A short introduction to how Bitcoin Works. Want more? Check out my new in-depth course on the latest in Bitcoin, Blockchain, and a survey of the most exciting projects coming out (Ethereum, etc): https://app.pluralsight.com/library/courses/bitcoin-decentralized-technology.
Lots of demos on how to buy, send, store (hardware, paper wallet). how to use javascript to send bitcoin. How to create Ethereum Smart Contract, much more.
Written Version: http://www.imponderablethings.com/2014/04/how-bitcoin-works-in-5-minutes.html.
Less technical version: https://www.youtube.com/watch?v=t5JGQXCTe3c.
Donation address: 1K7A6wsyxj6fThtMYcNu6X8bLbnNKovgtP.
German caption translation provided by adi331 : 19s6rqRfHa19w7wcgwtCumPs1vdLDj1VVo (thanks!!).
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I don't get it. This video doesn't tell you how to use it. How do you get started? Where do you get it?
I'd be terrified ANYTHING I "mined" would bring a good 3-4 viruses/second.
videos like this makes me wonder why youtube didnt put a 0.75 speed but there's a 1.25 faster speed.
Who knew that Alice can be so sneaky?
I didn't feel like you explained the double spending prevention and how it translates to the block-chain. How does the "lottery" determine which transaction is legitimate? The way it's explained above implies that both transactions would enter the pool and whichever hash match occurs first gets added to the end of the chain. It obviously can't work this way. Thanks for the video! Lots of good information here.
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.
3:05 what solution?
Someone is sitting back and collecting all the dollars for these Bitcoins !
nice (Y) this is what I was searching for. Mining
But one question, how many bitcoins are there and how they get their value as compared to any currency?
will I ever get rid of math ?
This is a monetary system the gov. Should adopt instead of letting everything go to hell.
There are many mistakes in this video. There is no "balance" in bitcoin, only transactions. The blocks are the essential element securing the network (including the problem of time) and they are left out. Nobody tries to link their own transactions to the ledger, people try to link blocks, and this allows them to put a transaction to themselves at the end of the block (generating new coins). Understanding Bitcoin is complicated and will not take 5 minutes, if you're interested I'd recommend the course at coursera.org. If you are only willing to spend 5 minutes understanding bitcoin then go grab a beer and forget about it.
I understood about half of this
what?
another Ponzi scheme
We still don'tave anything that is physical, If there is a problem like electricity or computer or even government problems, all your value goes away. Why don't we just use real money? I mean REAL money!
why this video dont have rus subs (
very good explanation i like it
How do you buy bitcoins? Is it possible to buy bitcoins with your regular visa bankcard?
If so how do you go about it?
block chain will help
Great video – what software did you use?
what is the best site to buy bitcoin
how much bitcoin do u think a quantum computer could make if they existed/got working cause i know people have made a quantum computer but getting it to predict the correct mathematical outcome is a hurdle .
2140? The only true coin of the future is going to be food, land, tools and manpower. Good luck eating your bit coins
So how long would it take for the value of Bitcoin to decrease of will it always be very valuable? How do you predict that? Should I start mining and if I did would I be rich in the future? Sorry guys for asking all these questions. I'm just curious.
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.
Sadly, this is probably the future. If it succeeds it will be the biggest transfer of wealth ever know to man. It will eliminate any handshake or signature and exchange it for wealth through the biggest computer system that its creator knows how to build who knows how to manipulate computer data. R.I.P. J.D. Rockefeller and Bill Gates.
Wait….what? Ummm….huh?
yes good
This really helped me understand bitcoin better thanks dude! 😀 You did a really good job at explaining it all.
nowadays i feel happy in my mind. extrodinary peace is in my heart.
these videos are all boost up my mind. Thanking you.
It is very nice to listen. cash champ and bit coins are describes the definitions simple and honest.
what is bitcoin how can we start
thanks for fucking my mind.
well, how would I decide the value of an item in bitcoin? Suppose I have a $15 book, how much will it worth in Bitcoins?