We should use blockchain in govt. to know how our taxes are being spent.

@FlagWaverFlagBearer

4 жыл бұрын

The hopeful long-term plan for many blockchain companies are things like this

@Parcian-

4 жыл бұрын

We should use blockchain to end govt.

@kalilg2242

4 жыл бұрын

@@Parcian- Amen

@quaveglass

4 жыл бұрын

Fuckin A. I was gonna comment this. Right when I was explained what blockchain was, I thought immediately about taxes.

@Feracitus

4 жыл бұрын

@@quaveglass taxation is theft, so blockchain should be used to avoid them =)

The internet allowed us to talk to each other, now the blockchain allows us to agree on what each of us said

@TheAngoRun

6 жыл бұрын

Great TLDR;

@K8097309800

6 жыл бұрын

You are on the right way 😉

@carverefrain2766

6 жыл бұрын

Hello, ! I have an interesting offer which can interest you, write me PM if you are interested please

@gkid50-gamingtechreviews55

6 жыл бұрын

also lets us seriously vote for the things that matter

@travisli-rufus1949

6 жыл бұрын

No more hiding behind a monitor , blockchain knows who you are.

"You don't want to send someone 5000$ and still have 5000$" I don't quite agree with this...

@omit4727

5 жыл бұрын

You dont want that because it would cause inflation

@bydeuce

5 жыл бұрын

@@omit4727 You missed the joke

@jen_nice2059

5 жыл бұрын

You’re an asshole

@at9048

5 жыл бұрын

@@omit4727 correct he's referring to inflation for fiat currency and copying for sensitive documents etc...

@HolgerKPedersen

5 жыл бұрын

If everyone did send some money to someone else without any costs involved; the whole idea of money would be meaningless.

I cringe at those "oracles" you mentioned who will be granted special access to make changes to the blockchain. This will just open the door to corruption and someone paying them off for personal gain. Leave humans out of this system completely!

@cathompson58

5 жыл бұрын

Agree .. the “oracles” make me suspicious

@Mike-yk2eb

5 жыл бұрын

@Charles Thompson @dindinho22 @coldfusion I hate to disagree with a PhD but this technology is new so there is a lot of wires that can get crossed. But oracles are essentially reference points for the blockchain. A really cool way to use them is through smart contracts. They DON'T make changes to the blockchain. Please check out this article from Æternity that explains oracles. blog.aeternity.com/blockchain-oracles-657f134ffbc0

@cathompson58

5 жыл бұрын

WiW LaRue LoL that is not how bitcoin works and you could pay them or torture them and they couldn’t break it at a single location .. it would take all locations at once, each with a cryptographic code that has 2^256 bit encryption (impossible to crack even one with current technology, much less thousands of systems with different codes at once) ..

@RayRand

5 жыл бұрын

My thoughts exactly! This will betray the "trust built into the system" that he bragged about.

@happyinc8231

5 жыл бұрын

Look into ChainLink: decentralized oracles, the most important project in the space.

In response to 0:44 "The technology invented to power this new system, was called "blockchain" and Nakamoto's paper was its grand unveiling." The real innovation by Satoshi Nakamoto is not the blockchain, or the underlying cryptography functions, or the hash-based proof of work algorithm to incentivize nodes (miners) to join the network to validate transactions. All of these had been described in papers by past researchers. The real innovation lies in combining all of this research together and writing the initial open source code to create the world’s first currency and banking system that cuts out the middle men and government power over people.

@3070cartouch

4 жыл бұрын

@herblore7 In my opinion, the real invention is the consensus mechanism! All the rest we had before.

