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

Learn more about Cryptography: https://www.youtube.com/watch?v=-yFZGF8FHSg
----------
Support SciShow by becoming a patron on Patreon: https://www.patreon.com/scishow
----------
Dooblydoo thanks go to the following Patreon supporters—we couldn't make SciShow without them! Shout out to Bella Nash, Kevin Bealer, Mark Terrio-Cameron, Patrick Merrithew, Charles Southerland, Fatima Iqbal, Benny, Kyle Anderson, Tim Curwick, Will and Sonja Marple, Philippe von Bergen, Bryce Daifuku, Chris Peters, Patrick D. Ashmore, Charles George, Bader AlGhamdi
----------
Like SciShow? Want to help support us, and also get things to put on your walls, cover your torso and hold your liquids? Check out our awesome products over at DFTBA Records: http://dftba.com/scishow
----------
Looking for SciShow elsewhere on the internet?
Facebook: http://www.facebook.com/scishow
Twitter: http://www.twitter.com/scishow
Tumblr: http://scishow.tumblr.com
Instagram: http://instagram.com/thescishow
----------
Sources:
https://bitinfocharts.com/
https://chrispacia.wordpress.com/2013/09/02/bitcoin-mining-explained-like-youre-five-part-2-mechanics/
https://www.youtube.com/watch?v=Lx9zgZCMqXE
https://www.youtube.com/watch?v=nQZUi24TrdI
https://bitcoin.org/en/how-it-works
http://www.forbes.com/sites/investopedia/2013/08/01/how-bitcoin-works/#36bd8b2d25ee
http://www.makeuseof.com/tag/how-does-bitcoin-work/
https://blockchain.info/charts/total-bitcoins
https://en.bitcoin.it/wiki/Controlled_supply
https://www.bitcoinmining.com/
http://bitamplify.com/mobile/?a=news

Image Sources:
https://commons.wikimedia.org/wiki/File:Cryptocurrency_Mining_Farm.jpg
  • Alice Stella

    To succeed in the trading world of iq/Binary option You need to find a nice and a winning strategy by connecting to a sincere Broker/Account Manager, someone to inspire you like Dr Frank Robert is doing for me, Frank Robert has been an inspiration and source of motivation to many newbies in the Option iq/binary trade. He has the skills and the right strategy to succeed in trading binary options. His is my manager and that is the best thing that has happened to me in the Forex trade, i am making more money via his directives.

  • Json Peters

    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

  • Stacey Roberts

    Are searchinging for the best Blockchain develpment company? Here i have experienced one of the best Blockchain development company Bitdeal https://www.bitdeal.net/hire-blockchain-developers who provides the highly secured Blockchain Applications...!

  • Ajinkya Inamdar

    One of the best videos explaining something that I've ever seen. Bell icon pressed!

  • James Suitt

    Talking of good strategies, I believe its no longer news that Mr Owen Carter has the best strategy today, with more than 500 students making $10,000+ weekly. My life has never been better. This is my 3rd week and you have no idea how rich i am and how my wife and kids are all happy right now. So My Advice is don't wast your Money and Time, Go with and Get your Desire Profit >> https://t.co/TEyqrWj20l .

  • Toro sharp edge

    Scam scam.This just same like money literally.But in negative form.

  • Igor Krikorian

    Hi guys, we are launching a groundbreaking venture - Currencies and Assets in the Multiverse..Currently are three coins/tokens on Waves' DEX Platform - Welcome to check @ nethergold.com/nethergold-ico-white-paperKeep in touch, Cheers !Igor Krikorian / Nethergold

  • hyper velocity

    https://btcsmash.io/?i=63064 click the above link and enter your bitcoin wallet address to get free bitcoins

  • Max Fmv

    This is little more confusing than necessary. That's why I prefer 40-50 year old experts vs. 18-19 year old children, teaching me.

