So how does Bitcoin actually work?(The Basics)
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2 жыл бұрынHey everyone! In this video I give you guys a general overview of Bitcoin. We talk about the difference between bitcoin the network, and bitcoin the asset, as well as the properties and purpose of this new technology. I hope this gave you a better idea of what Bitcoin looks like and how it operates. Feel free to ask any questions you may have in the comments and I'll do my best to answer them! aight, see ya next week :)
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@Lucid_Luma 2 жыл бұрын
wow.this is literally the first piece of content on the internet i've seen about bitcoin that presents it in an approachable way and vibe. thanks for demystifying the skill gap. Much love brother
@jacksweeney 2 жыл бұрын
I'm so glad it helped!! I agree, most of the content on bitcoin right now is either way too complex or way too boring. Not to mention all these youtubers that are just there to pump their bags and what not... thanks for the comment!! I have more videos coming out every week too, so those should help further your understanding as well!
@Lucid_Luma 2 жыл бұрын
@@jacksweeney Logged in just to tell you that I would love to get a bitcoin course if you made it. But make it not just about bitcoin but how to integrate bitcoin into your lifestyle sustainably etc.
@jacksweeney 2 жыл бұрын
@@Lucid_Luma ooo that's an interesting idea for sure. maybe sometime in the future ill do that haha but for now I'm just gonna keep putting stuff out for free as much as i can. you switched up da channel on me sir!! i remember those vids you did a while back though haha, keep going man
@Maya-fl8vn 2 жыл бұрын
could literally listen to u talk about this for days .
@jacksweeney 2 жыл бұрын
WOOHOOOOO
@Jacks.Outback 2 жыл бұрын
yes.
@jacksweeney 2 жыл бұрын
absolutely
@jam2726 2 жыл бұрын
wait so can you like use bitcoin to buy things? like do you convert the bitcoin you make into relevant currency and then you’re able go pay for stuff?
@jacksweeney 2 жыл бұрын
right now you can't buy much with bitcoin. i've bought a few things on the internet with it, but for the most part, bitcoin as a medium of exchange is still a few years away. possibly a decade, who knows. the main value prop of bitcoin is that it cannot be inflated, therefore it will store your wealth over time
@PameDesigns 2 жыл бұрын
who makes the math puzzles being solved by the miners?
@jacksweeney 2 жыл бұрын
satoshi made the puzzle when he coded the SHA-256 hashing algorithm. the algorithm is what determines the difficulty of the math problems
@leonidasbtc3005 2 жыл бұрын
30 000 fin d’année
@yt-ll5mu 2 жыл бұрын
yes.
@jacksweeney 2 жыл бұрын
yes
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