@collinsdaniel4870

3 жыл бұрын

Forex and crpto stock trading is a good market to raise your finance at a steady growth, you need a proper understanding and a good strategy to become successful.___expert melissa__has introduced me to a great strategy to make profit and I made $125,000 last week. For more information you can email her on.expertmelissa8@gmail.com Her WhatsApp number 👉 +1 (503) 854 1768

*NEVER FORGET* of its *NOT DECENTRALIZED* it's useless and a probability that it's fraudulent or at least totally open to it.. This is extremely important to remember

@MichaelWaisJr

4 жыл бұрын

Ron Burgandy Scotchy scotchy scotch!

@ronburgandy1475

4 жыл бұрын

@@MichaelWaisJr Baxter get my slippers! 🐾🐾🐾🐶

@orvvro

4 жыл бұрын

But are these altcoins like Ethereum decentralized?

@ronburgandy1475

4 жыл бұрын

@@orvvro Eth is Decentralized absolutely. Not as much as BTC but it's probably the 2nd or 3rd most Decentralized out there so it would be extremely hard to corrupt unless it's a CENTRALISED blockchain built on-top of eth. For example many ERC-20 tokens are no longer on-top of Etherium because it let's them centralise and do whatever they like without having to get a group (the users) to agree to any changes.

Great great great video! You are becoming my favorite tech news sources. I also really appreciate the proper sourcing, it gives you a lot more credibility.

Mate! This is one of the best Blockchain videos I ever seen! A nice mix of amazing valuable content, candy beats and Boss interview with the lawyer! Congratulations! And please keep going with this kind of style! Cheers!

I am and have for years been a YOu TUBE addict~! I LOVE shows on YT> But your show my friend, I literally cannot wait for ANY new video from you. You do the best investigative work of ANYONE else on YT! I wished someone would give you a show, ONLY so you could get filthy rich like you deserve man! You are AWESOME!! PLEASE dont EVER stop making videos! You ROCK brother!! Hello from the states. Georgia to be exact!!

I've been looking for good videos to try to explain this fascinating subject to non tech-heads. This one is definitely going into my playlist. Also amazing ability to present this in a concise yet entertaining way

The music and Visuals in your videos are amazing !

THE MOST comprehensive video I've seen YET on Blockchain and cryptocurrency.

I always love the way that this channel keeps me informed and updated of the major technological developments. Much respect

This channel use the new version of the "Beyond 2000" series I used to watch in the 80s. Thanks for the great content.

@danonbrez3827

4 жыл бұрын

Use to love that show with the New Zealand accents.

love your videos mate! great information! also big up for putting "Schmoov! - Playground" there!

I resonate with the comments below, you are very talented and your audience really appreciates you. I am just starting educating myself about finance matters, never really having to deal with it before my IRA account started to drop in value (so fast). In any case, thank you, this Blockchain episode was very informative and inspiring.

Didn't even watch it and already hit that like button, can't go wrong with coldfusion

@noah.a.bachman

6 жыл бұрын

Ethan Davis lol, ya your right coldfusion Always makes Awesome videos

I have never heard of Blockchain, but i'm gonna watch because ColdFusion

@joshuanishimura1131

6 жыл бұрын

I hope this video compels you to learn more about the future of the internet, and the world!

Thanks for working on this topic and sharing it in such an easy way, this was really informative.

That introduction is so awesome and mesmerizing, well done!!

You just blew my mind...

Bring on the Blockchain. Hold the "Oracles". We need transparency.

@g.l.holdren162

4 жыл бұрын

I can't find any source for oracles as something that can "make edits on the blockchain," which is, so far as I know, impossible and the whole point of a blockchain. They seem to be just ways of getting information to the smart-contracts.

@s.cookie1136

4 жыл бұрын

Black Girl Magic u r beautiful af ♡

Keep the great content coming! I'm currently involved in a DAO project that has the potential to solve issues revolving around startups. Appreciate the blockchain education!

Man! Your content is amazing! I can't stop watching your videos! I'm learning a great deal.

