Finally, the moment we’ve all been waiting for: let’s talk Bitcoin. In this video we’ll go over what Bitcoin is, why it’s so revolutionary, how it works, and how you can use it!
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13 Comments
The other cryptocurrencies that aren't Bitcoin are known as "altcoins".
What's the background track you are using? its awesome!
Thanks
The story of Bitcoin goes much deeper than what is here. This is the Wild West of technology and things aren't always what they seem. Although Bitcoin (also known as BTC) was touted as a tool to bring freedom to banking, its technological base has been completely crippled as the BTC network is unable to keep up with the number of transactions people are throwing at it. The current limit of BTC is 500,000 transactions per day. And the developers absolutely do not want to raise this limit. 500K may seem like a lot, but this is the equivalent of if every coffee shop on the planet started selling ONE cup of coffee every MONTH. Would this bring freedom from the tyranny of, say, Starbucks??
The developers of BTC have gotten this into their heads that 500K transactions in a world with 8,000,000,000 people is good enough (thats less than 0.01% of the transactions needed). The argument has gone so deep that Bitcoin split in late 2017 and Bitcoin Cash (BCH) was born out of Bitcoin (BTC). The Bitcoin Cash side of things works exactly like Bitcoin except this community believes that we need to increase bandwidth to eventually serve the entire planet.
Come and ask your questions on https://reddit.com/r/btc
Whaddaya say we leave the dull attempts at humor out of future videos, eh?
It's run by a group of people…hmmm…who exactly are these people? :)..Well,if transactions are still charged then it is not a direct transaction it is still the third parties in there just maybe better than banks but we still talk about 3 parties here and not just 2…
He nearly never blinked oO
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Good video but I found your hand gestures to be distracting, you were using/doing these way too much here. Otherwise good though, thanks!
Ok, I can use it on Amazon but…how?
Great video for beginners. Thanks!