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Bitcoin: A Peer-to-Peer Electronic Cash System [Whitepaper Reading]
 
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Have you ever read Satoshi Nakamoto's whitepaper for Bitcoin? Or has it been awhile? Amanda presents the paper here as a reading, including a running visual of its text and graphics. Check out our new channel! http://youtube.com/dashorg Connect with us! [website w/ RSS feed] http://TheDailyDecrypt.com [tweets] http://twitter.com/TheDailyDecrypt [facebook] http://facebook.com/TheDailyDecrypt [subreddit]: http://reddit.com/r/TheDailyDecrypt [audio-only feed]: http://henq.duckdns.org/podcast/feed.xml Wanna sponsor a show? http://thedailydecrypt.com/Sponsorship Sponsor: BTC subreddit: http://reddit.com/r/btc Show link: Bitcoin whitepaper: http://nakamotoinstitute.org/bitcoin Music: 'Shine a Light' by Wolf Parade: https://www.youtube.com/watch?v=Kh8-r6O43Rw
Views: 5030 Amanda B. Johnson
(Audiobook) The Original Bitcoin White Paper by Satoshi Nakamoto
 
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Donations greatly appreciated! Bitcoin: 1KdkeDArSd5LVaLVh9WePaHqB9yHLaKPfv I worked very hard to create this interactive audiobook format and graciously appreciate Bitcoin donations. After wanting to read the original Bitcoin Whitepaper, I discovered there wasn't a good audiobook version of it with graphs and formulas. So I went ahead and made it, using a slower reading speed so a viewer can try and take it all in. I have no affiliation with bitcoin.org or Satoshi Nakamoto. Download the original whitepaper here. http://bitcoin.org/bitcoin.pdf From wikipedia.... In November 2008, a paper was posted on the internet under the name Satoshi Nakamoto titled Bitcoin: A Peer-to-Peer Electronic Cash System. This paper detailed methods of using a peer-to-peer network to generate what was described as "a system for electronic transactions without relying on trust". In January 2009, the Bitcoin network came into existence with the release of the first open source Bitcoin client and the issuance of the first bitcoins, with Satoshi Nakamoto mining the first block of bitcoins ever (known as the "genesis block"), which had a reward of 50 bitcoins. The value of the first bitcoin transactions were negotiated by individuals on the bitcointalk forums with one notable transaction involving a 10,000 BTC pizza. "Satoshi Nakamoto" is a pseudonym for the unknown person or people who designed the original Bitcoin protocol in 2008 and launched the network in 2009. Nakamoto was responsible for creating the majority of the official Bitcoin software and was active in making modifications and posting technical information on the BitcoinTalk Forum.[73] I apologize in advance for the few wording mistakes. I tried to notate most of them.
Views: 38663 Bitcoin WhitePaper
Bitcoin A Peer to Peer Electronic Cash System by Satoshi Nakamoto
 
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http://www.1MillionBitcoin.com - BILL GATES - NOBODY CAN STOP BITCOIN | Bitcoin Is Unstoppable What is Bitcoin? Watch this video: https://www.youtube.com/watch?v=rOlIUwYj2r8&t=7s
Views: 205 Success Guider
A Must-Read (or Listen!): Satoshi Nakamoto's Bitcoin Whitepaper
 
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🚀 Get the iPhone App! ► http://cryptoyum.com ★ Everyone must read Satoshi Nakamoto's seminal work on Bitcoin: A Peer-to-Peer Electronic Cash System... or if you haven't, I can read it for you. Follow along as well: https://bitcoin.org/bitcoin.pdf // GET STARTED 🚀 Become a Cryptonaut - Support us on http://patreon.com/pub 💻 Join us at the PUB! - http://thebitcoin.pub 🔑 Sign up for our Decentralized Newsletter - https://dctv.co/dctv-news // WE DO SOCIAL 📔 Twitter - https://dctv.co/dctv-twitter 📔 Facebook - https://dctv.co/dctv-fb 💻 Google+ - https://dctv.co/dctv-googleplus ✏️ LinkedIn - https://dctv.co/dctv-linkedin Note: This is not financial advice as all investing is speculative. Have fun and good luck!
Views: 11588 Decentralized TV
Satoshi Nakamoto White Paper (Peer-to-Peer Electronic Cash System)
 
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Satoshi Nakamoto White Paper propose a solution to the double spending problem that our current electronic payment system uses. Free download: https://goo.gl/FA2o7R
Views: 35 Bitcoin Lucid
The Original Bitcoin White Paper by Satoshi Nakamoto
 
