Bitcoin: How Cryptocurrencies Work

Whether or not it's worth investing in, the math behind Bitcoin is an elegant solution to some complex problems.

Hosted by: Michael Aranda

Special Thanks: Dalton Hubble

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    So basically it's some kind of old school coin currency like in RPGs? like I can buy a chocolate bar from someone online by trading a Bitcoin but I can't buy something from Amazon with it because it's not real?? Idk please help

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    7:40 creating Bitcoins out of nothing another form of FIAT currency? We still did not learn from the past mistakes. Sure come a long way from buying good sand services with a 20.00 bill which was so much easier than this ridiculous tangled web for creating value.

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    For me the elephant in the room is the real cost of verifying the transactions, the cost of hardware that will become redundant quickly and electricity that is expensive. And the obvious It’s very very environmentally unfriendly.It seems you can buy and save Bitcoin but if you use it in transactions the cost of keeping it secure is impacting adversely in the real world.Bitcoin is an idea / project that should have remained hidden.It’s called mining so Gullible think they are getting something for nothing, when infract all the so called miners are doing is the dirty expensive donkey work.

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