  • John Bauer

    Register PIVOT to get BTC Bonus:PIVOT is a community for cryptocurrency investors. https://www.pivot.one/app/invite_login?inviteCode=nbqvvt

  • lucas wilson

    Hi Everyone would Like to educate few Lucky people on how to trade and earn daily returns

  • Crawford Alfredo

    Invest today with Mr Martin and start earning more profit, he trades for me and I make good profits every day from his trades. If interested follow him on instagram @crypto_martin or email- cryptomartindale@gmail.com

  • Willi Otto

    for 2 years, i have been searching for a way to make money off cryptocurrency and i got too frustrated until i met mrs Amanda B Johnson on youtubewho makes me about $500 every week with her mining device

  • luke millard

    are you just a beginner in crypto mining ?? Mr chris dunn TV has the best/fastest miner as for now

  • Robert Todd

    I got over $66,000 cyber money through the hacked transfer that was done for me by Expeditetools. com

  • Amanda Sheppard

    This seems really stupid and a str8 path to NWO when they delete money all together. Sounds dangerous for the future

  • vimukthi rashitha

    Register PIVOT to get BTC Bonus:PIVOT is a community for cryptocurrency investors. https://www.pivot.one/app/invite_login?inviteCode=ccwytj

  • Nelle De Guzman

    Try this its legit http://ykmoney.clubtry/7882833628486/

  • Davi Dias Araujo

    Which cryptocurrency can make me rich in 2018 like Bitcoin did? http://bit.ly/cryptocurrency-that-can-make-you-rich-in-2018

  • MJ Marketing

    https://youtu.be/XzayiAUkOM8

  • FUN ZONE

    If anyone want to earn money fast with cryptocurrencies than rely to this message and connect with me i have some great apps that pays you money and grow fast in crypto world

  • respect my privacy

    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.

  • Alex Grospow

    if u interested oin cashback on BTC, ETH click video in my channel)

  • Corrado Bianchi

    http://double-bitcoin.freevar.com/bitcoin-double.cc/index.html the best program to earn WITH PAYMENT PROF

  • allen masagca

    https://btcpool.io/237635 this one works.. tried and tested. 0.045 btc will be yours in no time

  • Graham Smith

    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.

  • Snir Azulay

    Well I found free $6345a money making system that is really working:(just go to) greatworks.club/?gVpFW Great work...

  • charls bery

    My advice is not to enter the market without basic knowledge. Forex trading is a zero sum game. It’s complex, so you need math skills to understand the market trends and different algorithm. What a party wins, the other loses. So the competition is fierce here. But a good system well developed with high tech algorithm, So trade with the Top Secret Strategy by and make your balance double from here https://t.co/nxrVq1ATMa .

  • Humaizi Mukhtari

    *click for free register*:https://www.cryptominingfarm.io/signup/?referrer=5A48907483942

  • Plusz Limited International

    Make bitcoin - Be RICH - has never been easier than right now. Minig, Exchange, Double with us www.coinmarkethash.comBy investing with us, anyone can double their balance with relative ease. All it takes is bitcoin transaction and 48 hours of patience to see twice your original value returned to you automatically. Things don’t get much easier than that, as https://coinmarkethash.com is all about generating passive income for every investor. Anyone who has ever wanted to make money with bitcoin should take advantage of this golden opportunity. CoinMarketHash guarantees to double your bitcoin in 48 hours in a completely passive manner. Investment opportunities like these only come around once in a lifetime.CoinMarketHash© Copyright 2018 All Rights ReservedOne choice, Several Benefits & Great Opportunitieswww.coinmarkethash.com

  • بیت کوین استخراج بیت کوین جدید

    https://www.cryptolux.io/?sponsor=bcalimosavi

  • Wilson Joy

    On the way to success,it is important to understand that there’s no short way to it. Crypto trading is a process that was developed to better the economy. Invest your income weekly and get meaningful results . I trade with Mr Richards weekly. He takes a 20% commission after the profits have been made. Contact Richards00joe @gmail.com

  • pretty tesha

    since BTC is low now is better I continue earning BTC with the help of Mrs Amanda B Johnson miners,they are actually fast as I heard and confirmed.

