The following post by aabasov is being replicated because the post has been silently removed. The original post can be found(in censored form) at this link: np.reddit.com/ Bitcoin/comments/7zj5i6 The original post's content was as follows:
Came across this video on blockchain technology. Very interesting for beginners - dwindly.io/nRQNcV
Can any of the BU/big block supporters here explain how it is that scaling on-chain is the way to keep bitcoin decentralized long term?
It seems to me, that the only way to achieve Visa levels of transaction capacity on-chain (which will never be instant btw) is to have Visa sized companies run nodes. And if all nodes are controlled by big miners, Visa, governments, big banks, and tech giants - then bitcoin is no longer decentralized and creating it was a complete waste. I also think aiming for Visa levels of capacity is also really undershooting where bitcoin needs to eventually be, but that's probably not really important at the moment - I think we can all agree that a lot more capacity is needed.
02-06 21:24 - 'I doubt bitcoin will die, but I think other every fork will die. I just read the Ethereum white paper for example. Notice how they gloss over the fact that they changed the format of the block chain. They explain that it's dif...' by /u/theFoot58 removed from /r/Bitcoin within 2-12min
''' I doubt bitcoin will die, but I think other every fork will die. I just read the Ethereum white paper for example. Notice how they gloss over the fact that they changed the format of the block chain. They explain that it's different (hence the need for a hard fork, i.e. they want in on the ground floor of the crypto bonanza), but they never explain WHY they decided to change the format???? Everything else in that white paper seems doable with the existing satoshi base. Smart contracts seem to be implemented with a transaction hook (UTOX???) that exists in satoshi. All they say about the different blockchain format is 'Ethereum blocks contain a copy of both the transaction list and the most recent state.'. OK great , WHY????? They don't say! Then they spend a paragraph explaining why it "shouldn't be that bad" WRT scalability and performance, WTF! If they are trying to improve on a technology that, now that it's clearly in production and well tested, has scalability issues, why would they do something that might impact scalability, and not give the reason WHY? None of this is making sense to me. ''' Context Link Go1dfish undelete link unreddit undelete link Author: theFoot58
Something bitcoin could use... high quality motion graphics videos explaining all the basics to the public, w/ charts, visualization of the live block chain, etc.
I love the talks on YouTube from people like Andreas explaining Bitcoin and why we should be excited. I think I speak for quite a few people though when I suggest there's an audience for nicely made motion graphics vids. This one by Duncan Elms, "Bitcoin Explained," is fantastic -- but the numbers are massively out of date now ($76 per coin, I wish) and it focuses too much on outdated info. He doesn't look to be active on twitter any more, but if anyone can reach him an updated version would be awesome.
How to explain Bitcoin and the blockchain to newbs?
Hi everyone, so I have tried to explain bitcoin and the blockchain to my family but they still seem not to get it. So is there a very good and thorough beginners 101 bitcoin video that I can show them, so they would understand me better? Would help alot :)
Blockchain explained for dummies Blockchain is a network of computers (called nodes) that all have the same history of transactions, validated by every new computer that wants to be part of the ... Obwohl die ursprüngliche Blockchain zur Verwaltung von Bitcoin dienen sollte, können natürlich andere virtuelle Währungen, wie Ether, verwendet werden. Warum muss ich wissen, was Blockchain ist? Es gibt drei Gründe, warum Sie Blockchain kennen müssen: Blockchain-Technologie muss nicht öffentlich existieren. Sie kann auch privat existieren – wo Knotenpunkte einfach Punkte in einem ... Buying crypto like Bitcoin and Ether is as easy as verifying your identity, adding a payment and clicking "Buy". Sign up for our Wallet today. Create Wallet. Trade Crypto at the Exchange. Integrated with the Blockchain Wallet, our Exchange is a one-stop shop where you can deposit funds and place trades seamlessly in minutes. Get Started . Dive Deeper. Buy Crypto. Bitcoin $ USD. Your Email ... Blockchain Technology Explained: Powering Bitcoin. Nermin Hajdarbegovic. As a veteran tech writer, Nermin helped create online publications covering everything from the semiconductor industry to cryptocurrency. SHARE. Read the Spanish version of this article translated by Marisela Ordaz. Microsoft recently became the latest big name to officially associate with Bitcoin, the decentralized ... Photo by Dmitry Demidko on Unsplash Bitcoin is the world’s first and most popular digital currency. It is decentralized and controlled by no one. How does it work, and why can you trust it? After all, if computers can copy any file, why can’t I just make copies of my bitcoins? And if it is […]
Bitcoin explained: How do cryptocurrencies work? - BBC ...
https://www.youtube.com/watch?t=50&v=1DdXB4n60aw Invest in altcoins with reduced risk of total losses at http://colecta.net Colecta _____... Blockchain, the key technology behind Bitcoin, is a new network that helps decentralize trade, and allows for more peer-to-peer transactions. WIRED challenge... Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube. In this lab we will look at the block chain real time. We will look at the genesis block, the first bitcoin block ever mined on the network and we will see what the transactions in the block look like Baffled by bitcoin? Confused by the concept of crypto-currencies? Well, fear no more. In 190 seconds we explain what bitcoin actually is, where the idea came...