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
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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
  • Latest Movies

    Contact me for own cyrptocurreny. Looking for partner in United States

  • عبدالرحمن الزمر

    https://tinyurl.com/y77jupo3I soon discovered ...The “elite” of the Crypto business was cornering the market and was deathly afraid of this GETTING OUT. AND because of that ...You may never see this newsletter again. If you EXIT the page.Ordinary people just like you are making up to $10,000 a week in Cryptocurrency or even more...It's next in line of game-changing innovations that transform the world making billionaires out of thin air. First, it was computers. Then the internet. Now its Cryptocurrency and block chain. Have a look at some of the early investors who got in the game early who are making fortunes daily ...https://tinyurl.com/y77jupo3

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  • Cyril Bianca

    My credit score increased from 542 to 611 under 48 hours. Initially, I was referred to teeceyberworld at gmail via QUORA, so I did give a chance, and here I am. I am gaining my feet finally from car loans and credit reports which came late, hence affected me. I hope I save someone from fallen victim to some self proclaimed and deceitful hackers.

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    30,000 satoshi every day try it guys https://goo.gl/BmD6PD

  • Tim Mario

    https://cardanopays.com/?ref=Bitballer this is a better way to invest btcs

  • Alex Life

    I have watched 100 videos about bitcoin/blockchain and STILL not understanding 🤐😒

  • puss48

    bit coin is so famous but who created it is a mystery

  • Thomas Khanh

    Bitcoin and Ethereum has and is still  making a lot of people "stupid rich"  $10(ten dollars) seven years ago is now worth $7.5 million in bitcoins today.  And $100(hundred dollars) in Ethereum has increased to as high as $66,290 in under two years! The trend is on a daily increase,  worldwide, investors in crypto and digital  currencies are getting rich daily, I personally have invested in bitcoin and Ethereum. And I've collected bigger gains investing these coins than in anything else in my life. For example, I bought bitcoin twice, last year and early this year, 10 coins at $83.40. And 20 more at $128. Today my 20 coins trade nearly 24 times higher . And I also bought Ethereum last November at $9.70... before it rocketed to $355! I was up over 3,500%. But here is the thing nobody is talking about, bitcoin and Ethereum aren't the real success stories anymore. It's the smaller and unpopular new digital currencies that are rewarding investors with the next round of huge wins. For example , I recently obtained 27,000 coins in a tiny new digital currency for just 18.5 cents per coin. Those coins now trade for around $4 each- 1,981% higher. And I invested in another one that's jumped from $1.50 to $10.71. Yet this opportunity is just getting started, today I'll show you the new digital currencies that can turn as little as $10 into over $1million. in the blink of an eye. Yes, that's right. a single crispy $10 bill could make you a millionaire. now for the doubters, not only is it possible, it's actually happening right now, a considerable number of  investors worldwide have seen gains of 75,063% in Cryptonite, 59,577% in InfluxCoin, 60,450% in MaxCoin, and even 823,750% in DubaiCoin! Tiny new digital currencies are offering profits far bigger than bitcoin and much more quickly,  I've personally made over 600% in one digital currency more than 1,981 in a second and over 3,500% in another, and I expect to make a whole lot more. Digital currencies is now one of the online investments where you can start with $10 and turn that into real money fast. CNBC did a story about a high school dropout who bought some bitcoin at $12 and is now a millionaire. also top investors worldwide are going all in on the new digital currencies. Now this is what you guys should know . A new set of  coins are being launched now that could help you turn as little as $10 into over $1 million. I've never seen profit opportunities like this before in any market and at anytime. For example, in one recent week 23 separate digital currencies doubled in value. By comparison, the S&P 500 hasn't seen a single stock double yet this year. But only those who recognize the opportunity right now will see the fast profits. I first got in on Bitcoin at $83.40 and $128... only to watch it soar to over $2,000. But now I've turned my attention to the new digital currencies. For example; I invested in ANTSHARES earlier this year and at the time it was trading for just $1.50 but I watched it climb to $10.71 in less than a month. I invested in tiny new digital currencies of 12 coins and I cashed out 12,000 at $3.50 but still hold the rest... nearly $100,000 in total. There are now dozens of small digital currencies trading for just a few cents that are moving up dramatically over very short periods; like Asch traded for few cents at first but in less than 3 months $100=$,570. NolimitCoin traded for few cents but now $100=5,348 in 6 days. MediterraneanCoin traded for few cents but now $100=8,313 in 3 months, the list is endless, I will stop here so I don't bore you guys, but it is sure worth your time. in case you are interested in venturing into investing in Crypto and Digital Currencies, or perhaps you are trading them but you don't understand what you are doing, feel free to message me through email and I will be sure to guide and assist with any information you may need to invest in  these new and unpopular  crypto and digital currencies that are making waves at the moment.Email me: (Thomaskhanh7@gmail.com) or Hangout:: Thomaskhanh7@gmail.com

  • Shovelware

    Worst en explanation ever.

