Movie from Ep. 250 What Is Bitcoin & How Does It Operate? (w/ Andrei Jikh)

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Impaulsive is a sizeable split from the usual written content viewers have occur to be expecting from the vlog channel & we could not be a lot more very pleased and thrilled to look at this unfold and expand. Remember to be recommended that we will be discovering a wide selection of matters (some adult-themed) and our young viewers (and their mother and father) need to be recommended that some subjects will be for experienced audiences only.

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    Bitcoin is a cryptocurrency invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto and started in 2009 when its implementation was released as open-source software.

    It is a decentralized digital currency without a central bank or single administrator that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries. Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain. Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies, products, and services. Research produced by the University of Cambridge estimates that in 2017, there were 2.9 to 5.8 million unique users using a cryptocurrency wallet, most of them using bitcoin.

    The domain name "bitcoin.org" was registered on 18 August 2008. On 31 October 2008, a link to a paper authored by Satoshi Nakamoto titled Bitcoin: A Peer-to-Peer Electronic Cash System was posted to a cryptography mailing list. Nakamoto implemented the bitcoin software as open-source code and released it in January 2009. Nakamoto's identity remains unknown

    Read on: https://payhip.com/b/t0ik

  3. the best bitcoin explanation out there, i literally gonna use this if someone asks me, brilliant.

  4. Wow he took it wayyyy back but he explained it really well!
    Excited to see where crypto takes us

  5. Thanks for this great video it has been helpful to us. Life could be easier if we meet the right people, investing as a beginner you need a sincere professional broker like Mrs Kramer Rosalina who would guide you in making huge profits.

  6. I would watch more Andrew Jikh if this was the Andre that was more on his YouTube videos.

  7. Then why are there all these cryptos if the point of crypto is that of having only one currency?

  8. So once bitcoin is hypothetically adopted and the is a universal currency adopted by first world countries, what happens to everyone else on earth? The literal 80% of the earth's population will be left behind. This won't work exactly how he is saying it will, but I'm not saying virtual currency won't be adopted and coexist with physical money.

  9. He didn't really say what BITCOIN is just what to the concept of it is…..or am I missing something?

  10. its BS cuz banks can ban btc like they do all over, for example some banks banned coinbase transers in UK, u cant withdraw to fiat. Visa did and can ban it, they can make it u wont change it to fiat, except u do OTC

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  12. I guarantee he hated being on here with these morons, they interrupt him every 10 seconds trying to be funny. So cringe

  13. Hey guys, you can mine and earn Bitcoin just by browsing the web and watching videos. It's cross platform and easy passive income. Check it out Cryptobrowserpro. net

  14. Bitcoin's run to highs above $23,000 further allowed it to fill in empty spaces on the stock-flow-model. Prior to that at just below$20,000 BTC/USD was infact underperforming compared with the model's demand. As coin-telegraph reported however,even in November, Bitcoin was already beating it's performance from the 2016 halving. Stock-to-flow's various incarnation call for a Bitcoin price of anywhere between$100,000 and $576,000 by the end of the current halving cycle in 2024
    BTC/USD exactly hit the original model's daily prediction -$23,845- on Friday.
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