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Stefan Molyneux reads the original Bitcoin white paper by Satoshi Nakamoto. The True Value of Bitcoin: What You Really Need To Know https://www.youtube.com/watch?v=Cs6F91dFYCs The Truth About Bitcoin http://www.youtube.com/watch?v=w4HGVJjqDVk Bitcoin vs. Gold: The Future of Money - Peter Schiff Debates Stefan Molyneux http://www.youtube.com/watch?v=mFcTJAQ7zc4 The Original Bitcoin White Paper: http://bitcoin.org/bitcoin.pdf Freedomain Radio is 100% funded by viewers like you. Please support the show by signing up for a monthly subscription or making a one time donation at: http://www.fdrurl.com/donate Get more from Stefan Molyneux and Freedomain Radio including books, podcasts and other info at: http://www.freedomainradio.com Amazon US Affiliate Link: www.fdrurl.com/AmazonUS Amazon Canada Affiliate Link: www.fdrurl.com/AmazonCanada Amazon UK Affiliate Link: www.fdrurl.com/AmazonUK Freedomain Radio Facebook: http://www.fdrurl.com/fb Freedomain Radio Twitter: https://twitter.com/freedomainradio Freedomain Radio Google+: http://www.fdrurl.com/google Freedomain Radio LinkedIn: http://www.fdrurl.com/LinkedIn
Views: 41457 Stefan Molyneux
Bitcoin: A Peer-to-Peer Electronic Cash System - Mateusz Mrowiec (CS Nerdz #2 - 31.07.2018)
 
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Talk from second meeting in #PapersWeLove formula organized by Functional Miners meetup called Computer Science Nerdz. This time we talk about: A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution. About Mateusz: Mateusz Mrowiec is a full-stack powerhouse. A supporter of Linux and the open-source movement. Interested in computer graphics and distributed systems. Hacker, tinkerer and a dad. Raising a future hacker. Loves hackathons, gaming, game development, and music. Never creates bugs... only features.
Views: 29 Functional Miners
Bitcoin: A Peer-to-Peer Electronic Cash System
 
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This lecture covers the following topics: Overview of Peer-to-Peer Electronic Cash System Transactions Timestamp Server Proof of Work Steps to run the network Incentive Reclaiming Disk Space Simplified Payment Verification Combining and Splitting Value Privacy Calculations
Views: 247 Distributed Systems
Eric Scrivner on Bitcoin: A Peer-to-Peer Electronic Cash System
 
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This month Eric Scrivner (@etscrivner) presented Bitcoin: A Peer-to-Peer Electronic Cash System --- Bitcoin is many things - a critique, a currency, a protocol, and perhaps even acontemporary industrial revolution. More immediately, however, bitcoin and theoriginal paper that spawned it are of interest to the working programmer as astudy in the design of fault-tolerant, decentralized systems. Beginning fromthe crtique of trusted third parties we will see how bitcoin provides novelstarting points for system architecture in the age of increasingly cheap andubiquitous computing power, as well as speculate about what all this mightentail for the future. Additional Reading / Context For The Paper: * Shelling Out -- The Origin of Money (Nick Szabo) http://szabo.best.vwh.net/shell.html * Trusted Third Parties Are Security Holes (Nick Szabo) http://szabo.best.vwh.net/ttps.html * Bitcoin isn't money, it's the internet of money (Eli Dourado) https://theumlaut.com/2014/01/08/bitcoin-internet-of-money/ * The Byzantine General's Problem (Lamport, Shostak, and Pease) http://research.microsoft.com/en-us/um/people/lamport/pubs/byz.pdf * bmoney http://www.weidai.com/bmoney.txt --- Huge thanks to Dollar Shave Club for sponsoring us this month. Meetup: http://www.meetup.com/Papers-We-Love-LA/events/224423506/ Paper: https://bitcoin.org/bitcoin.pdf
Views: 752 PapersWeLove
Bitcoin: A Peer to Peer Electronic Cash System
 
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Bitcoin, Bitcoin History, Blockchain & Satoshi Nakamoto
Views: 49 The Life of Meme
Bitcoin: A Peer-to-Peer Electronic Cash System Part 5
 
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Bitcoin: A Peer-to-Peer Electronic Cash System Part 5 http://www.financial-spread-betting.com/academy/bitcoin.html PLEASE LIKE AND SHARE THIS VIDEO SO WE CAN DO MORE! Moving to a Peer to Peer Electronic Cash system. Electronic or Digital Currency: Moving to a Cashless System. What is Bitcoin - the Internet of Value - Central banks may eventually create a purely digital currency issued to it’s citizens - It may not be completely transparent - Balances may only be recorded on bank balance sheets - This will probably give even more power to governments and institutions (you won’t be able to withdraw money as physical cash) - If the government decides it doesn’t like you (perhaps for political reasons) – it could simply switch off your account and remove your money Remittance fees - Transfer of money across the world - Information can be transferred quickly across the world using the internet - Credit / debit card fees of 1-3% charged to the merchant (extra if used in foreign countries) - Transfer of money can still be costly and time consuming (up to 12 days) especially for micro-transactions - International payments through a bank-to-bank transfer requires submission of various information (SWIFT, IBAN, BIC codes, forex fees, etc.) - One-off payments more than $1000 USD - $50 / 100 fee is bearable - For a small job of e.g. $50-200 USD – maybe not worth doing!!! Western Union transfers (card to cash) can cost more than 10% - Approximately 2.5 billion people in the developing world you do not have access to banking services Web 3.0 – Internet of value Bitcoin is two things: - A protocol – an agreed system by which information is shared across a network - Unit of money: It can be divided down to eight decimal places .00000001 = 1/100,000,000 = 1 Satoshi Think about what: - Email did to postal service - Internet did to newspapers, publishing, music, television (aspiring journalist can publish on the web for free)
Views: 287 UKspreadbetting
Satoshi Nakamoto
 
