I still remember the first time I ever heard of bitcoin and it was from when Andreas was on Joe Rogan's podcast and I was SOOOOOOOO convinced and interested that I was so close to buying an entire coin after that episode. The price was 13k Canadian at the time(if I remember correctly) but I only had 10k that I could afford to spend but stupid me didn't end up buying any bitcoin because I didn't have enough for a whole coin. That's a regret I'll never forget. Luckily I eventually realized 99% of people don't buy entire coins at once and they stack sats over time.
@@formetoknow540 btc fell as low as like... 3000-4000 bucks around 2018 or so. i remember seeing that on the live charts and i was thinking thats IT... btc is truly dead lol
Unfortunately, not all of us were financially literate early. I was 35 when I finally educated myself and started taking steps. I went from $176,000 in debt with zero savings or retirement to now, 2 years later, fully debt-free and over $1,000,000 net worth. I know that doesn't SOUND like a lot, but I'm incredibly proud of it. Now I'm fast-tracking my wealth building (investing $400,000 annually) and don't owe a dime to anyone. It's a good feeling!
Thanks for the update, keep up the good work.< Learned a lot from my market journey, especially the importance of living within one's means. With Flora Elkin’s guidance, my nest egg has grown to a 7-figure sum. My advice - get an analyst for better financial trade decisions and peace of mind
Awesome as always. An OG true believer. Love the dry humour too. It was after watching your intro to bitcoin video back in 2017 that I first jumped in and bought some bitcoin. Thank you very much.
I remember you personally helped me Andreas get my first bitcoin in Toronto at the debit machine you guys had at that house on Spadina st. I also remember meeting Vitalik that day.
Hey!! You’re back!!! Love it! Thanks a lot!!! You taught me everything I needed to know to became a permabull back in the day! Thanks for that and this! 👍🏻👍🏻
Thanks for this. I've since stopped following your non-technical opinions since I think they're wrong, but your technical opinions continue to be spot on, and I can trust those technical opinions almost completely. Also, I know about 70% as much as you do (maybe less, probably more) about this since I also used Bitcoin at the beginning (well, within days of it), so I can sit here and predict the end of every sentence you say where I know the answer, and you always say the same thing, so I know you're almost surely not lying about the technicals.
417*2016-4*210000=672. There will be 672 blocks after the halving until the next difficulty adjustment. 625*2016-6*210000=0. There will be a full 2016 blocks until the next difficulty adjustment after that halving.
There is value in both. Trying to explain bitcoin to my wife, who is in finance, has not been easy. MS has been helpful, but doesn’t really explain 100%.
9:30 Halving rewards doesn’t represent a 50% drop in supply, just a 50% drop in NEW supply. Yes, it’s true that the total amount of Bitcoin getting reduced would warrant a proportionate increase in price, but that’s not been the reason for the double or more price increases following a halving. It’s more than likely bulk buying to support the profitability of the mining efforts facing the reduction in subsidy.
I believe you’re conflating a shift operation - which always shifts a zero into the open bit - with a rotate operation, which operates the way you describe, moving to shifted off bit into the open bit.
The original block reward was 0b100101010000001011111001000000000 Sats. Each halving shifts (not rotates) that right by 1 bit. The 10th halving will be the first one to drop a one. That halving will reduce the block reward from 9765625 Sats to 4882812 Sats (1 Sat less than half).
I talk fast and people always ask me to slow down or repeat what I said, when I listen to other people I’m like ‘come on man spit it out’, I love that you talk fast my brain listening to this was like yesss
05:05 ... unless different consensus rules are adopted by every node operator, merchant, and miner. But that caveät applies to every aspect of Bitcoin.
Great video! But you had an "off by one" error. Because the first block is block 0, the first block with a subsidy of 3.125 will block 840,000 not 840,001.
