If you see comments here about investing or brokers, they are scams. Videos about cryptocurrencies, evidently including ones that are just about the underlying technology/math, are hotbeds for attracting nefarious actors preying on the impressionable. Also, hi! If you’re new to this channel, most of it is about visualizing math. I get it, you probably landed here searching for how BTC works, not to spend your afternoon getting pulled into learning about, say, prime numbers or problem-solving, but if you have a moment take a look at the rest of the channel, you may enjoy what you find.

@samuelluce8286

3 жыл бұрын

I'd recommend not just reporting, but also replying to them, explaining to any potential readers how their advertisement is a scam. Commenting is quick, and could save somebody hundreds of dollars! :)

@rjleykassya1931

3 жыл бұрын

Thank you so much Lisa

@caden5173

3 жыл бұрын

Wow I’m already seeing scams scrolling through the replies to this lmao.

@rolanddennis791

3 жыл бұрын

I appreciate your efforts toward my account, I give it a try but I wasn't regretting it at least

@rolanddennis791

3 жыл бұрын

@Eric Martins yeah, you're right

"I'm still confused, but on a higher level!"

@scottlane6353

2 жыл бұрын

Me too. My confusion is at a much higher level after seeing and grokking this video. So, I'm grateful for that.

@ben251

2 жыл бұрын

that's a really nice way of phrasing things

@awd7477

2 жыл бұрын

i searched alot information and already know how it works before watching this video :D

@awd7477

2 жыл бұрын

@@themayanksingh i profited alot with it

@datascience2254

2 жыл бұрын

Confusion is at that level that , it's rare to find someone get it

You have no idea how much I've tried to find an article or video actually explaining how cryptocurrencies work. Everyone else just goes around with analogies. They probably don't understand fully themselves. Thanks man.

@DiThi

2 жыл бұрын

Something that should be obvious to any computer scientist: This is terrible in practice. It wastes the same amount of energy every 10 minutes regardless of how many transactions are there. This amount of energy is only decided by how much energy miners want to waste: the answer is as much as possible, while still having a profit. So every 10 minutes miners can spend 6 bitcoins worth of electricity and still have profit (0.25 btc). The more expensive crypto gets, the more energy it will waste.

@rrestoring_faith

2 жыл бұрын

@Alberto T. Yeah, it's not scalable. Note that proof of work is one solution to the problem; there are many other ways of doing it. (Ex/ proof of time, proof of stake, proof of burn, etc...). Also, if the amount of time was reduced to say 0.01 seconds instead of 10 minutes to make it more practical, there will be too many forks & network spam. The blockchain itself also has poor scalability, though, considering that transactions from a single individual are spread out and all stored separately. It is a neat idea. There are just too many downsides.

@kseriousr

2 жыл бұрын

@Tobi I'd probably go with centralized and regulated currencies because they seem way less volatile, reliable and secure. And if cryptocoins ever become the go to currency, central authorities and the wealthy will centralize their hold on it, so I don't see how that's ever going to become a better alternative. Maybe the players and the chips would be different but the game would be the same.

@kseriousr

2 жыл бұрын

@Tobi Inflation is good when regulated. Without gentle inflation, economy and money flow stagnates. Wealth hording isn't good for you. There's a reason gold standards had to go away. Maybe look into the topic.

@carsonallaby7798

2 жыл бұрын

So true!

17:30 block creators 17:51 block reward 18:29 mining 19:10 decentralized consensus

@ultimatechad8738

Жыл бұрын

Danke

When he said “I’m looking at you Charlie” I got chills

@beomon3449

3 жыл бұрын

lol

@jacobhall1324

3 жыл бұрын

Pay them back CHARLIE!!!

@Cethavi

3 жыл бұрын

Charlie, you still owe me $100 😠

@dogeusR

3 жыл бұрын

Charlie. Pay the man his $100

@dirkus3722

3 жыл бұрын

😒

This is the clearest video I’ve ever seen, and I still don’t get it.

@jackfrederiksen7979

3 жыл бұрын

Exactly.

@ganondorfchampin

3 жыл бұрын

I think the first thing to get down is the notion of decentralized ledgers. An understanding of where the actual bitcoins are in the whole process is vital to understanding what is going on. Everything else is just applying cryptography to deal with the various security problems that these decentralized ledgers would otherwise have.

@iliketurtles2993

3 жыл бұрын

Acctually tho wtf

@yoelhaile1683

3 жыл бұрын

loki

@LTCAproductions

3 жыл бұрын

Most explanations I’ve heard are the same regurgitation of simple analogies with a twist of their own life story but what I want to know is the nuts and bolts of the whole operation. That’s what has been annoying

Literally the best explanation I have ever seen on this subject. Thank you 3B1B.

So first of all, love the vid Just wanted to say from a purely meta kind of standpoint, I really love how this video is put together. Not even just the editing / graphics and what not, but just the way you tell the story. I'm constantly asking questions in my mind and it's like within the next minute or two you provide an answer. I'm definitely studying a lot of your videos to learn how to improve my own content because you do a masterful job at keeping your audience engaged. Fantastic work

@itzwindows

Жыл бұрын

The person above me is a simp

Heisenberg, Schrodinger and Ohm are in a car They get pulled over. Heisenberg is driving and the cop asks him "Do you know how fast you were going?" "No, but I know exactly where I am" Heisenberg replies. The cop says "You were doing 55 in a 35." Heisenberg throws up his hands and shouts "Great! Now I'm lost!" The cop thinks this is suspicious and orders him to pop open the trunk. He checks it out and says "Do you know you have a dead cat back here?" "We do now, asshole!" shouts Schrodinger. The cop moves to arrest them. Ohm resists.