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On November 1st, 2008, a 9-page whitepaper found its way online. Titled "Bitcoin: A Peer-To-Peer Electronic Cash System," the whitepaper's author clearly articulated their goal to create a decentralized digital currency. The only catch was: this author, named "Satoshi Nakamoto," was a complete unknown. Whoever they were, they had registered a domain for "bitcoin.org" in August of that year, and the publication of this whitepaper predated the official launch of Bitcoin by a mere two months. In the decade since, Bitcoin has grown to be the world's leading cryptocurrency. However, its founder remains a complete enigma, despite becoming one of the wealthiest individuals in the entire world... Written, hosted, and produced by Micheal Whelan Special thanks to the host of the podcast Swindled for their participation Learn more about this podcast at unresolved.me If you would like to support this podcast and others, consider heading to patreon.com/unresolvedpod to become a Patron Music Credits Vitus Von Degen - "Black Gloves" ROZKOL - "To the Water's Edge" Chris Zabriskie - "Air Hockey Saloon" ROZKOL - "Happiness, Free, For Everyone, and Let No One Be Forgotten" Chris Zabriskie - "Oxygen Garden" Graham Bole - "Nae Shaam" Artem Bemba - "Respiratory Waves" BOPD - "New England is Interesting" ROZKOL - "Cold Breath in the Alleyway" Blear Moon - "Cold Summer Landscape" ROZKOL - "Turn the Whole World to Rust" Ailsa Traves - "Unresolved Mysteries"
Views: 1282 Unresolved
Virtual Currencies - Bitcoin
 
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Transcript - http://compositionawebb.pbworks.com/w/page/95769578/Virtual%20Currencies%20-%20Bitcoin Correction to the video Satoshi Nakamoto's white paper was released in 2008 References and more information on Bitcoin “Bitcoin: A peer-to-peer electronic cash system” by Satoshi Nakamoto, 2008 “History of Bitcoin: The world's first decentralized currency” by bitcoinvphosting.com “An abridged history of Bitcoin” by the New York Times, nytimes.com “A brief history of Bitcoin – and where it’s going next” by Nathan Jessop, thenextweb.com, Mar 25, 2015 “The definitive history of Bitcoin” by Jeff Desjardins, visualcapitalist.com, Feb 13, 2014 “History of Bitcoin: Mainstream or marginalized? Bitcoin today” by Quinten Plummer, techtimes.com, Dec 26, 2014 Bitcoin core version history by bitcoin.org, 2015 “An illustrated history of Bitcoin crashes” by Timothy B. Lee, forbes.com, April 14, 2013 “What is Bitcoin and how does it work? | Mashable explains” by mashable on YouTube, Feb 10, 2014 “The rise and fall of Bitcoin” by Benjamin Wallace, wired.com, Nov 23, 2011 Bitcoin price index chart at coindesk.com BTC/USD - Bitcoin US dollar – Historical data, investing.com “10 Physical Bitcoins: The good, the bad and the ugly” by Nermin Hajdarbegovic, coindesk.com, Sept 14, 2014 “Getting started with Bitcoin” by bitcoin.org, 2015 “How does Bitcoin work?” by bitcoin.org, 2015 “What are Bitcoin mining pools?” by coindesk.com, Mar 10, 2014 “Mining pools” by bitcoinmining.com The rise and rise of Bitcoin documentary by Nicholas Mross, 2014
Views: 78 adam webb
Bitcoin A Peer to Peer Electronic Cash System
 
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Final Project for the Advanced Operating System. Explanation of the paper "Bitcoin A Peer to Peer Electronic Cash System" written by Satoshi Nakamoto. The paper can be found here: https://bitcoin.org/bitcoin.pdf
Views: 17 Smit Modi
ИСТОРИЯ БИТКОИНА (2008) : САТОШИ НАКАМОТО, ШИФРОПАНКИ, ПЕРВЫЙ ТЕСТ
 
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В этом ролике вы узнаете все, кто такой сатоши накамото, кто такие шифропанки, как проходил первый тест биткоина и все самые интересные и исторические моменты. Bitcoin: A Peer-to-Peer Electronic Cash System by Satoshi Nakamoto https://bitcoin.org/en/bitcoin-paper Ответы Сатоши Накамото о Биткоине https://bitcointalk.org/index.php?topic=13.msg46#msg46 _________________ Вся информация по курсу "Блок за Блоком" - Телеграм - https://t.me/bloczablock - Вконтакте - https://vk.com/blockzablokom Telegram для связи - @gestaltless _________________ Реклама / Advertisement: VK: https://vk.com/timka_kapustin TG: http://t.me/noparalol
Views: 2342 BrainMiners
Bitcoin White Paper Satoshi Nakamoto
 