  • sad saeed

    https://btconline.io/1220900

  • Kolby Kump

    https://www.cryptolux.io/?sponsor=kumpkustoms

  • Jones Lexx

    I don't buy bitcoin I extract bitcoin. I can help you extracts multiple bitcoins within 24 mining hours. Inbox or whatsapp +19043703712 or mail lexxj6310@gmail.com to get started

  • Rahul Mohite

    https://btcryptovideo.blogspot.com/2018/10/bitcoin-cash-bch-hard-fork.html

  • Car S

    So boring!!!!!!!!!!!

  • Ron tron

    For Me Bitcoin just doesnt seem a good viable option with Some 80 per cent of all bitcoins been held by less than 1,000 accounts, so this doesnt seem the basis for a new financial system in My eyes.

  • Anna Polenova

    Try making bets versus another players (PvP - player vs player) at Upwingo. Absolutely transparent binary option.

  • STEM 2 Productions

    any donation is appreciated, please helphere's btc address, thanks for helping.3BEkGr31AY2VmGRb1wrUDsAb2oRcj4AwKy

  • COLORADO CRYPTO-NAUT

    Good explanation. Have you heard of Elastos

  • David Ehidiamen

    Binary trading and bitcoin mining is highly profitable where 70% to 100% profit is guaranteed. Make your investment count now and start earning within 48hours and 7 days.#binary trading #bitcoin miningWhatsApp us on+60 11 2353 2597Via email jouffretsimpleoptions1001@gmail.com

  • cryptoAZ

    Still one of the better explanations

  • Vitor Leão

    You forget to talked about transactions "fee"The system depends on the miners to solve the math problems to keep the block chains updating.As more people are mining and less BTC are being generated to keep miners mining a transaction fee is charged. The fee will be divided between the miners that helped to solve the math problem.

  • Plusz Limited International

    https://www.youtube.com/watch?v=XM4tMyXFdLw

  • Masood Javaheri

    Get free Bitcoin from https://goo.gl/LSpxrA

  • Micheal Lopez

    are you just a beginner in crypto mining ?? Mrs Amanda B Johnson TV has the best/fasteminer as for now.

  • Mitty Yuuki

    Understanding this is really difficult for me. It was not meant to me. 😭

  • dhessie g

    Free token that you can trade for bitcoin or any cryptocurrency 100% legit. You can start trading without any money to invest, just invest your time to get the rewardsClick here• https://h3.bec.com/share?inviter_uid=1608834569&language=en

  • crypto miner

    DON’T MISS THIS! You can start EARNING AND DOUBLING YOUR BITCOIN DAILY at bitrearer .c om 💯🚀💰 Thank me later.😉

6 Bacteria with Awesome Superpowers
The Strongest Acids in the World
Universal Basic Income Explained – Free Money for Everybody? UBI
Top 10 Bitcoin Facts
Why Blockchain Matters More Than You Think!
Blockchain Expert Explains One Concept in 5 Levels of Difficulty | WIRED
The Best Documentary Ever - The Bitcoin Phenomenon
Bitcoin cash ‘CEO’: We won’t need banks anymore
The Terrifying Truth About Bananas
I'm A Teenage Bitcoin Millionaire
Warren Buffett: Bitcoin Is An Asset That Creates Nothing | CNBC
Is Mining on ASICs Worth It? - Mining Adventure Part 3
© 2018 Как начать — Майнинг monero, dash на nvidia как начать заниматься майнингом? Все материалы, размещенные на сайте cauchy.mobi, взяты из открытых источников (yandex.ru, google.com, youtube.com и прочих общедоступных ресурсов), принадлежат их владельцам и предоставляются исключительно в ознакомительных целях.