@OsvaldoBayerista

3 жыл бұрын

underrated

@valeriomomigliano37

3 жыл бұрын

Underrated

@johncavanaugh3960

3 жыл бұрын

Upvoted because it was written by a human.

@ekxo1126

3 жыл бұрын

No one was expecting this comment, everybody liked it

@tetesperm

3 жыл бұрын

someone explain

In 2019, people have realized there isn't going to be one crypto to rule them all. You're seeing vertical solutions where XRP is focused on payment problems, Ethereum is focused on smart contracts, and increasingly, bitcoin is a store of value. Those aren't competitive. In fact, I want bitcoin and Ethereum to be successful.

@joelbuzzard623

2 жыл бұрын

Another thing- people began to realise that bitcoin wasn't rising in relationship with the US Dollar; in fact USD is CASCADING downwards with respect to cryptocurrency!

It's an extremely information dense lecture. You have to watch portions of it again and again to grasp the underlying concepts. But once you've finished it, you feel so damn confident.

@brands2131

Жыл бұрын

Yet this 26min video only scratches the surface. To actually understand the data structure of a transaction, and a block, to understand the stack based scripting language of Bitcoin, and so on, goes way beyond this video.

I cant wait for the english version of this video bro looks really good.

@endrs2568

3 жыл бұрын

😂😂😂

@christianifashe3591

3 жыл бұрын

🤣🤣🤣

@notsojharedtroll23

3 жыл бұрын

☠☠☠

@shaunrobbins5902

3 жыл бұрын

Too much drugs bro

@TheNibiru720

3 жыл бұрын

I missed the joke?

please make a video on transforms (laplace ,fourier,z- transforms) as these will help many engineering students.Many people take it for granted very little is known about its physical meaning,there are subjects in engineering based on transforms like signals and systems, signal processing, control theory your vedios will surely make a difference in understanding these subjects.

@VikasVJois

6 жыл бұрын

Harsh Shankar +1 to that

@itr00ow93

6 жыл бұрын

Harsh Shankar yes laplace!

@gian3458

6 жыл бұрын

+

@theoptimist3246

6 жыл бұрын

Yes pls

@pumpkinman681

6 жыл бұрын

I need this

This is the kind of video about blockchain I wanted to watch. Not too confusing for beginners but with a certain level of complexity for already tech familiar audiences. Thank you so much for the video.

@Dontlikenaimepas

2 жыл бұрын

Totally !

@dr.ervingalen1777

2 жыл бұрын

i have no luck investing, is so frustrating

@stvjjgcj

2 жыл бұрын

Even for non math people

I like that Alice, Bob, and Charlies pk's were 01000001, 01000010, and 01000011, which are just A, B, and C in ASCII. Cute.

@blujay2084

3 жыл бұрын

Nice catch.

@rensbos4176

3 жыл бұрын

Wow how can you be such a computer nerd (i mean as a compliment)

@en7998

3 жыл бұрын

Nice! Did a lot of work with ascii recently but didnt catch it

@MonkOrMan

3 жыл бұрын

I knew there'd be something like that

@eboubaker3722

3 жыл бұрын

@@en7998 they all have the same start of 010000 you just remember the last digits

After watching this video, I have finally realized how dumb I really am.

@svenm7264

3 жыл бұрын

Well the beginning of Socrates' wisdom was realizing the extent of his own ignorance. It's the unpleasant first step.

@jflight7013

3 жыл бұрын

I'm not sure what sorcery has to do with this.

@svenm7264

3 жыл бұрын

@@jflight7013 Socrates is an ancient Greek philosopher.

@jflight7013

3 жыл бұрын

@@svenm7264, oh sorry, I though you meant sorcery. I didn't know soccer and philosophy had any relationship, but I do know that what was shown in that video was way over my head.

@allysonand

3 жыл бұрын

@@svenm7264 big difference between ignorance and intelligence

*Determination is highly needed in stocks trading. What most people see at a glance wealth, a great career, purpose is the result of hard work and hustle over time*

I’m not smart

"alice sent bob $10? ok let me just run my 1000 rtx 3080s for 10 hours to verify.. yep you're good"

@theopantamis9184

2 жыл бұрын

You can verify the transaction with a RPi, mining is only needed if you want to create blocks, anyone can check if his transaction is in a block or not.

@deoTS1

2 жыл бұрын

@@theopantamis9184 i know, right? even with incredibly helpful explanations like this video, many people won't move past memes and gut feelings into a deeper understanding.

@vishank7

2 жыл бұрын

@@theopantamis9184 I haven't yet understood the video fully so this might be a dumb question: If there are multiple miners trying to put together a block and only one guy is successful in making one (by reaching the right amount of zeros in the hash), doesn't the work performed by all other miners go to waste?