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Bitcoin: A Peer-to-Peer Electronic Cash System Satoshi Nakamoto satoshin@gmx.com www.bitcoin.org Abstract. A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution. Digital signatures provide part of the solution, but the main benefits are lost if a trusted third party is still required to prevent double-spending. We propose a solution to the double-spending problem using a peer-to-peer network. The network timestamps transactions by hashing them into an ongoing chain of hash-based proof-of-work, forming a record that cannot be changed without redoing the proof-of-work. The longest chain not only serves as proof of the sequence of events witnessed, but proof that it came from the largest pool of CPU power. As long as a majority of CPU power is controlled by nodes that are not cooperating to attack the network, they'll generate the longest chain and outpace attackers. The network itself requires minimal structure. Messages are broadcast on a best effort basis, and nodes can leave and rejoin the network at will, accepting the longest proof-of-work chain as proof of what happened while they were gone. 1. Introduction Commerce on the Internet has come to rely almost exclusively on financial institutions serving as trusted third parties to process electronic payments. While the system works well enough for most transactions, it still suffers from the inherent weaknesses of the trust based model. Completely non-reversible transactions are not really possible, since financial institutions cannot avoid mediating disputes. The cost of mediation increases transaction costs, limiting the minimum practical transaction size and cutting off the possibility for small casual transactions, and there is a broader cost in the loss of ability to make non-reversible payments for non- reversible services. With the possibility of reversal, the need for trust spreads. Merchants must be wary of their customers, hassling them for more information than they would otherwise need. A certain percentage of fraud is accepted as unavoidable. These costs and payment uncertainties can be avoided in person by using physical currency, but no mechanism exists to make payments over a communications channel without a trusted party. What is needed is an electronic payment system based on cryptographic proof instead of trust, allowing any two willing parties to transact directly with each other without the need for a trusted third party. Transactions that are computationally impractical to reverse would protect sellers from fraud, and routine escrow mechanisms could easily be implemented to protect buyers. In this paper, we propose a solution to the double-spending problem using a peer-to-peer distributed timestamp server to generate computational proof of the chronological order of transactions. The system is secure as long as honest nodes collectively control more CPU power than any cooperating group of attacker nodes.
Views: 4530 Bitcoin Bank
BITCOIN MINING FARM MONGOLIA 👷🔨💰💸🤑💲
 
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BITCOIN : What Is It and why Is It Important? Bitcoin‘s inventor, Satoshi Nakamoto, described Bitcoin as “A Peer-to-Peer Electronic Cash System” in the original 2009 Bitcoin whitepaper – the document which created the roadmap for Bitcoin. To date, this is still the most simple and accurate description. Bitcoin is a consensus network that enables a new payment system and a completely digital money. It is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen. From a user perspective, Bitcoin is perhaps best described as ‘cash for the Internet’, but Bitcoin can also be seen as the most prominent triple entry bookkeeping system in existence. It is also known as digital cash, cryptocurrency, an international payment network, the internet of money – but whatever you call it, Bitcoin is a revolution that is changing the way everyone sees and uses money. The beauty of Bitcoin is that it requires no central servers or third-party clearing houses to settle transactions – all payments are peer-to-peer (P2P) and are settled in about 10 minutes – unlike credit card payments, which can take weeks or months before they’re finally settled. All Bitcoin transactions are recorded permanently on a distributed ledger called the “blockchain” – this ledger is shared between all full Bitcoin “miners” and “nodes” around the world, and is publicly-viewable. These miners and nodes verify transactions and keep the network secure. For the electricity they use to do this, miners are rewarded with new bitcoins with each 10-minute block (the reward is currently 12.5 BTC per block). The Bitcoin protocol is also hard-limited to 21 million bitcoins, meaning that no more than that can ever be created. This means that no central bank, individual or government can come along and simply ‘print’ more bitcoins when it suits them. In this sense Bitcoin is a deflationary currency, and as such is likely to grow in value based on this property alone. Bitcoin is still a cutting-edge experiment in technology and economics, and like the worldwide web in 1995, its myriad potential, purposes and applications are yet to be decided. Is it just electronic money? A foundation for smart contracts and electronic shares? Is it underground and subversive, challenging the power of governments, or will it integrate into mainstream finance and go unnoticed? If you know the answers to any of these questions, or if you can figure out how to capitalize on them there may be many lucrative opportunities for you in the Bitcoin space. For more inquiries about Bitcoin and how to generate it thru Airbit Club trading platform, you may contact team Conquerors Hotline: Email: cryptocurrencybillionaire777.com Mobile Nos: +639291791616 (Smart) +639453980748 (Globe)
is bitcoin soon hit 20k ?? fork news
 