Grateful for your videos. Can you tell us why the difficulty adjustment is after so many blocks? Why not adjust after let’s say 100 blocks? Hope you can shed some light. Thanks 😊
Commenting on video to help with engagement algorithim, but I have a lot of interest in learning specifics of mining: hashing, difficulty, solos vs pools, why your likelihood to solve a block is entirely based on your personal hash compared to the entire system hash, how does a solo score a block vs someone in a pool, is there "luck" involved and how does that work, are miners hashing the exact same nonce/solutions as other miners, or is that variable? I probably have more questions....
last sentence at 14:10 "block 840.001 is gonna come out and (...) the reward is 3.125 bitcoin", but i guess block 840.000 is the first one with the new half reward..
I really wish more people understood that the protocol uses integers to count sats rather than decimals to count BTC. There are some toxic maxipads like Matthew Cratter who make this mistake all the time, spouting ignorant stuff and never issuing corrections.
![АЛАУДИНОВ у Скабеевой: эти их ВСУ нас НЕ ДОГОНЯТ 😁 [Пародия]](http://i.ytimg.com/vi/an0anqU4WGQ/mqdefault.jpg)
You're quite special. you made me understand bitcoin years ago, now you made me set playback speed to 0.75 for the first time ever.
I did this, too. Thought it was at 1.25 at first. Andreas Auctioneer Antonopoulos.
Real talk
True haha
I did exactly the same! 😅😅
Wow. Just did this and it just translated him into a normal person speaking. This is awesome! (I’m joking, I love Andreas‘ content and all he did!)
Happy Halving 🥳
Happy halving Bitcoin 😅
How does this not have a billion views yet?! Quality content right here
that's andreas for u
because people are sheeps to their dollar systems
move the decimal point n times and there will be... [giggle]
I still remember the first time I ever heard of bitcoin and it was from when Andreas was on Joe Rogan's podcast and I was SOOOOOOOO convinced and interested that I was so close to buying an entire coin after that episode. The price was 13k Canadian at the time(if I remember correctly) but I only had 10k that I could afford to spend but stupid me didn't end up buying any bitcoin because I didn't have enough for a whole coin. That's a regret I'll never forget.
Luckily I eventually realized 99% of people don't buy entire coins at once and they stack sats over time.
What year was this
@@formetoknow540 btc fell as low as like... 3000-4000 bucks around 2018 or so.
i remember seeing that on the live charts and i was thinking thats IT... btc is truly dead lol
@@formetoknow540 2014
In October 2015, the price for Bitcoin was around $300 😉
Andreas you're the reason I got into Bitcoin and you've taught me everything thank you!
Unfortunately, not all of us were financially literate early. I was 35 when I finally educated myself and started taking steps. I went from $176,000 in debt with zero savings or retirement to now, 2 years later, fully debt-free and over $1,000,000 net worth. I know that doesn't SOUND like a lot, but I'm incredibly proud of it. Now I'm fast-tracking my wealth building (investing $400,000 annually) and don't owe a dime to anyone. It's a good feeling!
Huge fan of your work. Thank you for your continued efforts in educating the world. You are truly appreciated by many. ❤
R u talking in 2x speed?
Sounds about 1,25x to me. But yes, sounds like it's sped up
@@maartenarnouthat’s how he talks 🤣 I’m grateful for it
I also double checked my UA-cam settings if it’s 2x 😀
Sounds normal when you change it to .75x don’t know why he did that it’s weird
There will be a halving in his speech speed soon. 😂
Love all of your content. I remember going to see you at the Music Box Theatre in Chicago. Thank you for all your education videos and content!
Thank you Andreas. You are a legend.
Great to see you Andreas. We love you Bud 💖🎉👍
Super helpful, as always! I’m so glad our industry has you as a resource and leader of sorts
You are one of the greatests in teaching ordinary people about Bitcoin. My salute and respect to you!