@EebstertheGreat

2 жыл бұрын

@@vishank7 All of the work is "wasted" in the sense that it doesn't actually do anything useful. Its only purpose is to make it cost time and money to make a new block. As more people start mining, each block requires more effort to mine and gives less reward. It is a lot like gold mining in that way. If you are mining gold, all the digging you do that doesn't lead to finding any new gold is wasted. But usually there is no way to find gold without wasting a lot of time on misses. The more people mine, the deeper you have to go to find new gold, and the less you usually find. The difference between bitcoin mining and gold mining is that gold has some real utility outside of its value as currency, while bitcoins have no other utility. However, most gold ends up locked away in vaults anyway, so I think it's a reasonably good analogy.

@mikemian

2 жыл бұрын

To verify requires almost no work, that is to read the block chain to find the transaction. Work is required to validate the transaction, that is to write it to the blockchain. A transaction will typically be written to the blockchain with thousands of others.

"To call it astronomicly large would be giving way too much credit to astonomy." My new favourite quote :)

@neelamverma8167

4 жыл бұрын

No u

@blackcat5771

4 жыл бұрын

@@neelamverma8167 You ruined everything.

@SheenylHassan

4 жыл бұрын

Has potential to be a good insult...

@jaw0449

4 жыл бұрын

As a trained astronomer, I found this hilarious

@Nylspider

4 жыл бұрын

Make this ur status on AoPS.com

*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.*

@harrietpullen6591

2 жыл бұрын

*Virtual crypto mines*

@MikeChristian-wz8vc

2 жыл бұрын

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.

@kortezhopkins5107

2 жыл бұрын

@@harrietpullen6591 Wow! Amazing 👉Virtualcryptomines৹com👈 full of greatness.thank you.I will reference its many times over I’m sure no one come close to you with all you’ve been doing since we meet, surely coming back for more my life have turn around now.

@nebulak6198

2 жыл бұрын

I’m having the same POV as you on that point, so I decided to launch myself in an engineering school to study blockchain and crypto, that stuff is the future IMO

@user-is9yv2gl3n

2 жыл бұрын

How is it different from Bitcoin?

This video is so good that I have come back to it several times over the years and have shared it directly with over 5 people I know. The value of high-quality education such as this is infinite. Thank you for this amazing contribution!

@matija92

2 жыл бұрын

Agreed!

@greentoolsnyc3985

2 жыл бұрын

over five people 🤔 6?

@adarozer

2 жыл бұрын

@@greentoolsnyc3985 7 ?

@jashshah1033

2 жыл бұрын

@@adarozer imma just make a wild guess... 8??

@greentoolsnyc3985

2 жыл бұрын

5 1/2

“A banker is a fellow who lends you his umbrella when the sun is shining, but wants it back the minute it begins to rain.” ― Mark Twain

@segmentsAndCurves

3 жыл бұрын

Oh, didn't see you for a while.

@joeybordeaux7718

3 жыл бұрын

Very true!! Its been quite a while?

@annabellewood8887

3 жыл бұрын

cryptocurrency is the future, Investing in it now will be the wisest thing to do especially with the current rise!!!

@segmentsAndCurves

3 жыл бұрын

@@annabellewood8887 Still too soon to say anything.

@georgepatel9942

3 жыл бұрын

@@annabellewood8887 yeah its really profitable!!!

I have watched many, MANY, different videos on "what is Bitcoin." This video has been BY FAR the most helpful video. I tip my hat to you my friend, and a job well done.

@shmendusel

2 жыл бұрын

Sorry to hijack this comment to ask my question, but I'm still kind of confused. Who's giving out the public and private keys? And how does a miner join the network? Like if I wanted to start mining do I need a friend in the network who can connect me? Or is there some bitcoin authority giving out keys and adding them to the network, so they know who to ping if they win the lottery, and so others know the ping them if they've won?

*I have always had a deep interest in this and would really love to start from somewhere anywhere actually , I believe this is what our future is all about*

@Chaycetownson

2 жыл бұрын

Using *Virtual crypto mines*

@kortezhopkins5107

2 жыл бұрын

@@Chaycetownson Wow! Amazing 👉Virtualcryptomines৹com👈 full of greatness.thank you.I will reference its many times over I’m sure no one come close to you with all you’ve been doing since we meet, surely coming back for more my life have turn around now.

@jujuzinser321

2 жыл бұрын

jesus christ stop with these comments

@christloen4077

2 жыл бұрын

Stop

Holy balls the lengths these scammers go to are insane! They have full-on conversations under a single comment just to make it seem like the scam they’re talking about is a legit business opportunity XD

@dylnjshua4256

2 жыл бұрын

I invest with Ms. Fisher

@dylnjshua4256

2 жыл бұрын

Oh I heard about Ms. Fisher

@dylnjshua4256

2 жыл бұрын

Yes she made me a lot of money

@dylnjshua4256

2 жыл бұрын

How can I contact her?

@bowmin1

2 жыл бұрын

The worst bit is how most are too lazy to set the bots up so they change their profile pictures, so you have a bunch of default picture KZread users talking to each other. I think even worst than that, is that they DO change the profile pictures of the bots, but they are all really high quality portraits of middle class business people smiling. I've once come across a comment chain that had two bots with the same profile picture of the same man, but under different names.

this was awesome! I was having trouble on understanding the nodes vs. miners as well as the random number / difficulty adjustment but this totally cleared it up!

5 years later and I still comeback to this Blockchain explanation to check if my understanding, love it

*The future is now , you all need to start somewhere no matter how small*

I mean, that is an instant subscription from me. I've seen only one video, But I can already tell that author really does his research, knows his subject. Animation is minimalistic yet informative, filled with fun with easy to understand examples. Narration is smooth and friendly. Overall, that's what makes a great educational channel on KZread. Very well done sir, I am sure You're gonna hit 1m sub till the end of this year!