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Bitcoin: What Is It and why Is It Important? Bitcoin‘s inventor, Satoshi Nakamoto, described Bitcoin as “A Peer-to-Peer Electronic Cash System” in the original 2009 Bitcoin whitepaper – the document which created the roadmap for Bitcoin. To date, this is still the most simple and accurate description. Bitcoin is a consensus network that enables a new payment system and a completely digital money. It is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen. From a user perspective, Bitcoin is perhaps best described as ‘cash for the Internet’, but Bitcoin can also be seen as the most prominent triple entry bookkeeping system in existence. It is also known as digital cash, cryptocurrency, an international payment network, the internet of money – but whatever you call it, Bitcoin is a revolution that is changing the way everyone sees and uses money. The beauty of Bitcoin is that it requires no central servers or third-party clearing houses to settle transactions – all payments are peer-to-peer (P2P) and are settled in about 10 minutes – unlike credit card payments, which can take weeks or months before they’re finally settled. All Bitcoin transactions are recorded permanently on a distributed ledger called the “blockchain” – this ledger is shared between all full Bitcoin “miners” and “nodes” around the world, and is publicly-viewable. These miners and nodes verify transactions and keep the network secure. For the electricity they use to do this, miners are rewarded with new bitcoins with each 10-minute block (the reward is currently 12.5 BTC per block). The Bitcoin protocol is also hard-limited to 21 million bitcoins, meaning that no more than that can ever be created. This means that no central bank, individual or government can come along and simply ‘print’ more bitcoins when it suits them. In this sense Bitcoin is a deflationary currency, and as such is likely to grow in value based on this property alone. Bitcoin is still a cutting-edge experiment in technology and economics, and like the worldwide web in 1995, its myriad potential, purposes and applications are yet to be decided. Is it just electronic money? A foundation for smart contracts and electronic shares? Is it underground and subversive, challenging the power of governments, or will it integrate into mainstream finance and go unnoticed? If you know the answers to any of these questions, or if you can figure out how to capitalize on them there may be many lucrative opportunities for you in the Bitcoin space. The Bitcoin universe is changing fast and often – to stay ahead of the game it’s necessary to follow the news almost-hourly and discuss the latest events with other members of the community. Bitcoin.com exists to be a reliable information hub for beginners and industry insiders alike. That being said, ‘staying ahead of the game’ is not a necessity if you simply wish to use Bitcoin as a currency to purchase goods and services, or wish to accept Bitcoin for transactions – something thousands of people around the world do every single day.
Views: 23 Bitcoin Catch
Bitcoin: A Peer-to-Peer Electronic Cash System | Bitcoin Cash is Bitcoin
 
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Bitcoin is defined as "A Peer-to-Peer Electronic Cash System" as written in the Bitcoin white paper, by creator Satoshi Nakamoto. Bitcoin Cash, is the Bitcoin laid out in the white paper | BCH is Bitcoin. Bitcoin White Paper: https://bitcoin.org/bitcoin.pdf $BCH PLS: 191gHZAYjyBtEn8f74R82PGCQiBczpD9qp BCH link: geni.us/bchpls
Views: 92 Crypto Kid
What is Bitcoin
 
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Buy Bitcoin with your credit card with Luno https://www.luno.com/invite/EF8RN JOIN BITCLUB NETWORK: http://bitclub.network/cryptoleonard Bitcoin is a cryptocurrency and worldwide payment system. It is the first decentralized digital currency, as the system works without a central bank or single administrator. The network is peer-to-peer and transactions take place between users directly through the use of cryptography, without an intermediary. These transactions are verified by network nodes and recorded in a public distributed ledger called a blockchain. Bitcoin was invented by an unknown person or group of people under the name Satoshi Nakamoto and released as open-source software in 2009. Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies, products, and services. As of February 2015, over 100,000 merchants and vendors accepted bitcoin as payment. Research produced by the University of Cambridge estimates that in 2017, there are 2.9 to 5.8 million unique users using a cryptocurrency wallet, most of them using bitcoin. Etymology The word bitcoin first occurred and was defined in the white paper that was published on 31 October 2008. It is a compound of the words bit and coin. The white paper frequently uses the shorter coin. There is no uniform convention for bitcoin capitalization. Some sources use Bitcoin, capitalized, to refer to the technology and network and bitcoin, lowercase, to refer to the unit of account. The Wall Street Journal, The Chronicle of Higher Education, and the Oxford English Dictionary advocate use of lowercase bitcoin in all cases, a convention followed throughout this article. Units The unit of account of the bitcoin system is bitcoin. As of 2014, tickers used to represent bitcoin are BTC and XBT. Its Unicode character is ₿. Small amounts of bitcoin used as alternative units are millibitcoin (mBTC) and satoshi. Named in homage to bitcoin's creator, a satoshi is the smallest amount within bitcoin representing 0.00000001 bitcoin, one hundred millionth of a bitcoin. A millibitcoin equals 0.001 bitcoin, one thousandth of a bitcoin or 100,000 satoshis. History Main article: History of bitcoin On 18 August 2008, the domain name "bitcoin.org" was registered. In November that year, 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. The identity of Nakamoto remains unknown. In January 2009, the bitcoin network came into existence after Satoshi Nakamoto mined the first ever block on the chain, known as the genesis block, for a reward of 50 bitcoins. Embedded in the coinbase of this block was the following text: The Times 03/Jan/2009 Chancellor on brink of second bailout for banks. This note has been interpreted as both a timestamp of the genesis date and a derisive comment on the instability caused by fractional-reserve banking. One of the first supporters, adopters, and contributors to bitcoin was the receiver of the first bitcoin transaction, programmer Hal Finney. Finney downloaded the bitcoin software the day it was released, and received 10 bitcoins from Nakamoto in the world's first bitcoin transaction. Other early supporters were Wei Dai, creator of bitcoin predecessor b-money, and Nick Szabo, creator of bitcoin predecessor bit gold. In the early days, Nakamoto is estimated to have mined 1 million bitcoins. In 2010, Nakamoto handed the network alert key and control of the Bitcoin Core code repository over to Gavin Andresen, who later became lead developer at the Bitcoin Foundation. Nakamoto subsequently disappeared from any involvement in bitcoin. Andresen stated he then sought to decentralize control, saying: "As soon as Satoshi stepped back and threw the project onto my shoulders, one of the first things I did was try to decentralize that. So, if I get hit by a bus, it would be clear that the project would go on." This left opportunity for controversy to develop over the future development path of bitcoin.
Views: 13 Leonard Agala
Bitcoin: A Peer-to-Peer Electronic Cash System (White Paper Audio Book)
 