I love you, Andreas. You've had a very large impact on my life. Thank you! ❤
Thanks Aantop, you're a legend
Andreas, one of the worlds greatest minds 🧠🧐. I was honoured to meet you in London some years ago 🤘. Thanks 🙏 for all you provide for the space ☀️
Thanks for the update, keep up the good work.< Learned a lot from my market journey, especially the importance of living within one's means. With Flora Elkin’s guidance, my nest egg has grown to a 7-figure sum. My advice - get an analyst for better financial trade decisions and peace of mind
I've just looked up her full name on my browser and found her webpage without sweat, very much appreciate this
I like her core analysis, one of the best..
Your explanation is excellent as usual. Many thanks to you Andreas, for educating us for many years!
I did your unic course a few years back. Highly recommended. Great to see you so prominent, well deserved.
Thank you, Sir, for all you've done for Bitcoin! You are a legendary educator.
Awesome as always. An OG true believer. Love the dry humour too. It was after watching your intro to bitcoin video back in 2017 that I first jumped in and bought some bitcoin. Thank you very much.
A privilege to watch your video and see you tweet on X today - joined last cycle and had heard about you a lot :-). Appreciate the video!
I remember you personally helped me Andreas get my first bitcoin in Toronto at the debit machine you guys had at that house on Spadina st. I also remember meeting Vitalik that day.
Andreas my brother you changed my life one day I will get to tell you the story how it all started for me! God bless you and your family
Great to see you back Andreas!!!
Thanks for everything you've done to help people 🙂 👍 🙏 😊
There's not enough thank you in the world to thank you enough for your work. Thank you :D
Andreas you are a unique human being, thank you for educating me all along my bitcoin journey since 2020. GOAT
Thank you. I appreciate your content a lot, even though it's sparse nowadays. Looking forward to the next one.
Such good information here. Thank you.
Early Patriot of your movement (and former UNIC MOOC student…) It’s just brilliant to see you continue to educate on Bitcoin.
Bless you Andreas 🤩
Thanks for the halving breakdown!
I like that you are realistic. Thanks for the info. 🙏🏼
best OG in Bitcoin education.
Thanks for all the valuable information you provide.
Thank you, Andreas! You have been essential to my bitcoin education.
Hi Andreas, always a pleasure watching your videos, following you since 2016
i was watching you 10y ago, your the best
Didn't expect that end. Thanks for sharing your mind is such a clear manner.
Great to see you again Anton...been a while
@@patrickgerona1 ❤️
Hey!! You’re back!!! Love it! Thanks a lot!!! You taught me everything I needed to know to became a permabull back in the day! Thanks for that and this! 👍🏻👍🏻
Happy Halving Day!!
Thanks for this. I've since stopped following your non-technical opinions since I think they're wrong, but your technical opinions continue to be spot on, and I can trust those technical opinions almost completely. Also, I know about 70% as much as you do (maybe less, probably more) about this since I also used Bitcoin at the beginning (well, within days of it), so I can sit here and predict the end of every sentence you say where I know the answer, and you always say the same thing, so I know you're almost surely not lying about the technicals.
Wth did you just say besides bragging about yourself 😂
Your channel is important in times like this 👍🏿
nice, concise, good job
HUGE THANKS Andreas for all your dedication and the clear/simple way you convey the messages (respect)
I know exactly what will happen on the halvening day. I will crack open a cold one.
And I'll join you in spirit!
Whoa!! Nice to see you Andrea!
Thanks as always Andreas!
One Love!
Always forward, never ever backward!!
☀☀☀
💚💛❤
🙏🏿🙏🙏🏼
I appreciate your updates Andreas, thank you so much for your service sir
amazing content, thanks for the debunks, now I gotta go pack for the rapture halving.
Outstanding, as always!
417*2016-4*210000=672. There will be 672 blocks after the halving until the next difficulty adjustment.
625*2016-6*210000=0. There will be a full 2016 blocks until the next difficulty adjustment after that halving.
Less Michael Saylor, more Andreas Antonopoulos!
🔥🔥🔥
There is value in both. Trying to explain bitcoin to my wife, who is in finance, has not been easy. MS has been helpful, but doesn’t really explain 100%.
