But how does bitcoin actually work?
The math behind cryptocurrencies.
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This video was also funded with help from Protocol Labs:
Some people have asked if this channel accepts contributions in cryptocurrency form. As a matter of fact, it does:
ENS: 3b1b.eth
2^256 video:
Music by Vincent Rubinetti:
Here are a few other resources I’d recommend:
Original Bitcoin paper:
Block explorer:
Blog post by Michael Nielsen:
(This is particularly good for understanding the details of what transactions look like, which is something this video did not cover)
Video by CuriousInventor:
Video by Anders Brownworth:
Ethereum white paper:
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Animations largely made using manim, a scrappy open source python library.
If you want to check it out, I feel compelled to warn you that it’s not the most well-documented tool, and has many other quirks you might expect in a library someone wrote with only their own use in mind.
Music by Vincent Rubinetti.
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Stream the music on Spotify:
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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.
Russians own and trade this scum currency. Ban it now. It is the currency of tyrants and dictators. Is it only Russians that still own them?
My eyes love the jet black background as does my Oled, it's a wonder why people done presentations in eye hurting white for so long
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?
was looking forward to this wonderful video continues making these videos will make me happy every day and so will your subscribers 😁✌️
What does it mean to have a Bitcoin? It means you want to sell the damn thing as soon as you can for a much as you can. it's a Ponzi scheme.
13:01
That is what I call a selfless Youtuber and a real Math lover. You rarely find such spirit in people nowadays. These guys are actually more than just Youtubers, they're a family. And the level of content they generate is enriching people like us tremendously. Let's just take a moment to thank these people and acknowledge their efforts. Love and Peace.
✌🏻
This is the most educational video I’ve ever watched thank you so much for real🙏
Thanks for this great video! Sending to a friend.
I believe < that the inflation is already priced in crypto market since the end of last year. These manipulative rats are always 2 steps ahead of everybody because they are market makers. I hope I’m wrong and they won’t keep dumping it on retail investors as always. Those who hold the longest will profit the most, I invest and hold profits keep up the great work! and also Andrew Crawford has been doing a great job reviewing all chart, trade and techniques on BTC which has enhance the growth of my portfolio to 17 BTC lately.
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lesson of the day: bob is kind of an asshole
I don't believe I've ever seen a video this in-depth on HOW crypto works. Thank you for giving us this gift. Keep up the great work!
Bitcoin and other cryptocurrencies are a form of money that's a stable field that the government can't destroy and can't distort. Because its creation is governed by the laws of mathematics. It can't happen any faster or slower than a certain rate, and it all sort of self-adjusts.
Bitcoin and other cryptocurrencies are a form of money that's a stable field that the government can't destroy and can't distort. Because its creation is governed by the laws of mathematics. It can't happen any faster or slower than a certain rate, and it all sort of self-adjusts.
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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.
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.
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.
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.