@FernandoRodriguez-ge2tg

6 жыл бұрын

Kolos he didn’t hit one million but all of that is true.

@pablososalizama8061

6 жыл бұрын

Hope this channel reaches that amount of subscribes. Even if not, it is definitely amazing in content and form, and shows in a very clear way how "real" math works (which, as we"ve seen here, has many technological applications).

@kaanylmaz4080

3 жыл бұрын

it is almost 3m now

@user-rv5qf1ud6j

3 жыл бұрын

3.04M now

@kysonluka4426

3 жыл бұрын

reach her on teIegram

You have a natural gift for breaking down complex topics into elementary concepts and rearrange them to make it easy for the ordinary educated person to understand. The graphics is awesome.

@hookbeak3516

3 жыл бұрын

I'm old school I spent five minutes shy of two hours writing notes & drawing some of the diagrams to try my best to understand, I'm a home schooled researcher & I'm certainly not academic enough to say I'm a economist. The trust is to place your money & patiently wait - the excitement is watching that initial fee grow. I've never done this before.

4 years later and this is still the only video I need when looking for explanation for the protocol behind Bitcoin…

@sososong3438

2 жыл бұрын

ur memory cut in half every 4 years 22:50

@vineetasingh145

2 жыл бұрын

@@sososong3438 mine got cut half just after watching this video 🙂

@baltakatei

2 жыл бұрын

Because Bitcoin is very slow to change. ☺️

@TasteMyStinkholeAndLikeIt

2 жыл бұрын

Shytcoin is constantly being hacked and ripped off for hundreds of millions of dollars... absolutely useless stupid trash idea adopted by the dumbest people on errrf

@peterchua7972

2 жыл бұрын

the

Wow. This was incredibly well illustrated and well done

I find the dislikes very interesting. Its like leaving a bad review on an encyclopedia. I don't see any disputes related to the content. Thank you for the true explanation of blockchain. This was undoubtedly a huge effort to research, compile and present. You have earned my sub.

@divyangmathur

2 жыл бұрын

It's the competitors .. people making similar content or a video on the same topic

@ryanadams3305

2 жыл бұрын

@@divyangmathur haters gonna hate

@fezkhanna6900

2 жыл бұрын

I didn't dislike the video; although I will say as a coder I prefer looking at the SHA256 algorithm, or simply importing it into python environment and playing around with it there. I think this video is complex, despite the calming voice and enjoyable animations; I also think a more lucid imagery of bitcoin can be conveyed by explaining the actual code behind bitcoin.

@zt3853

2 жыл бұрын

@@divyangmathur which is foolish, since the algorithm relies on engagement, disliking still shows that you were engaged with the video, thus boosting it in the algorithm

@MsEgwene

2 жыл бұрын

@@fezkhanna6900 You're probably not the intended audience for the videos then, as this is a quite typical 3b1b video. I very much enjoyed it, thanks for reminding me to give it a like :)

By far the best animation and explanation I have ever seen on the ledger/block chain. Thanks!

@williamclearydenies8605

2 жыл бұрын

If you really want 👆👆👆👆👆👆to meet up with good profit in Crypto trading 👆 👆👆👆👆

48k reclaim will put bitcoin in a very good position moving forward. The range from 38k-48k seems plausible!

@viviangall1786

2 жыл бұрын

@claradidi7573

2 жыл бұрын

@chris-pj7rk

2 жыл бұрын

@claradidi7573

2 жыл бұрын

@@chris-pj7rk

I absolutely loved this video. I love how deep into the nitty gritty you go, no other explanation has gone that far that I've found and the fact that this video is 5 years old is astounding.

This is crisp, well organized, comprehensible. (You are also clear about the fact that it's not by any means a complete description.) Thank you!

Here's the supplemental video about understanding just how big 2^256 is: kzread.info/dash/bejne/hW1-qc96ZcLbnrw.html The basic idea is to get a feel for what 2^32 (about 4 billion) multiplied by itself 8 times feels like, building up to a comically absurd computer that would be needed to break 256-bit security.

@TylerMatthewHarris

6 жыл бұрын

Do you use bitcoin?

@jonathanschossig1276

6 жыл бұрын

3Blue1Brown Can you link the supplement video?

@DasEtwas

6 жыл бұрын

do computers even support 265 bits?

@andorexurix2491

6 жыл бұрын

Though for a quantum computer 2^256 is next to nothing.

@PeterNjeim

6 жыл бұрын

Bugsy Archimedes, I know up to... well just search up "Sbiis Saibian Large Number Site" or "Pointless Large Number Stuff" and be AMAZED on how big numbers have been named up to, like it's REALLY big!!!

After studying blockchain tutorials, Merkle tree, symmetric and asymmetric keys concepts, I finally found this video which put all the pieces of my learning together in one thread and make me understandable complete picture of block chain workflow.

Your truly, truly understand bitcoin and the systems in place now to explain this so well and to draw distinctions. Love your work!

I like it how you go into the details and don't care how long your videos become. Thanks for not sacrificing details for more short-term viewers.

The amount of thought and work that went into making this topic as easy to understand as possible (which I believe you succeeded in doing) is awe-inspiring. I don't even need to look at other videos of your channel to be confident in subscribing to you. Looking forward to more of your stuff!