Great content
Andreas the OG
9:30 Halving rewards doesn’t represent a 50% drop in supply, just a 50% drop in NEW supply. Yes, it’s true that the total amount of Bitcoin getting reduced would warrant a proportionate increase in price, but that’s not been the reason for the double or more price increases following a halving. It’s more than likely bulk buying to support the profitability of the mining efforts facing the reduction in subsidy.
Much love from Hellas!!! My dear Cypriot!
The best mind to speak about this topic
Kool. He explains the name "Right Shift"
Toujours exceptionnel. Merci
Since 2016 halvening I’ve alway bought a little BTC before the halvening and a bit after the halvening just to be part of this historic event.
12 years of teaching Bitcoin online... still no mic :D Kidding Andreas, great job !
One of the greatest minds ever
Missed you, Andreas, you are the GOAT!
i just realized andreas' logo is his hairline lol what a legend
Holy Jesus you are correct!! 😂
Beautifully performed thank you. 🙏
Thanks, Andreas
We have both aged like fine wine, over the past 10 years
Halving year is coincidentally the same presidential year in the USA. This election time means a lot of campaign expenses.
I believe you’re conflating a shift operation - which always shifts a zero into the open bit - with a rotate operation, which operates the way you describe, moving to shifted off bit into the open bit.
The original block reward was 0b100101010000001011111001000000000 Sats. Each halving shifts (not rotates) that right by 1 bit. The 10th halving will be the first one to drop a one. That halving will reduce the block reward from 9765625 Sats to 4882812 Sats (1 Sat less than half).
@@DavidRabahy Thanks.
Were you responding to my post?
@@tommornini2470 indeed
Thank you this was very helpful!
I talk fast and people always ask me to slow down or repeat what I said, when I listen to other people I’m like ‘come on man spit it out’, I love that you talk fast my brain listening to this was like yesss
the video is sped up :D he doesnt talk like that in real life :D
@@weedylock lmao Aw
Andreas, you are the OG of bitcoin educator. It would be really special if you could do a podcast together with Michael Saylor!
05:05 ... unless different consensus rules are adopted by every node operator, merchant, and miner. But that caveät applies to every aspect of Bitcoin.
Andreas "Auctioneer" Antonopoulos. 😂 Great video.
WAKE UP! new aantonop video just dropped.
0.75 speed it's the real Andreas
5:35 thats me right now spinning
Great video! But you had an "off by one" error.
Because the first block is block 0, the first block with a subsidy of 3.125 will block 840,000 not 840,001.
If you mined a single block in 2009 and never sold your block reward, you would have approximately $3,000,000 today. Let that sink in.
And saved the private key
love this kind of videos
Grateful for your videos. Can you tell us why the difficulty adjustment is after so many blocks? Why not adjust after let’s say 100 blocks? Hope you can shed some light. Thanks 😊
Can you explain the (after 4 weeks) “difficulty adjustment” you mentioned in more detail
Andreas always has a different style whenever he drops a new video 😅❤
Legends
1.5x naturally speed. Amazing!
Thanks, Andreas.
THANK YOU AGAIN!!
The GOAT is back
Commenting on video to help with engagement algorithim, but I have a lot of interest in learning specifics of mining: hashing, difficulty, solos vs pools, why your likelihood to solve a block is entirely based on your personal hash compared to the entire system hash, how does a solo score a block vs someone in a pool, is there "luck" involved and how does that work, are miners hashing the exact same nonce/solutions as other miners, or is that variable? I probably have more questions....
Yes sir, the legend!
We all love Andre!!! ❤
thanx
last sentence at 14:10 "block 840.001 is gonna come out and (...) the reward is 3.125 bitcoin", but i guess block 840.000 is the first one with the new half reward..
Thx
I really wish more people understood that the protocol uses integers to count sats rather than decimals to count BTC. There are some toxic maxipads like Matthew Cratter who make this mistake all the time, spouting ignorant stuff and never issuing corrections.
Legend
2x speed for 2x the fun!
Do it.
Dooooooo it.
I have a lucky miner and will keep it on 😊