  • My name IS

    To use Bitcoin is to be free.

  • Marge onthat

    The crap (brand/generic) name is a real turn-off ! Who uses it ? Swiss Gnomes !

  • Jaylocs

    I still don’t get it

  • Anthony G

    People buy cryptos hoping to sell to someone else at higher price.

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  • FaMulan

    Knowledge really is power. Here's a REAL ACTUAL WORKING tip. Join a Farm and Mine Bitcoins

  • Ceasar Nunez

    I’m a simple guy. Here’s a $1 for my AMPM soda. Give me my .1 cent change

  • Kimmaline

    I watched an entire documentary on Bitcoin and learned less than I did in this SciShow.You guys rock.

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    https://bo.criptonbit.com/register/8209cb2bl87g0i Registered here 👆👆

  • Thunder Maruf

    off-topic hello everyone , here im talking about a new cryptocurrency which is THUNDERSTAKE (TSC) . TSC PoS staking rewards: 900% APR fixed, every block number dividable by 10 is a superblock with double APR (1800 %) .we have made products with TSC logo which you can buy from our website with TSC coin as payment. TSC is live on 5 exchanges, Cyptobridge,mercatox,Stokes.exchange, bitrex and escodex .here is our website link https://thunderstake.com . you can get everything from here . have a look .

  • syed ali

    People are glad that Bitcoin is free of every government authority, but that could let scammers steal people's money easier.

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    free ledge nanos ----> https://promo.nimiq.com/

  • Pija Taba

    When he said " abt 12 bitcoins will be generated out of thin air as a reward to the block creator", well doesnt that sound like video game?😂

  • ToniChi

    So where and how can I use it base on your explanation?

  • T-Jin [Crypto]

    Free bitcoin hourly here... legit stuff btw! Like and subscribe to my channel <3https://www.youtube.com/watch?v=I76y7WNcPA0

  • Bruce Roeland

    https://Rentminer.net/?ref=5b72e3e5a10ce legits site

  • Alvaro Acwellan

    So miners do something sensible beside dumping a huge amount of low entropy energy into haphazard information and heat - they keep this monetary system running.I'm pretty concerned by the ever increasing size of the block chain - if it aims to be the (a) currency of the future it'll need to prevent millions of computers wasting huge amounts of CPU time (and pumping out tons of CO2 into the atmosphere) while carefully munching through insane heaps of guano, oops, I mean data, that has accumulated since the early 21st century, every time you buy a sandwich.

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  • Adam Roshak

    Yeah I’ll just stick to gold

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    Send some bitcoin to subscribe 1J6v45jG9caHeYEbbijxTEZrLRTeCSrVUe

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    It's quite easy to earn profits but most people don't know the steps to take in other to achieve their goals but with an expert trader like myself (I'm one of the best trader in Texas) I can guide you through the process and make sure the sky is your limit to your financial freedom  [Inbox me for more information] connect with me on (medithgarza68@gmail.com). Thanks.

  • jarje schatz

    i dont really have to know what bitcoin is just like i dont have to know how banks work. I just need to know my private key

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    What a fluent teacher ! Thank you !!!

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    If you want a more in depth view to make profit off of cryptocurrencies check out this site https://bit.ly/2NXxkVBIt helped me in my success!

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    Recover your lost or stolen Bitcoins with Teecyberworld at gmail; TBC, ETH and any credit card loan repayments. If you are also interested in Bitcoins mining, Tee Cyber proved to be #1 according to several reviews I came across via QUORA and Google + !!! Teecyberworld at gmail !!!

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    Everybody needs to watch this.. Nice Video!

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    https://www.thebestbitcoinfaucet.com/?refid=74052

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    Refer this app for more information https://play.google.com/store/apps/details?id=com.digitattva.theblockchainstory

  • KalElKryptonsFinest

    Thats the most comprehensive explanation I've heard yet.

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  • Kris Garcia

    I recommend Belaska Limited Investment, e legit trading company for cryptocurrencies.

  • chococookie Lord

    2:34 the guy that cheated was Romanian!!!!

  • Carl'z

    https://www.youtube.com/watch?v=_F3xLO5EEqM

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  • Drift 42

    My personal best video of all time

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