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Welcome to the first episode of TWiC. On this episode we provide an audio version / audiobook of the Bitcoin white paper “Bitcoin: A Peer-to-Peer Electronic Cash System” by Satoshi Nakamoto. Let us know your thoughts on this white paper reading and if you’d like to hear more whitepaper readings in the future. You can tweet us at @TWiCrypto. https://thisweekincrypto.co https://twitter.com/twicrypto https://facebook.com/twicrypto https://instagram.com/twicrypto
Bitcoin White Paper - Satoshi Nakamoto
 
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Bitcoin White Paper Bitcoin: A Peer-to-Peer Electronic Cash System By: Satoshi Nakamoto To view diagrams and equations visit: https://bitcoin.org/bitcoin.pdf If you like our white paper videos and would like to donate to keep us going please use the following wallet. It would be very much appreciated. BTC: 1PxQVCzYXetqKuE1RQfGdAtBE5LbNNX3pi ETH: 0x6d8Fbad918692FD0A6Bcec77fb29Ed1f87Af89b4 LTC: LcVqbfYcYxdy2XyYuo9mBH93bexbnQ8P2E
Views: 31 Noah Parker
What is Bitcoin Cash? A Peer to Peer Electronic Cash System
 
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Learn more about bitcoin cash at https://www.bitcoincashers.org Become a part of our community! Join http://chat.thebitcoincash.fund What is Bitcoin Cash? Bitcoin Cash is a digital currency that follows the original design of Bitcoin, set out by the great Satoshi Nakamoto in 2008. It is magic internet money! It is sent directly from person to person via the net, without the need for a bank. It can be used by anyone, anywhere, anytime, for less than a cent, and, unlike those pesky banks, your account cannot be frozen. Bitcoin Cash is generated all over the world by anybody running a free application called a 'miner'. Mining requires a certain amount of work to be performed before they're dutifully rewarded with some Bitcoin Cash. Thanks to the brilliant economic design by Satoshi, it is always created at a predictable and limited rate. The keys to your money are stored in your digital wallet. Click below to download one now. Several currency exchanges exist where you can buy or sell your Bitcoin Cash for dollars, euros and more. When you make a Bitcoin Cash transaction, it is signed using some cryptographic magic, and is then zapped instantly across the network. Once a miner locks your transaction in the blockchain, it is permanently stored in the network for all eternity. Bitcoin Cash is also great for small businesses and freelancers. It doesn't cost anything to accept, there are no chargebacks or fees, and you'll get additional business from the growing Bitcoin Cash economy. Bitcoin Cash is changing finance, and is opening up the global economy to every person on the planet. For more information, visit https://www.bitcoincash.org.
The Innovation Is the Blockchain
 
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Scott's deep dive into cryptocurrency, blockchain and initial coin offerings with NYU Stern finance professor David Yermack. Pre-order Scott's new book, "The Four: The Hidden DNA of Amazon, Apple, Facebook, and Google" http://bit.ly/2wBLDLz Sources (2:11) Source: BashCo’s GitHub Pages Repo. http://bit.ly/2w9FLoD (3:05) Source: “Bitcoin: A Peer-to-Peer Electronic Cash System,”Satoshi Nakamoto, October 2008. http://bit.ly/LjkXCv (3:41) Source: “5 Brand-Name Businesses That Currently Accept Bitcoin,” The Motley Fool, July 2017. http://bit.ly/2wDi1NE (4:36) Source: “Understanding Ethereum (Report),” CoinDesk, June 2016. http://bit.ly/2hkbahC (6:58) Source: “The Truth About Blockchain,” Harvard Business Review, January–February 2017. http://bit.ly/2hqo3FU (7:22) Source: “Bitcoin: A Peer-to-Peer Electronic Cash System,”Satoshi Nakamoto, October 2008. http://bit.ly/LjkXCv (11:43) Source: Blockchain.info. (18:14) Source: National Bureau of Economic Research. http://bit.ly/2w9ClBZ (19:03) Source: “The Global Stock Market Is Now Worth a Record $76.3 Trillion - And That's Terrifying,” TheStreet, July 2017. http://bit.ly/2yg1rjk (23:20) Source: Investopedia. http://bit.ly/2mHhsdz Episode 142
Views: 260201 L2inc
Bitcoin Cash is Bitcoin | A Peer-to-Peer Electronic Cash System
 
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Bitcoin Cash is a Peer-to-Peer Electronic Cash System as defined in the Satoshi Nakamoto White Paper. Bitcoin Cash, is Bitcoin. Information: www.bitcoin.com This video can be used freely by all to promote Bitcoin Cash, Enjoy.
Views: 110 Crypto Kid
The History of Bitcoin
 