Every new day, Bitcoin gains support and patronage of more and more politicians, billionaires, finance institutions and institutional investors. Could even surpass the 60k June 2022 forecast.

@Mcdd7-_-

2 жыл бұрын

Very true. Just recently Fidelity said they have been accumulating bitcoin since 2014, then again, it was announced that the SEC will likely heed to calls for BTC approval come 2023. This shows that whales and smart funds are buying bitcoin quietly, but they won't let the public know. It's such a pity that people are worried about btc not reaching a particular price at a given period instead of securing their place in the future with btc.

@claradidi7573

2 жыл бұрын

@@Mcdd7-_-How can someone who is just starting out navigate the crypto space? I don't have the heart to see the bulk of my portfolio go from green to red

@Jme---

2 жыл бұрын

@@claradidi7573If you are a beginner, then you definitely need some guide and tips from an experienced investor or a professional. That’s the most ideal way to launch into the market these days.

@instinctively_awesome8283

2 жыл бұрын

digital currency is the future of finance, anybody still in doubt of that isn't in touch of reality.

This was well thought out and paced. Very helpful and clear. Thanks.

this is the ONLY video in the entire world which actually describes what the heck is going on! hats off to your amazing work

@bhyvhggyvuhuh4371

3 жыл бұрын

Stank

One of the best videos so far I have come across that explains the technicality. I just love it. Thank you for this wonderful video.

@nuccioalex9437

2 жыл бұрын

Sir you join a professional company join.

I am pissed off at these KZreadrs because they never talk about tech host farms and how they have impacted newbies and people who can't afford machines mining.

Thank you for the exciting video. The idea about probabilistic consensus based on waiting for the chain to grow before accepting a block is brilliant.

Satoshi is a genius......This explanation of his genius, is genius. Subscribed half way through it....

@Seedr0

4 жыл бұрын

the most genius part of it all is that he could have farmed many bitcoins for himself long before releasing the concept, pretending to farm them in various locations afterwards and then collect the profits! "this new monetary system sure is great oy vey!"

@yurivel2407

4 жыл бұрын

@@Seedr0 Yep he could and he did so. Though he lost access to his 980,000BTC long time ago and it will never be possible to use.

@scathiebaby

4 жыл бұрын

@@yurivel2407 I don't believe so. He mined 200k more, later, where they don't stand out to belong to Satoshi. And leaves the old ones untouched, for obvious reasons.

@conformist

4 жыл бұрын

@@Seedr0 Doesn't make sense. Not sure what you mean by farming in different locations, as anything he did was through Tor. Location does not matter. And he doesn't even need to pretend anything, he mined a fuck ton of Bitcoin early on as no one was keeping the network up, so he had to do it himself. He could've pre-mined, but even that doesn't make sense because there was no mining competition. All-in-all, Satoshi mined a lot in the early days and he didn't need to hide or trick anyone. No one was mining at that time.

@techvision7038

4 жыл бұрын

The is a UBI bitcoin explanation: kzread.info/dash/bejne/npmTqbShpbzVeMY.html

This is legit one of the best educational videos I have ever watched. I am stunned as to how you can concisely summarise all the core parts of a cryptocurrency in under 30 minutes!

@AllInTest

6 жыл бұрын

Peercoin 8$ price ?

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

@debbiepowell1451

2 жыл бұрын

I used *virtual crypto mines*

@itcoinitcoin6777

2 жыл бұрын

*VIRTUAL CRYPTO MINES*

@frankdouglas9701

2 жыл бұрын

Trying to make sense of cryptocurrencies can be a bit overwhelming for investors. < It's a nascent but promising asset class built on technology that has the potential to disrupt a wide range of industries. For investors, what's probably most attractive is the possibility of life-changing returns. Don't worry, you're not late to the crypto party. We're likely still in the very early innings, leaving you with lots of time to put money to work and learn about this burgeoning market. If you're new to crypto then my advise is that you trade with the guidance of an expert. I have learned from alot of KZreadrs especially my mentor *VIRTUALCRYPTOMINES🎡COM* , who taught me how to make trade and increase my portfolio to 10 btc lately.

@kortezhopkins5107

2 жыл бұрын

@@itcoinitcoin6777 Wow! Amazing 👉Virtualcryptomines৹com👈 full of greatness.thank you.I will reference its many times over I’m sure no one come close to you with all you’ve been doing since we meet, surely coming back for more my life have turn around now.

Such a beautiful Chanel, I appreciate for all this pure, precise and precious information that you put together, I am really fascinated with level of your mathematics knowledge and how you simply and understandibly illustrate it, I used your video to learn about vectors, it was wonderfully explained/tought, I am big fan of you, thank you.

Alice is the one buying all your GTX 30X cards.

@zawardo111

3 жыл бұрын

😂

@B15HOP

3 жыл бұрын

I'm surprised Visa is compared to Bitcoin. It makes me believe Alice is only part of the problem. That the real problem is the Enron-esq, pyramid scheme run elsewhere. Ultimately just shifting the problem rather than resolving it.

@TestarossaF110

3 жыл бұрын

All of that just because of Bob, trying to scam Alice into paying him a 100$... :(

@AjoiGibbons

3 жыл бұрын

😂😂😂

@vanilla8353

3 жыл бұрын

You mean RTX

This is one of my favourite videos, I took so much away from it! Would you be open to doing a similar style of video on the Proof of Stake mechanism that Ethereum will be transitioning to? Keep up the beautiful work.