As I start to get ready to buy into BC, this video has been very helpful! But it left a lot out about things already starting to be implemented that have nothing to do with the internet. I read not long ago that Wart-Mart is moving to blockchaining all their suppliers. Cheap RFID's make this doable. So, if the CDC says we have a salmonella outbreak, the blockchain will enable WM and the CDC to perhaps identify the one farm where the bad spinach came from. Immediately. I'm an old guy, I built vacuum tube radios as a teenager. I mostly like technology. But in my lifetime, most things have been evolutionary. Blockchain has the potential to change the world as much as the printing press and the internet have.

@arnebargholz2095

4 жыл бұрын

Is it decentralized? if not, it has not much to do with the technology in the video.(but is probably the better application of the blockchain philosophy.) Also I would really wait with investing into BC.

oracles, shared system... Someone remembers Matrix?

@MichaelWaisJr

4 жыл бұрын

Fausto Caldini There is no spoon....

@MichaelWaisJr

4 жыл бұрын

Fausto Caldini There is only the SPORK!!

@MichaelWaisJr

4 жыл бұрын

Fausto Caldini Mr. Andeeeerrrssoooonn...

@MichaelWaisJr

4 жыл бұрын

Fausto Caldini SPOOOOON!!!

@cornellete

4 жыл бұрын

There's no spoon.... just a nucleus and electrons. That one atom has us convinced there's trillions upon trillions additional atoms everywhere around us making reality, but in the end, it was always just that one atom being sneaky. Entanglements and super positions.. they say. My butt!

woow, just found this channel, its so informative, straight forward, explained on an easy to grasp level. thankst for putting in the time man was a lovely watch! u got yourself a new subscriber =]

Simply .... thank you for the best video on blockchain tech. On KZread

I do agree with the hesitance of people because of privacy, particularly when blockchain is used in healthcare.

Watching this video. I realized two things: 1. The future is beautiful. 2. I won't stay alive long enough to live in that beautiful future.

This is an awesome documentary. Very detailed with lots of very relevant information. Thank you for putting this together.

Awesome video! Thank you for the great educating content!

Jamie Dimon from JP Morgan Chase knows the end is coming for the banking industry. There will be hell to pay..

@jsmeswagner6104

5 жыл бұрын

Yup they will instituted deflation and take all money..they will crash all markets and destroy the real estate market..

@albirtarsha5370

4 жыл бұрын

Why won't people continue to put money into a bank account for guaranteed interest while the bank loans it out for a higher rate?

@samlsd9711

3 жыл бұрын

I want to live to the time that US dollars created by JPM is worthless and each country creates it's own economical power in exchanging goods with America and leave America devastated. It will take time but it will happen.

@samlsd9711

3 жыл бұрын

@@albirtarsha5370 Loans don't happen like that. You are fooled.

@albirtarsha5370

3 жыл бұрын

@@samlsd9711 If loans don't happen like that then why do banks offer CDs?

That 1975 outro, though.. good job again dagogo!

I love rewatching your videos

Thanks for letting me discover “Schmoov! - Playground” - awesome stuff!!

Blockchain was created around 1988. Look at the economist magazine cover jan 1988 and read that article.

@missionpupa

3 жыл бұрын

Blockchain is just a name mate. Peer to peer Decentralised blockchain is what we’re talking about

@slowmotionjoe6263

3 жыл бұрын

@@missionpupa thats a good point

It didn't age well this video, as people are starting to realise how useless blockchain are: slow, costly, not really solving any problems

Well done. Another excellent video and a pleasure to watch. Cheers mate.

Simply awesome I was looking for application parts .......thank you

Damn.. Michael is here! 3:57

The idea of Oracles, is scary. Everyone knows that world leaders will demand either direct access to it, or they will find out whom are Oracles and force them to make changes.

@travz21

6 жыл бұрын

You should never use a crypto that uses oracles. Any developers that think of using it are crazy.

