How Cryptocurrency Works | NYT

MightySavagE
MightySavagE

stil dont get why the math puzzles, but okay ;D

2 months ago
Moon Walker
Moon Walker

Go to my channel to sign up for free Bitcoin, LiteCoin, and Dash!! Blockchain is the future! I recommend Binance as an exchange btw!!

2 months ago
Tom S
Tom S

I think hashflare has 30% off mining with code HF18INET404. https://hashflare.io/r/4DD56BF6

2 months ago
J Guillory
J Guillory

There has been an awakening. Have you felt it?

2 months ago
Raphael
Raphael

Forget Bitcoin, the transaction can be traced back to you and the taxes you have to pay on them. Monero is more secretive.

2 months ago
Peter Bayliss
Peter Bayliss

IF it lasts that long...... Really?

2 months ago
Jet Streamer
Jet Streamer

Wonder why no one ever thinks about the environmental impact of mining bitcoins. And btw it's not anonymous, the moment someone binds your name to your wallet id all your transactions are public. Not quite the same as an IBAN.

2 months ago
dazhibernian
dazhibernian

Bitconeeeeeeect!!!!!

2 months ago
Official house
Official house

dazhibernian does it exists now bitcconet

2 months ago
inferno
inferno

Cryptocurrency is the future and the future is techno-libertarian.

2 months ago
Home Wall
Home Wall

There's no online purchase using banks to authorize a transfer. Just like there are hardly any that would allow bitcoin transactions.

2 months ago
Robert Toddford Williams
Robert Toddford Williams

Combination beenie babies and green dot.

2 months ago
Simiral Entertainment
Simiral Entertainment

When the Russians come up with a way to go through all logins and passwords without hacking them, and freely manage files, a new world will come and the bitcoins will become the property of Russia, like the rest of the world ... I think it will be very soon or it has already come and is ...

2 months ago
Tackleqb
Tackleqb

Cryllionaire has to be sarcasm I refuse to believe the sheep have gotten this dumb

2 months ago
Cryllionaire
Cryllionaire

I see that Russia propaganda is working well, you have fun trying to hack a blockchain.

2 months ago
Tackleqb
Tackleqb

Simiral Entertainment haha this has to be sarcasm right ?

2 months ago
Pol Innocent
Pol Innocent

70% of the people reading this will be paying with crypto in five years. 100% of their children will be in fifteen years.

2 months ago
Troll Ov Metal
Troll Ov Metal

*Oy vey, goyim. Buy my Mosescoin!*

2 months ago
jokerbookshop
jokerbookshop

So in a sense bitcoin will crash and come to an end when there are no more coins to be mine, because no one will spend energy creating new blocks...

2 months ago
Sean plank
Sean plank

Miners don't demand a fee although they do select which transactions they want to add to the blocks. If every miner on the planet refused to mine 1 sat transaction fees then guess what!? You can decide to mine them and collect transaction fees

2 months ago
Home Wall
Home Wall

So we're dependent on miners and have to pay whatever fee they demand; and this is better how?

2 months ago
Ultimate255
Ultimate255

When Bitcoin hits the 21 million cap, mining will still continue. The miners will collect the transaction fees as their reward.

2 months ago
El Sholz
El Sholz

Tx fees

2 months ago
Pol Innocent
Pol Innocent

jokerbookshop Uhh, no. Its scarcity will be even higher as hundreds of millions of people demand it as a store of value thereby increasing its price 1000x.

2 months ago
Denis Isaev
Denis Isaev

Ok, but why does it cost money?

2 months ago
Diego Flores
Diego Flores

Denis Isaev It only costs electricity. Then it is worth whatever peolple wants to exchange for it. Same as money. When you say money has a Country economy to back it up, you are talking about speculative trust. You trust that country has a systmen and will pay his debt. With crypto you dont need to trust some speculative degree of corruption and financial health of a goverment, because the protocol runs on unequivocal math: Blockchain cant be corrupted. The envirental cost is a real bitcoin issue thou. But there are other strong -non POW-cryptocurrencies which are more sustainable.

2 months ago
professorM
professorM

Things being rare and takes work make it have value. Think of block chain like it's gold. You have to mine it which takes a lot of effort. The block chain is encrypted chunk of bits that's 200+ megabyte. Computers 'mine' it spending a lot of time & electricity. The video tells you how the mining works.