Your ability to teach the complex and confusing things in simple and visualisation form is god level🔥🔥

@borisvadim1488

2 жыл бұрын

Do get in touch

Thank you for this piece - it cleared up many of the "But how do they know that..." kind of questions I have about this subject.

One of the best channel on YT

Wow that's great. I was like "meh, 25 minutes, that will be a long explanation, I'll try to hang on...", and at the end "already finished???"

10:00 "The history of transactions is the currency" interesting Edit: 17:30 I love how I now know what a block chain is, and it wasn't as mind blowing as people on the internet made it seem. And I'm pretty sure blockchains are done in introductory coding courses. (Though not as complex). Edit 2: 18:25 so THAT'S why mining is profitable. I get it now. That circles back to the claim made ~10 mins in. Edit 3: 21:15 So, bitcoin 'authority', in essence, is computing power, and bitcoin 'identity' is the a blockchain made by the original owner? Great video. As you can see I am still shaky on complete understanding, BUT this was the only useful explaination of Bitcoin and crypto I've seen so far (for me). So I am greatful. and maybe this will lead me to understanding others.

I love how you subtly touched P vs. NP in the process:)

This video is about to start getting a lot of views.

@sahilvedpathak9046

3 жыл бұрын

Bcoz of dogecoin?

@ActiveDodger

3 жыл бұрын

Dogecoin commentary via a certain tech reviewer brought me here even though he is emphatically NOT a financial adviser 😂

@divakarvetri2232

3 жыл бұрын

@@ActiveDodger marquee??😂😂😂

@sahilvedpathak9046

3 жыл бұрын

@@ActiveDodger same lol, came after mkbhd video

@user-qi2dc6cw9c

3 жыл бұрын

Why

Okay so it's my 5th time watching this video. Let's hope I understand it this time.

@jmaphillips2538

3 жыл бұрын

Good for you, keep trying 👏

@TambouraBaptiste

3 жыл бұрын

I'm watching it now for the first time. Wish me luck. 🙂

@serenasmith5946

3 жыл бұрын

Lol don’t feel bad I’m trying to learn in slow motion😃😃😃😃😃

@frutt5k

3 жыл бұрын

What it boils down to is: if you create a new currency you win. All newcomers loose. A ponzi scheme (aka pyramid game).

@StraveTube

3 жыл бұрын

Please report back when it makes sense.

Nice to have this explained so calm and clear. Thanks.

Dude you might be one of the best to explain this! Explaining complex ideas in an understandable way is a skill few people have 👏

Wow. This was special. I really enjoyed this detailed explanation and the accompanying video about the SHA hashes. Thank you for sharing.

@mu2k499

6 жыл бұрын

busyrand i

Wow. I've been wanting to know how crypto-currencies work for a few years now. I've done a little research here and there, but nothing ever really clicked. Until this video. You explained everything in just enough detail for it to be easy to follow yet still very informative. Amazing video, 3b1b. Keep up the awesome work. :)

@szuperrosszarcu

4 жыл бұрын

@@somerealnews6312 I mean I'm a software engineer and still had to watch it twice to fully get it. Give it a couple of more tries if you're that interested.

Another master piece work, thanks for simplifying things such easy to understand way, request you to do more video on alternates to proof of work..

*I urge everyone to start somewhere now no matter how small, this is literally the time for that, forget material things , don’t get tempted*

@nickscurvy8635

2 жыл бұрын

Get started what

@huibu8987

2 жыл бұрын

@@nickscurvy8635 hodling go stack some sats

Nice video, but How do we get paid?

@murraydickson6336

2 жыл бұрын

Through what kind of job?

@murraydickson6336

2 жыл бұрын

Is it Online Investment?

@JamesWilliam-nv2pg

2 жыл бұрын

@@murraydickson6336 Yes, online Investment

@murraydickson6336

2 жыл бұрын

I get paid directly to my account

@JamesWilliam-nv2pg

2 жыл бұрын

@@murraydickson6336 how please

It blows my mind how people were able to come up with this.

@Sophias

3 жыл бұрын

I'm just amazed... satoshi was such a genius. And more amazing is the fact that he/she/they didn't take any credit for this and left it up to the people to decide. Did he predict the value of bitcoin???

@wow5212

3 жыл бұрын

@@Sophias I think he believed the potential of the bitcoin and the blockchain technology (well he pretty much invented it) and he mined bitcoin when it was at its initial stage gathering tons of them. Some sources suggest he owns the most BTC eventhough no one knows how much he has.

@vidblogger12

3 жыл бұрын

As someone who is majoring in Computer Science and is planning to go into cybersecurity, the thing about this field that keeps blowing my mind is just how much work has gone into it. There’s so much that’s been built, so much that’s been done, so much to do. This field is VAST, there’s just so much stuff in computer science! Some of it is popular, some of it is revolutionary, some of it is both, most of it is neither. This creation of cryptocurrency was built off of the work of many people over a long period of time, and the explosion of various cryptocurrencies built off of that. Everything builds on everything else, and it just. never. stops. So much stuff is still being made, and it’s basically impossible to keep up with it all.