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The History of Bitcoin - https://blockgeeks.com/ We’ll start at the very beginning by understanding the history of blockchain. The very first blockchain in the world was Bitcoin. An anonymous person or group known as Satoshi Nakamoto published a document in an online cryptography forum in November 2008 and revealed the first details of how it would work, describing it as a “peer-to-peer electronic cash system”. The whitepaper is available today at bitcoin.org/bitcoin.pdf. It allows any 2 people to pseudonymously send money to each other no matter where they are in the world. It is a borderless currency. The main benefit of Bitcoin is that it does not require any centralized authority or institution to operate. This is in contrast to today’s centralized financial systems that depend on the existence of a central bank or government to mint money. If for any reason the central authority were to shutdown, the money would become worthless. In a decentralized system like Bitcoin, there is no central authority and the system can continue to operate as long as there are members in its peer-to-peer network. The goal of the whitepaper was to describe how the different parts of the Bitcoin protocol would operate and be kept secure. A new type of database, called a blockchain, would keep track of a single history of all Bitcoin transactions and it would be maintained by everyone in the network. The database would be publicly available for anyone to view and inspect, and anyone can download a copy of the same database. This provides data redundancy and makes sure the data is never lost, but also provides a way for anyone to verify the transactions in the database themselves. A block in the database just stores a sequence of transactions, and a sequence of blocks is called a blockchain. Each block is identified by an incrementing number and a unique Sha-256 hash. The hash for a block is calculated using the transactions inside it, as well as the previous block’s hash, which forms a chain of hashes. The data in the blocks is secured using a cryptographic algorithm called proof-of-work, which also keeps all members of the network and the database in sync to prevent double-spending. In this context, preventing double-spending means preventing anyone from spending money they dont have. Proof-of-work is used to generate new blocks for the database, also known as mining, and the reward for mining a new block is given to the miner by creating new Bitcoins in the system. This is the only way new Bitcoins can be created. Anyone on the network can be a miner and a new block is mined roughly every 10 minutes, which includes the latest set of verified transactions. The first release for Bitcoin was version 0.1 written in C++ by Satoshi and published on SourceForge in January 2009 under the open-source MIT license. Anyone could download the source code and run it to join the network, also known as becoming a node in the network. This is the original version 0.1 source code written by Satoshi. We can see the hard-coded genesis block, which is the very first block in the chain. The hash for the block can be verified by using any Bitcoin blockchain explorer. Let’s copy and paste this hash into the blockchain explorer available at blockchain.info. We can see that this hash is for block number 0, and that it has only one transaction in it which is the mining reward, and the reward amount of 50 Bitcoin was given to this Bitcoin address. We can also see this 50 Bitcoin reward for the genesis block in the original source code. The genesis block is a special case needed to start the blockchain and is the only block that is hard-coded, whereas every subsequent block is calculated using proof-of-work. Satoshi’s motivation for creating Bitcoin is revealed in the piece of data he included in the genesis block: a newspaper headline from The Times that read ‘Chancellor on brink of second bailout for banks’. The date of the newspaper is proof that the genesis block was created on or after Jan 3 2009. Satoshi developed the source code mostly himself up until mid-2010, when he handed it off to the open-source community. It is now maintained under the project called Bitcoin Core. The software is currently at version 0.15.1 and is available for download at bitcoin.org. This is still the most popular Bitcoin client, and its estimated that there are over 10 thousand nodes running the Bitcoin network today using various clients. Satoshi disappeared from public view in late 2010, his identity still unknown to this day. The only way someone could prove that they are Satoshi is by using the same encryption keys used when posting the original whitepaper in the online cryptography forum. To read more check out https://blockgeeks.com/
Views: 5773 Blockgeeks
Bitcoin Cash | P2P Electronic Cash System
 
00:58
Bitcoin Cash is the closest to Satoshi Nakamoto's vision for Bitcoin. BCH Bitcoin Cash is the P2P Cash system Satoshi intended. Buy Bitcoin Cash: http://geni.us/QuadrigaCX Buy Altcoins: https://www.coinbase.com/join/595d3eb0fb353e024db29066 $BCH PLS: 13DZiTrhiPzXUzpQjsmT88DEK2zYDxPJCg My Gear: LedgerNanoS: http://geni.us/nano TREZOR: http://amzn.to/2xDVOuN iPHONE7: http://amzn.to/2ymH5rx Crypto Books: Handbook: http://amzn.to/2A0ksrE Twitter: https://twitter.com/thecryptokidd Ong Social: https://ong.social/CryptoKid
Views: 86 Crypto Kid
Bitcoin Prediction Revisited - 12th house | Mercury Dasa | Eclipses
 
36:58
BTW - These are the alternative dates that other's proposed for the origin date os BTC. On 18 August 2008, the domain name bitcoin.org was registered. Later that year on 31 October, a link to a paper authored by Satoshi Nakamoto titled Bitcoin: A Peer-to-Peer Electronic Cash System But I use the chart of the first transaction, as most do. ================================== FREE 2018 Vedic Astrology Predictions http://2018vedicastrology.com Get Sam's Popular Books: http://getsamsbooks.com Subscribe to my channel - Free astrology updates and lessons: https://goo.gl/6t7Eut ========== MY BOOKS: Yoga and Vedic Astrology: http://yogaandvedicastrology.com The Ascendant 108 Planets of Vedic Astrology: https://www.amazon.com/Ascendant-108-Planets-Vedic-Astrology/dp/0970963637 =========================== LEARN ASTROLOGY Astrology Houses Playlist: https://www.youtube.com/playlist?list=PLTKVoCUFL2PS69agKI-CGtihzQGt0BwiQ Lunar Nodes Playlist: https://www.youtube.com/playlist?list=PLTKVoCUFL2PQRcFQmuaTWgpHp9AFZ30OH Nakshatras Playlist: https://www.youtube.com/playlist?list=PLTKVoCUFL2PTiUZkrfz1xluHk0vZcxHmO Vedic Relationship Astrology: https://www.youtube.com/playlist?list=PLTKVoCUFL2PRuf73x55DzfpbN9WmYV3_Z Retrograde Planets: https://www.youtube.com/playlist?list=PLTKVoCUFL2PR_Ii4eYIHp6m3CJLh83Vne
Blockchain 101 Ep 03 - The Release of Bitcoin White Paper
 