Thanks for explaining the Blockchain and it's applications in such a simple and effective manner. It's the best that I have encountered on the internet.

fantastic video, great content from cold fusion

Man! You're the best. BTW my first comment in KZread ever, even though been using this for 7 years.

@GandaBaer

3 жыл бұрын

hi

What if breakthroughs in the synthesis of nanotechnology and bioengineering and 3d printing etc. were to create the possibility of humanity finally being able to move beyond scarcity. In that scenario blockchain would just be another stopgap. Money and wealth and power based on those things would be revealed to be a 10,000 year old relic based on fear of famine. Part of a no longer relevant paradigm. We would need to create a philosophical infrastructure based on abundance instead. We would stand in the threshold of the real beginning of civilization ie The Star Trek paradigm.

@autohmae

6 жыл бұрын

Some do predict something along those lines. Automation, cheaper power production (look up the price of solar over time - looks like Moore's law), etc. can create a world of abundance in some sense. But currently we are still not very efficient consumers. Literally products are not made to last aka planned obsolescence.

your video always has awesome content.

quite good amount of information in very easy and simplistic way .

Blockchain is good the best time is to invest Bitcoin/fx and cryptocurrency trading is now. Don't say to yourself that's is going down because you will end up postponijg for ever start now and make sure you start with a right broker

@jacobgary1643

3 жыл бұрын

Most time having knowledge or insight about a particular activity can as well be a pleasing exercise. I can boldly say that forex and crypto trading is one of the profitable money exchange services that elevates investors and their financial status

@raymondkatherine7491

3 жыл бұрын

@@jacobgary1643 That's true sir. Most people today have been having a lot of failures in forex and crypto sector because of poor orientation and bad experts

@garyhelen9155

3 жыл бұрын

You don't make money on forex or crypto by holding your coins rather you trade to make gains

@terrychristian9438

3 жыл бұрын

@@garyhelen9155 absolutely right ma'am

@terrychristian9438

3 жыл бұрын

Forex trade made me whom I am today financially without any stress and complications

Food. guns and ammo, Gold and silver, and a secure area have been my priority, but crypto currency, might be a good idea, as long as there are no world wars, or EMP attacks, or magnetic pole shift.

@travz21

6 жыл бұрын

Can always buy more of that stuff after you become a millionaire from buying crypto before it gets huge.

@missionpupa

3 жыл бұрын

If there is any world wars, Emp attacks, or pole shifts, buddy.. owning crypto is the last fckin thing you should be worried about. Also if there are any world wars, whoever wins, crypto will be strong because it’s unbiased of a country

great video...... provided much needed context ...... thank you

Stay strong in your convictions, but yes be open to other people's ideas, philosophy and prism thoughts. Thank you for your videos!! Your videos are the "jump off" and all of us should do our due diligence to verify and expand on the subject.

This whole blockchain technology and "Oracles" that can edit it and smart autonomous contracts, its like listening to the MGS2 plot, heh.

@reiko57

6 жыл бұрын

nah, that made way more sense.

@carverefrain2766

6 жыл бұрын

Hello, ! I have an interesting offer which can interest you, write me PM if you are interested please

Yeah it looks VERY nice and convenient but... privacy is a real issue here :/

@buyeth2047

6 жыл бұрын

georgemitchel23 Monero. And Ethereum will have it soon.

@jackbarrett3599

6 жыл бұрын

georgemitchel23 Privacy is actually not an issue at all.

@dustmote3550

6 жыл бұрын

wouldn't I be able to stalk people using the public leger?

@dustmote3550

6 жыл бұрын

to see what transactions they made

@davidpaolochua7877

6 жыл бұрын

Each record is public but doesn't mean it's not private. Your "user id" or whatever identified you are still unknown to almost everyone because it's encrypted to the ledger. You can see it but instead of like mark as the user it'll be something like 24chaeldosxntlwlado2esf45f so unless you can find the algorithm to decode it, it'll be hard to figure it out

Your video is so good hope you get better and better!!

