Bitcoin White Paper Explained (Simplified and Visualized)

Get 30 days FREE of audiobooks and podcasts on Audible → https://amzn.to/3Gph77y What is Bitcoin? What is double spending? With its sudden rise in value, Bitcoin is a hot topic right now. But what is it? Is it valuable? And how can someone participate in the Bitcoin phenomenon? In this video, we are going to answer these questions. You are free to read the Bitcoin white paper written by Satoshi Nakamoto. OR you can watch this 17-minute video where I summarize it. Additionally, since Dogecoin right now has the whole world talking about crypto. It's actually a copy of Bitcoin, except that Dogecoin doesn't have a supply cap (which makes it not that sound of an investment). Just like Bitcoin, Dogecoin still involves proof-of-work which I explained in this video. To understand Dogecoin is to also understand Bitcoin. My Gemini referral link to purchase Bitcoin: https://gemini.com/share/6ax6a5te We will both get $10 USD worth of Bitcoin when you trade $100 USD in 30 days. Link to the Bitcoin white paper by Satoshi Nakamoto: https://bitcoin.org/bitcoin.pdf Timestamps (for the impatient ones) 00:00 Bitcoin White Paper Outline 1:37 Part 1 - Introduction 4:42 Part 2 - Transactions 6:17 Part 3 - Timestamp Server 6:57 Part 4 - Proof-of-Work 9:48 Part 5 - Network 12:05 Part 6 - Incentive 13:52 Part 7 - Reclaiming Disk Space 14:16 Part 8 - Simplifying Payment Verification 14:36 Part 9 - Combining and Splitting Value 15:00 Part 10 - Privacy 15:50 Part 11 - Calculations 16:10 Part 12 - Conclusion Want to support my channel? - - venmo.com/u/UrbanCaffeine Need an introduction to NYC? Start with these videos: - Guide to the New York Subway = https://youtu.be/9fL5etTRZzU - Intro to New York City = https://youtu.be/Wv2L6oe9pAA - Manhattan Street Grid System = https://youtu.be/4YiqZdk0c8Q - Lower Manhattan / Downtown Manhattan = https://youtu.be/DgZ2gavrtL0 - Midtown Manhattan = https://youtu.be/0lgM4gQVZHA - Upper East Side = https://youtu.be/4droS3UkJp0 - Upper West Side = https://youtu.be/53klXAzqhKc ––––––––––––––––––––––––––––––––––––––––– CONTACT INFO instagram.com/urbancaffeineYT [email protected] #urbancaffeine #nyc