2 months ago
Denis Isaev
Denis Isaev

professorM at least there is economic of the country on the back of the green paper. What is behind block chain? Just the fact that it can "count" itself?

2 months ago
professorM
professorM

It has value like how a piece of green paper (money) has value.

2 months ago
Home Wall
Home Wall

All currencies cost money to acquire.

2 months ago
v1d300
v1d300

1:44 Not complex *puzzles* but complex *problem.* A puzzle solving time highly depends on knowledge and ingenuity which means it can take more or less time for one person compared to another. A problem has one solution which takes about the same time for everyone with a set of skills i.e. if I provide 100 amount of power to mine, and you too provide 100 amount of power to mine we will end up mining the same amount over a certain period of time. More power, more the mining efficiency.

2 months ago
REELFEEDMEDIA
REELFEEDMEDIA

bitcons over untrustable platfrom to use warning ya taxing on way to laws trade agreement globle

2 months ago
s y k
s y k

we got google but no one wants to hit search for themselves

2 months ago
Tackleqb
Tackleqb

This is how typical sheep act. They simply follow what the herd thinks. And most just think whatever propaganda the TV tells them to think. Very few people do their own due diligence. This is why our country is falling apart. Because most people are utterly ignorant to most things going on in the world

2 months ago
s y k
s y k

im almost 3 years into it all, same old excuses/ignorance from general public. not one person looks into it but knows everything about it because they saw one article to form their bias

2 months ago
Tackleqb
Tackleqb

Lots of noobs in the comment section

2 months ago
s y k
s y k

it has been running for a decade, sorry whats over?

2 months ago
Brian Briggs
Brian Briggs

so it's backed by absolutely nothing but the nerds that invented it and said it was worth something, can anyone say pyramid scheme.

2 months ago
Jed Baguio
Jed Baguio

Brian Briggs I'm not gonna debate u on ur opinion on cryptos, that's subjective and pointless...bottom line, competition is good.. so u have a crystal ball there cos ur sure it won't fly? Can I borrow?

2 months ago
Brian Briggs
Brian Briggs

Yes but not one made up in somebody's basement that have no inherent value beside what a guy in skinny jeans says it does, bottom line if you want to believe in that go ahead.

2 months ago
Jed Baguio
Jed Baguio

Brian Briggs btw, can I borrow ur crystal ball? U seem to be so sure about crypto's future...so sure that the I have to conclude u have crystal ball... promise, ill return it in two days

2 months ago
Jed Baguio
Jed Baguio

Brian Briggs whether u believe in cryptos or not, that's up to u... bottom line, bitcoin and cryptos are competing currencies... unless u believe in monopolies, specifically the fed's monopoly on currency, u have to agree that competition is good..

2 months ago
Jed Baguio
Jed Baguio

Home Wall are u really saying that a competing currency is a bad idea?... I thot monopolies are bad ideas?

2 months ago
phuk offndy
phuk offndy

NYT=FAKE NEWS

2 months ago
Ivan.I.Stong
Ivan.I.Stong

u their #1 subscriber, you watch and comment on every video

2 months ago
Nathanael Luther
Nathanael Luther

I feel like crypto currency is a novelty but regardless is the way of the future

2 months ago
jolene jerry
jolene jerry

Fair City Virtual city crypto games truly owned by its users. Selling your virtual land on your Smartphone and get rewarded with cryptocurrency. https://t.me/fairgame_global

2 months ago
herein mygarage
herein mygarage

Dogecoin is better

2 months ago
Moon Walker
Moon Walker

Mine Dogecoin for free at Coinpot.co

2 months ago
diane gonzalez
diane gonzalez

How space,age !

2 months ago
Frisk 2.0
Frisk 2.0

3rd like

2 months ago
Anon E Moose
Anon E Moose

Buy crypto guys, don’t sell. We need to raise the prices.

2 months ago
El Sholz
El Sholz

#HODLGANG

2 months ago
Anon E Moose
Anon E Moose

herein mygarage But you have to hodl or there won’t be another moon. :(

2 months ago
herein mygarage
herein mygarage

Anon E Moose I just sold my 12 btcs and 56 ethers I bought a lamb no more hodl

2 months ago

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