10:48 "everybody in the system knows this car was sold to you" seems like the death of privacy to me...

Dagogo, you are amazing!!!

@dingovory

6 жыл бұрын

Ivan Reyes He's just relaying information. Go read a book for God's sake

I came here to learn how to invest after listening to a guy on radio talk about the importance of investing and how he made $460,000 in 4 months from $160k, somehow this video has helped shed light on some things, but I'm still confused, I'm a newbie and I'm open to ideas.

@louisclifford9874

Жыл бұрын

Investing in stocks and crypto is a good idea, a good trading system would put you through many days of success.

@tinythomas4438

Жыл бұрын

It is possible to produce superior performance provided you do something different from the majority. However most of us tend to pay more attention to the shiniest position in the market to the cost of proper diversification.

@wilsonbrown8993

Жыл бұрын

Having monitored my portfolio performance which has made a jaw dropping $370k from just the past two quarters alone, I have learned why experienced traders make enormous returns from the seemingly unknown market.

@anthonysam9391

Жыл бұрын

@@wilsonbrown8993 Interesting, I have a lump sum doing absolutely nothing at all in my bank account, I wanna get something started with it. You seem to be doing excellent for yourself, how do you achieve this?

@wilsonbrown8993

Жыл бұрын

@@anthonysam9391 Exactly, the trick is to diversify your investment, don't panic when everyone else is and invest consistently.

As like everytime, thanks for an another great video!

Keep up the great work. All the best from the US.

I don't know if I'd want the ownership of my house, complete with address and cost, to be stored in a ledger that anyone can access... Privacy is a massive problem with blockchain tech, which is why I don't think it will ever become universally used. Nobody wants to be part of big brother.

@Tenebrousable

6 жыл бұрын

They don't know if you own the house, they'll know what key owns it. And who holds the key is the secret.

@sublivion5024

6 жыл бұрын

encryption

@wuppas

6 жыл бұрын

If you become invisible in everything you do,how can anybody trust you at all ?

@Man0fSteell

6 жыл бұрын

Believe me , it's all part of the plan!

Conclusion: fuckin buy cryptocurrency

@AceNallawar

6 жыл бұрын

The Under Network - Main Na.. I live in Dubai

@JacksonMiller1

6 жыл бұрын

Or as a secondary plan pay your taxes?

@davidswe98

6 жыл бұрын

I already did in july what a time to be alive

@OpticSamurai24

6 жыл бұрын

Wich ones.....there are too many. Bitcoin is expensive af....( ETH too volatile)... (Litecoin, yield to low). I am still confident that crypto will be the future but still.....if you have any tips

@Martib

6 жыл бұрын

get in while its low, and hold on lol

Amazing, as usual. Thank you :)

omg thank you soooooooooooo much for making this video, gosh no other videos can explain what block chain is to me better than this one

Man Please Make a Video on How Big is HONDA & MICROSOFT

@danielsjohnson

6 жыл бұрын

tony michael By this comment I assume Honda is as big as how Coldfusion made Samsung sound like. Right?

@JohnnyBoiProductions

6 жыл бұрын

How about a video on who is entering the technological rust belt, I heard Peter Teal talking about it on an old video

Holy shit, DAO + AI would be a truly automated company, there has been some discussion how AI may replace CEOs, after all a CEO makes the best decision for the company based on what they know, an AI has unlimited access to data and can do the same. DAOs are gonna be so interesting, imagine a trading company or steam trading for real money, right now there' s a lot of dangers with trading items for real money because of the risk, someone could fuck you over so escrow exists, but if DAOs can do it automatically :O

@BeachLookingGuy

6 жыл бұрын

John Lelouch I'm sure there would still be a "CEO" to look over the choices the ai makes

@eduardoandrescastilloperer4810

6 жыл бұрын

someone has to make/own the AI

Awesome video! Many many thanks!

Great video. This channel is great!

