Ever wonder how Bitcoin (and other cryptocurrencies) actually work?
Bitcoin explained from the viewpoint of inventing your own cryptocurrency. These in-depth videos are made possible by patreon: ...
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What does it mean to *have* a Bitcoin? Many people have heard of Bitcoin that it's a fully digital currency with no government to issue it; and that no banks need to manage accounts and verify transactions; and also that no one really knows who invented it. And yet, many people don't know the answer to this question, at least not in full. To get there, and to make sure that the technical details underlying the answer actually feel motivated, what we're going to do is walk through step by step how you might have invented your own version of Bitcoin. We'll start with you keeping track of payments with your friends using a communal ledger. And then, as you start to trust your friends and the world around you less and less, and if you're clever enough to bring in a few ideas from cryptography to hel...
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What does it mean to *have* a Bitcoin? Many people have heard of Bitcoin that it's a fully digital currency with no government to issue it; and that no banks need to manage accounts and verify transactions; and also that no one really knows who invented it. And yet, many people don't know the answer to this question, at least not in full. To get there, and to make sure that the technical details underlying the answer actually feel motivated, what we're going to do is walk through step by step how you might have invented your own version of Bitcoin. We'll start with you keeping track of payments with your friends using a communal ledger. And then, as you start to trust your friends and the world around you less and less, and if you're clever enough to bring in a few ideas from cryptography to hel...