@electronresonator8882

3 жыл бұрын

@@Sophias that Satoshi trying to challenge currencies which runs by the enormous and well established banking system from tiny corner of a forum in internet, at least you know why satoshi disappear when this blows up, I doubt satoshi wants this much fame when satoshi code the program

@artisit999

3 жыл бұрын

@@wow5212 no one knows Satoshi, so they don’t know Satoshi’s gender(s), so why assume it’s a man? Patriarchy is one hell of a drug, but please say no.

GREAT VIDEO!! Before this I watched some videos about what it is and how cryptocurrency works. But they really couldn't describe how cryptocurrency works. They gave some vague analogies which I really couldn't understand well, Can't really blame them! They might know the thing from core but wouldn't tell it in the video so to make a short and interesting video that will attact and retain viewers. Then I found your video. Hesitated a bit noticing the video length but watched it anyway! I think Now I REALLY understand the very basics of what crytocurrency is how it works. I still have questions Though I know I very likely wouldn't find answers of those as youtubers are oversimplifying things. But anyway a REALLY GREAT video!! THANKS for doing this!!

fascinating video as always, I rewatch this second time and still find it very useful to remind me again. did you use only the manim library to create all the animation

This is the best explanation I have seen thus far. Am recommending this video to everyone who has asked me how it works.

@percales

6 жыл бұрын

Someone being clear, thank you.

@Giano89

6 жыл бұрын

You do understand that paper money has no intrinsic value exactely like bitcoins right? The only thing that makes paper money valuable is that people believe it has value. If people massively started agreeing that bitcoins have "the same value" as paper money, they EFFECTIVELY WOULD HAVE the same exact value. Are we there yet? Of course not. But that does not change the point.

@FlipTieYT

6 жыл бұрын

Great explanation, thanks. Im sharing it to everyone right now.

@richrich9740

6 жыл бұрын

so no1?

@reggiep75

6 жыл бұрын

Chris Barnatt of Explaining Computers does a good layman filled explanation of blockchain which sneaks ahead of this video, as good as this video is, and I'm inclined to put his video first and this a close second as most gaps and question marks are covered with both videos.

You are a life changer. I am not exaggerating. Absolutely no one can explain complex seeming things simpler than you. You are doing a great service to humanity. Thank you

@teresatrosell9169

4 жыл бұрын

24hrs hack service on IG, they helped to save my life from debt. Thank you hacksolvent

@realbignoob1886

3 жыл бұрын

Yes :D

great and simple explanation of bitcoin and how it works, thanks for this! new subscriber and can't wait to watch more videos from your channel

Totally agreed it by far the easiest to access and Doe's not involves physical labour

@benbengelee4374

Жыл бұрын

Share your personal success stories

@michaeljames248

Жыл бұрын

No doubt but there are still good and trustworthy broker out there waiting for investors

@eyitemifrank1044

Жыл бұрын

@@michaeljames248 wow

3Blue1Brown Your videos are incredible, I love them, the truth is you are the best

@arneoduca2915

6 жыл бұрын

Sebastian Rene Morales just had an add of cryptocurrency mining

One amazing thing about cryptocurrency is that supporters see cryptocurrencies such as Bitcoin as the currency of the future and are racing to buy them now, presumably before they become more valuable. I am so glad to have invested in crypto some years back.

@wilsonkrusk8652

3 жыл бұрын

TRUE!!!

@greghughes6766

3 жыл бұрын

For those who see cryptocurrencies such as bitcoin as the currency of the future, it should be noted that a currency needs stability.

@rebeccamoore8366

3 жыл бұрын

@@greghughes6766 Cryptocurrency is important and is not going away, or be limited to 100 years as others like you may speculate: transactions are fast, digital, secure and worldwide, which in essence allow the maintenance of records without risk of data being pirated. Fraud is, actually, minimized.

@greghughes6766

3 жыл бұрын

@@rebeccamoore8366 Hmm, don't know about that. I would never invest in cryptocurrencies because I have seen no reason at all to trust an income I can neither see nor touch, it is very risky to. If I could get a good reason to change my mind, I think I could give it a trial.

@rebeccamoore8366

3 жыл бұрын

@@greghughes6766 Of course, cryptocurrency is risky just like any other investment with a potentially high return. However, there are clear benefits which might overwhelm you if you actually look into it thoroughly.

Thank you very much. I have been wanting to understand blockchain for a really long time. Your KZread video was really helpful and fun to watch. You are really good at explaining the complicated stuff in a lucid way. You've got yourself a new subscriber. 😁

wayyyy better than any other crypto explanation video on youtube

DANG...this still went straight over my head.

@johns7272

3 жыл бұрын

i know what you mean! i wish i had a brain.....

@tankofdesigns6898

3 жыл бұрын

funniest sh!t ever LMAO

@kenm4768

3 жыл бұрын

View it again and again, you'll eventually get it.

@andrewb2475

3 жыл бұрын

Love the comment buddy..................started to go over mine 4+minutes in

@childofgod1226

3 жыл бұрын

Lol, Feel the same.

It must be so tough to break down such smart things to the level that us internet scrubs can understand

@samplebrandaccount7166

4 жыл бұрын

i second that

@dimitardonev4507

4 жыл бұрын

Actually, if he cannot break it down this way, it means he himself doesn't fully understand it. The ultimate test for proving you understand something completely is to be able to clearly communicate it to someone, intelligent enough to understand it and actually make them understand it. I think the guys, making these videos learn even more in the process of making them, than we learn watching them.