I am seriously seeing because of super star UPPI sir

I hate the fact that banks are getting into crypto

@TheDifferenced

6 жыл бұрын

CHIIIIIIIIIIIIIIIIIIIIIIINAAAAAAAAAAAAAAAAAAAAAAAAAAA

@xZeroTheGreat

6 жыл бұрын

Banks'll be around. But as cherry-picked payment signaturees and brokers for loans, as they'd function

@xZeroTheGreat

6 жыл бұрын

U're lacking knowledge about how the Bitcoin protocol actually works. And, yes, Bitcoin is weakly pseudonymous. Use anonymous open blockchains (already exist), mixing services and crosschain transfers to disassociate funds with your identity if u're feel followed

@AmunRa1

6 жыл бұрын

I don't understand what you're getting at, Deckard. First of all, cryptocurrency forensics is not 'easy' like you say it is. It's incredibly costly and difficult unless someone uses the same address or sets of addresses for all their transactions. Since most people use a new address every transaction, tracking one address is pretty much useless. Even if you can figure out a way to guess a set of addresses that belongs to one person, you'd also have to figure out who is on the other side of the transaction. It's like if phone numbers changed after every call, and you figured out a set of numbers that all belonged to one guy, you'd still have no idea who they're calling. Basically, the only way to know for certain that a set of addresses all belongs to you is to get data stored on your computer, which is what happened to Ross Ulbricht, the guy who ran the Silk Road. Your story sounds like typical unfounded conspiracy theory to me. I'm going to take this with a huge grain of salt unless you have some sort of evidence to back that claim up. Also, I can't imagine a possible way in which Bitcoin could be un-decentralized just like that. Even if that did happen, that'd be the day everybody took their money out of Bitcoin and into any of the other hundreds of crypto-currencies on the market right now.

@AmunRa1

6 жыл бұрын

Talking in all caps doesn't make you more right, chill out. You're sounding like a Flat Earther right now. No, addresses are not "software" in the traditional sense, if that's what you're talking about. They're a string of up to 35 numbers and letters. For example, 19aVsXegUuPT5b2imrQ77XFsomLRziZ6Q5. I just made that using the website "bitaddress.org". You can actually create a bitcoin address completely offline. What you then use is a private key, generated at the same time, to authorize transactions with it. A private key is usually a 256-bit number, so they'd be incredibly hard to crack by brute force. As far as I know, there's nothing involved in the process of generating an address that contains any amount of personal information on your part. You could even do something like program a raspberry pi that's never been hooked up to the internet to generate them, transfer them to a .txt file, and then transfer them by thumbdrive, if you're particularly paranoid about your personal identity somehow being contained in your address. Kinda hard to track something that's never been online before. Also, since creating a new address is so easy, most people do it every transaction. As for bitcoin transactions, if you're talking about that... If someone sends you Bitcoin, you can't just look at the "from" portion of the transaction and see who it's from, because that's not part of the transaction. That's because it doesn't exist. Essentially, bitcoin is a system of receiving money, but not sending it. This also adds to the difficulty of tracking transactions. It's not impossible, but certainly not easy. As for the flat file... I mean, yeah, I'm sure that's already been done, too. However, that wouldn't actually give you any amount of control over anything. That'd just mean you'd be able to look through the transactions that have been made in Bitcoin. This information is already pretty much publically available, transferring it to a database doesn't really mean much. Essentially, you couldn't force the entire blockchain onto one computer, but copying the information on it to a database is possible. I can't help but feel you also overestimate the utility of cash. For one thing, being a fiat currency controlled by the government raises a few issues. Another thing is that while it's easy to go to your buddy and buy 50 bucks of "oregano" from him at the corner, the problem becomes exponentially more difficult when you want to buy five million in "powdered sugar" from your buddy at the dock. Now you're lugging around a big briefcase of cash, which anybody could grab and snag at any moment. No hacking necessary! Most transactions of that size will have middle-men, who will likely want a cut of the profits, too. Then there's the issue of how do you get that much cash in the first place if you didn't already have it. Do you withdraw it from a bank? Maybe you had to launder it, which is a whole 'nother complicated proccess? What if your buddy is in China? Well then you'll have to figure out how to transfer it overseas to him, likely smuggling it through customs of some sort. Now you've added logistics into your expenses as well. Not only that, but it is going to have to convert it to Renminbi now somewhere along the way, which is ALSO an added fee. There are certainly situations where cash will always be better, but cryptocurrencies fill in the gaps. Honestly, I think Bitcoin is the prototype. If it's ever mass adopted, it won't be Bitcoin, or at least not it in its current form. So if it was a plot to get us to all go cashless, I would consider it a failure.

