 minute "How bitcoin Mining Works" helps greatly, but it would help to see an explanation (i.e. historical analysis) of the first 10 or 20 transactions starting at block 0. The genesis block started with 50 BTC, so how did that get spent, when was the first block created, how many transactions did it have, how did new BTC produced by the miners get spent into the transaction chain etc. I'm thinking if I saw how the 3 purposes of mining were fulfilled thru the actual early transactions it would "click" for me and all the pieces would lock into coherent understanding.
Wow that's confusing. The guy who created this was definitely a genious to have all these checks and balances to have such a sustainable system. And no one even knows who created this system.
I think the terms need to be a bit more relate-able for most people to understand. Like the voting and lottery, happens automatically and is known as the process of mining and miners. You mention miners once or so at the end but talk about the process of it from the halfway point to the end. Also, I think for the most part, it needs to be noted that this entire process happens automatically behind the scenes. The way you explain it almost sounds like a lot of it has to be done manually on a PC by the users. For example when u first the validation / voting process, it sounds like in order for a users transaction to be accepted into a block, that user would have to generate the block ; another manual implication.
WHAT???????????
Actually one of the better descriptions I have read/watched. I think I almost understand it now!
Finally found the a video with the perfect degree of technicality for me to understand!! Thanks this was awesome!
clear as mud!
these videos are all boost up my mind. Thanking you.