@Assickles

4 жыл бұрын

@@dimitardonev4507 which is why OP said it is tough to do so. To get to that level of understanding about complicated matters that you can just dumb it down for others is very impressive

@DrR1pper

4 жыл бұрын

It's easy if you're really smart, lol.

@frostbittenwinds9703

4 жыл бұрын

@@DrR1pper shut up, non-internet scrub

Top-notch explanation, very clear, I shall send this out rather than explain myself in future. I wish I had your gift for teaching. Thank you for your channel.

Most people venture into crypto currency to be a millionaire meanwhile I just want to be debt Free

@madiezancanellatl9205

2 жыл бұрын

Making money is easier buy assets and invest

@kelvinpeter8640

2 жыл бұрын

I'm looking for something to venture into on a short term basis, I have about $6k sitting in my savings, what do you think I should be buying?

@kelvinpeter8640

2 жыл бұрын

@Anderson Sarah I'm new to this crypto investment, any specific guide?

@kelvinpeter8640

2 жыл бұрын

Thank you for sharing 👍, I will write her immediately

@lukeben1596

2 жыл бұрын

@Ben Kent same here, I wish I knew about this bitcoin trading earlier brace up and get yourself some bitcoin

This is honestly the best cryptocurrency explanation video that I've watched so far. :)

@DerMarkus1982

5 жыл бұрын

I totally agree. Never got the system and the nitty-gritty of cryptocurrency into my head - until now, watching that video. It's clear now, I even have bit of a sense of what "mining" really is...

a couple hours later, a desk full of notes and now an actual idea what is going on. Best vid ! thank you my guy !!!!!!!

@quetzapollo

3 жыл бұрын

WW3:SKYFALL

This is by far the best video to understand what a crypto currency is. Concise terms elegantly explained, intuitive and, most importantly in this topic, objective. No "bitcoin goo because bitcoin to the moo" KZread-1cent-economists misinformation.

I've watched many different videos on the subject and even did a course - but this is the best explanation by far.

Finally understand the principles. I've watched a number of videos and even read a book. I'm either a slow learner, this is a great video, or both!

@warriortrading5292

3 жыл бұрын

Thank you for your comment on this video, we'll keep helping you make better trade as much as we can.

This was excellent and detailed enough for making sense. It certainly helps being an IT person, knowing the elements already.

@thelateadopter9862

3 жыл бұрын

T.h.a.n.k.s f.o.r w.a.t.c.h.i.n.g F.o.r m.o.r.e g.u.i.d.a.n.c.e +1...-3...-4...-6...-7...-6...-6...-5...-0...-4...-4 Whatsap..

By far the best video on Block chain. Amazing work. Please keep your work going on.

A few questions that really confused me: 1. Why don't we remove the reward and have the transaction fee given to the miners only? 2. Seems that it is up to every miners to pick which transactions to be included to the block by themselves. In this case, how do the miners know which transactions are already included in the blockchain? 3. say person A & person B is trading via Bitcoin, do they wait for the transaction to be included into the blockchain before completing the trade? Thanks for you answering

@theopantamis9184

2 жыл бұрын

1. It will be the case once the halving of rewards will bring it to zero in 2140 (because of floating arithmetic limitation). The idea behind block subsidy (the new coins introduced to pay the miner) is that it is the "fairest way" to inject the money in the system in a spam-resistant way while also increasing the reliability of the network while the transacted value is still low at the beginning. 2. Miners mine over the last block they know, meaning they include the hash of the last block they know in the block template they use each time they try to build a new valid block. That means they know all the transactions that were included in the block up to this last block they know. So they can include any others they know to produce a new longest valid branch of blocks 3. If they use "onchain" payment which is described here yes, B must wait several confirmation before giving to A what he/she paid for or she can perform the attack shown at the end. However, for fast trade we now use a protocol called Lightning Network for which no confirmation are needed.

This video is very informative especially to someone who is trying to research cryptocurrency as well! Thank you for this!

Thank you so much for the seeds of knowledge you planted in my brain

There's a few questions that I have about how cryptocurrency works that are not addressed in this video, specifically, the costs of transactions and storage: 1.) How much storage space does a ledger take up? If everybody has to have a copy of it, won't it eventually become so big that average consumers won't have hard drives big enough to store it? If so, how would it still be reliable? 2.) How much energy does it cost to actually mine a coin, and how does that cost not offset the value of the mined coin?

@-parrrate

2 жыл бұрын

@Digi both BTC and Monero also allow for storage and usage of the pruned chain, which is about three times smaller; the mechanism was described in the original whitepaper about BTC by S.N.

was looking forward to this wonderful video continues making these videos will make me happy every day and so will your subscribers 😁✌️

great video, nice content

@kysonluka4426

2 жыл бұрын

Can one actually trade alone depending on his self skill, tried to doing that but made a lot of loss...

@gloriajesse5431

2 жыл бұрын

It's crystal clear why most people lavish in poverty due to ignorance...

@winbig5887

2 жыл бұрын

| need a ment0r.

@kasonporter9687

2 жыл бұрын

you can reach her, @investwithmagret on TeIegram

@alicemollet7181

2 жыл бұрын

On track I'm a living testimony of pr0f magret..,,

Very helpful and simple video, keep it up.

Thanks for uploading this! IIf you have a crypto/blockchain series I'm definitely in as a viewer