I am 34 now I am sceptic of the Blockchain and AI. In 1995 when i was 13 i was excited about the Internet and Computer with the similar situation. I guess I have finally become old but the technology doesn't care what I think. It moves on.

@Stormlucy111

4 жыл бұрын

You are VERY OLD...😂😂😂

excellent production. I would like to know how you get access to all of this great footage you use. Others are right , you should have your own TV show. Good research..

So its basocally what they try to do in the newest season of sillicon valley :D

Love it! Bring the future now! of course, it wouldn't be the future then :(

all very interesting and entertaining. nice score as well. progress is permanent. cheers!

Awesome vid, as always. :)

this video didnt age too well - let's see the AI series in 5 years.

11:48 entities allowed to edit the Blockchain? That defeats the purpose of a Blockchain right there.

thanks for doing this

Thanks for the video. It is very informative.

Pedantic point, Bitcoin cannot do 10 tps -- it can only do 7 tps and that's only the max theoretical throughput under most ideal conditions. In real world usage Bitcoin throughput is closer to 3 tps because of more complex transactions on the network.

@jackbarrett3599

6 жыл бұрын

Victor T Bitcoin is not the only cryptocurrency in existence... Look at iota, the plasma network, lightning network... They've solved that "problem," not that cryptos were slow compared to banks in the first place.

@jackbarrett3599

6 жыл бұрын

Victor T Also, no transaction is more complicated than another. Congestion is a factor when it comes to payment processing.

@greatwolf.

6 жыл бұрын

I'm not sure what point you're trying to make here. Of course blockchains with adaptable block sizes like Monero, Ether and Dash tps is less of an issue. My comment here is directed towards incorrect information in the video where he states bitcoin's tps is 10.

@yziib3578

6 жыл бұрын

Victor T, the 7 tsp is pre-SEGWIT. We're is a transition to SEGWIT so the tsp will be higher.

@MultiANTI

6 жыл бұрын

With segwit it wont be a problme

Even if blockchain works as you say it does (and it probably won't for a while) fraud and other bad things can still be done before or at an item's point of entry into the blockchain system in the first place.

@PhazonBlaxor

6 жыл бұрын

It doesn't work like that. The people who "mine" the currencies are the people keeping track of everything that happens in the blockchain. If somebody tries to move money to account where it doesn't belong, the majority of the network doesn't agree and the transaction will not happen. As far as I know, the only way to break the system is by controlling 51% or more of the whole processing power of the network so you can confirm your fake transactions with majority of the "votes". This would not only be ridiculously expensive, but it would also be extremely complicated to achieve. The amount of electricity needed to get there alone would be expensive even for government scaled budgets, as the current power used by the whole Bitcoin network is equal to almost 5 of the most powerful nuclear power plants in the world. So yeah, you would need 5 of those to start off, then you would need to produce all the mining hardware to do the actual mining. The scale of this is just ridiculous, it's really not achievable by any single organisation. Besides, it would never pay itself back, because the moment you break the system Bitcoins become worthless.

