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The Insane World of Bitcoin.



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► Half 1 of the collection:

The insane world of Bitcoin and cryptocurrencies has solely turn out to be extra complicated and intriguing with time. However underlying the hype are critical issues and questions which are essential to grasp, particularly if Bitcoin have been to achieve mass adoption…

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Bitcoin first started when a white paper titled “Bitcoin: A Peer-to-Peer Digital Money System” started to flow into on a cryptography mailing listing.

The white paper was signed by a person going by the pseudonym of Satoshi Nakamoto. And to this date, Nakamoto’s identification has nonetheless not been completely confirmed.

In 2009, Satoshi Nakamoto “mined” the very first block on the Bitcoin blockchain and set into movement a collection of occasions that will result in the cryptocurrency’s present fame and standing.

However I do know what you may be considering:

What even is Bitcoin? What’s blockchain? What’s “mining”? What’s a cryptocurrency? Why was Bitcoin even created? Does Bitcoin even have any worth? And the way might this “Bitcoin” be price tens of hundreds of {dollars}? Is all of it only a large rip-off?

Within the first a part of the collection, we lined how Bitcoin “works” and what blockchain know-how is, in addition to an outline of Bitcoin’s historical past. On this second half, nevertheless, we’ll check out the issues and underlying points Bitcoin faces, in addition to addressing the Tether conspiracy that might show to be one of many largest hits to Bitcoin’s worth in time.

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AFFILIATE DISCLOSURE: there could also be a couple of hyperlinks on this description that, without charge to you, will earn me a fee when you select to click on them and make a purchase order 🙂
Don’t fear – I solely ever promote issues which have genuinely helped me.

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Prologue – 00:00
Chapter I: Intrinsic Worth – 1:36
Chapter II: The Bitcoin Drawback – 5:43
Chapter III: Whales & Manipulation – 11:36
Chapter IV: The Crypto Wild West – 14:50
Conclusion – 19:40

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26 Comments

  1. paper currency value dont come by sign of central bank…..it comes from its usability…..in the same way bitcoin value comes by its utility…..not any sort of production in real world……currency dont produce anything….it is used to produce things……bitcoin has huge usability on dark web

  2. This is a great video, I learn a lot watching your videos and it has been helpful to me. Building a steady income is quite difficult for newbies.. Thanks to Mrs. Ivana Marich for improving my portfolio. keep up with the good videos

  3. In Jan 2022, a strange man found me online, at first we just chatted and then he recommended me to buy crypto. I lost a total of $280k, my friend referred me to a professional financial team and through them I recovered most of the money I lost. If you guys are experiencing the same thing, you can contact them to give it a try, it might help you recover your losses.

  4. The artificiality of a person's decision to limit the amount of resources they use to contribute to the cost of records storage ("block size") or the cost of security ("energy use") does not make any system flawed. The fact that people have the opportunity to do these things (pay transaction fees and/or mine bitcoin) is a solution to the problem that every "medium of exchange" tries to solve. Representing scarcity as a flaw because it's "artificial" is an error that James seems to make here. He has also wisely cast doubts on that analysis, so well done!

    The underpinning problem with every market in the world (including the Bitcoin market) is fiat currency. The problems with Tether are of the same nature, Tether being a reflection of the Federal Reserve which "officially and legally" abandoned its obligations regarding the value of a USD in two stages, first in 1933 and again in 1971. Tether may turn out to be more honest.

    Ethereum Classic still exists and thereby pollutes my previous view of ETH as "too centralized." The market speaks, and the relative prices of ETH and ETC demonstrate this.

  5. Despite the fluctuation in the market today, Bitcoin is a good business anyone can think of doing. It really taught a lot of people the importance of multiple stream of income during the world global pandemic lockdown.

  6. This is why I don't trust bitcoin. Or anything financial involving investments or investing. It's all made to fuck you over at some point.

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