@travz21

6 жыл бұрын

Hacking the blockchain is impossible. Like Phazon said, as soon as you break the system the coin becomes worthless. So what would be the point of making a fraudulent transaction if it would be worthless afterwards? Not to mention controlling 51% of a well-used coin would cost in the 100s of millions at minimum

another amazing video , thanks man !!!!!

Thank you for this video

"ORACLES" remind me of The Matrix.

DAC ? Decentralized Autonous Country?

Awesome information. Thanks.

Thank you for this video.

In 20 yrs time, we might go cashless and proceee with our transactions without handing bills to sellers. I think, I already heard of this years ago - that our society will move to an era where physical cash no longer has value..

@travz21

6 жыл бұрын

True. Cryptocurrencies are the future.

@236Mars

5 жыл бұрын

I think an early version of that future is already here....credit cards, debit cards, electronic banking and now cryptocurrencies.

@AnonymousAnonymous-pp5of

5 жыл бұрын

I see this having a positive impact on me. But my gut feelings are visualizing a dystopian future which we're not ready for.

plz do a vid on thorium and its future uses

@TheNeilDarby

6 жыл бұрын

I don't see how ColdFusion hasn't already done a vid on LFTR technology. More people need to know about it.

@greyjohnson4124

6 жыл бұрын

dank bleach considering its fake it's useless

@JohnC-iv8jo

6 жыл бұрын

Yulian Baskoro good work Norway running a paper mill on A HOAX ------- buy solar :-)

@chrisk8208

6 жыл бұрын

Yulian and Grey . The ability to use Th in reactors has been theoretically known since the 30's and practically demonstrated in the 60's. It's a thing and anyone who says it isn't can join their delusional buddies on a flat friggin' earth.

@warmelk4554

6 жыл бұрын

Chris K people dont know about it much by the way you just googled that

Great video liked and shared!!

WOW! Thank you. A wonderful explanation of the intricacies and the potential future for the Information Revolution...

How will we be storing the data in the blockchain. It will quickly become to big for the amount of information that is physically possible to be stored on the earth.

@doctordaro2112

6 жыл бұрын

TheWioreks Just gotta keep up

@TechBug2012

6 жыл бұрын

TheWioreks Unfortunately there will be some centralization in regards to storage as people look for places to store their blockchains, you are correct :( but decentralized storage solutions, such as storj.io, are also changing the game in that regard!

@Nehpets94

6 жыл бұрын

I believe there's something called pruning for the blockchain. I'm not sure how the algorithms work or if they're even successful.

@paulodeoliveira3368

6 жыл бұрын

TheWioreks it's not necessary to store the data just indexing the data. Like an old fashioned library.

@1AirWind

6 жыл бұрын

Just send server into space

Down side. Privacy!

@kalilg2242

4 жыл бұрын

Compared to now I see zero difference.....

@TheRealVivia

4 жыл бұрын

Now you can see what the govt is doing with our taxes.

@chrisvanvoorhees8008

4 жыл бұрын

Zero knowledge proofs/recursive snarks tho

@oneminutefixed5003

4 жыл бұрын

Monero

Great video!

Great final thoughts

please dont make blockchain mainstream I'm still trying to accumulate

@drns2007

6 жыл бұрын

Accumulating what? He's talking about blockchain. Not bitcoin🤣

@erickl227

5 жыл бұрын

haha

@aceyage

5 жыл бұрын

Peace!!! You don't understand crypto = blockchain. Otherwise it's just a decentralized, complicated database. Doesn't make much sense to use for corporations. Blockchain only makes sense for financial transactions. Period.

@asmith8898

4 жыл бұрын

aceyage So corporations don't do financial transactions? You are just as confused as the guy who just heard of bitcoin and blockchain for the first time. Pathetic. Where are the real nerds?

Tangle > Blockchain

@andrerothweiler9191

6 жыл бұрын

pklifter true, Iota for sure!

Very nice video!

Very informative ty Degogo