00:59
During the 2008 Financial Crisis in the United States, someone behind the alias “Satoshi Nakamoto” published an online article titled "Bitcoin: A Peer-to-Peer Electronic Cash System". It described a new electronic cash system: Bitcoin. Without the need of a central authority , the decentralized digital currency system is able to control the supply and issuance. You can transfer Bitcoin to anyone in the world via the Bitcoin network. It is secure and every transaction is recorded. The release of the White Paper also marked the birth of Bitcoin's underlying technology - Blockchain. Watch the video here! Huobi Pro will post a question in our Tweet via our Twitter account (https://twitter.com/Huobi_Pro) each time we put up an episode of Blockchain 101 post on our Twitter account, first 20 people who answered in the format [UIDxxxxxxxx, correct answer] and retweet our post will be entitled to 1 HT each. Note that the UID entered MUST be a valid Huobi registered account. What are you waiting for? Fastest fingers first! Grab your HT now!
Views: 1112 Huobi Global
Bitcoin Cash is Bitcoin | How A P2P Cash System was Hijacked
 
06:37
On August 1st 2017, Bitcoin forked, creating Two New Blockchains: Bitcoin Core, and Bitcoin Cash.  Only one has maintained the original vision laid out in Satoshi Nakamoto's white paper, as a peer-to-peer electronic cash system; BCH the true Bitcoin.  Please Share, Enjoy! Bitcoin Info: http://www.Bitcoin.com Subscribe Here: http://geni.us/cryptokid Twitter: https://twitter.com/thecryptokidd BCH Donate Link: http://geni.us/bchpls $BCH PLS: 191gHZAYjyBtEn8f74R82PGCQiBczpD9qp BUY Bitcoin Cash: http://geni.us/QuadrigaCX MY GEAR: LEDGERNanoS: http://geni.us/nano LEDGERNanoS (2Pack): http://amzn.to/2zOhBVT TREZOR: http://amzn.to/2xDVOuN Crypto Books: Handbook: http://amzn.to/2A0ksrE Guide to Crypto: http://amzn.to/2BcHM6r Earn Bitcoin: http://amzn.to/2zdIcrq $BCH PLS: 191gHZAYjyBtEn8f74R82PGCQiBczpD9qp Video Inspired by: https://www.youtube.com/channel/UCMpAklXQxme_wZi3sdHdHVQ https://www.youtube.com/channel/UC8aCt-P8D9mU3CMjeKUWQwg https://www.youtube.com/user/TheAnarchast https://www.youtube.com/user/rogerver No Financial advice included- Opinions only - Peace
Views: 1726 Crypto Kid
Misterios de Internet: Satoshi Nakamoto y el Bitcoin ¿qué sabemos en realidad?
 
23:26
Bitcoin se puede definir con dos términos: criptomoneda descentralizada. En 2008, Satoshi Nakamoto publicó su artículo en Mezdowd, que describía un sistema peer to peer (persona a persona) de dinero digital. En 2009 ya se lanzó el sistema y la red Bitcoin, y las primeras unidades de moneda llamadas igualmente bitcoins. Nakamoto colaboró con otros programadores que se unieron al proyecto hasta mediados de 2010. Luego Satoshi Nakamoto decide entregar el control del repositorio de código fuente y la clave de alerta de la red a Gavin Andresen, y le transfiere los dominios a miembros importantes de la comunidad Bitcoin, y abandona el proyecto ya definitivamente. No se sabe si el nombre "Satoshi Nakamoto" es real o un seudónimo, o si el nombre representa a una persona o grupo de personas. A diferencia de otras monedas como el Peso mexicano, el Peso colombiano, el Bolívar, el Real brasileño, Dolar americano, Euro, etc, las transacciones en Bitcoin se hacen de manera directa y sin la necesidad de intermediarios. El Bitcoin tampoco está respaldado por ningún gobierno, sino que utiliza un sistema de oferta y demanda para determinar su valor. Actualmente hay quienes dicen que Bitcoin será un fracaso rotundo porque todavía muy poca gente la conoce y porque difícilmente muchos comercios la van a aceptar rápidamente; pero por otro lado hay quienes dicen que solo basta que algunas empresas la acepten como medio de pago, y que entre individuos se puedan hacer transacciones comerciales, para que el Bitcoin ya cumpla con su función. PDF de la investigación de Satoshi Nakamoto "A Peer to Peer Electronic Cash System": https://bitcoin.org/bitcoin.pdf Síguenos en nuestras redes sociales: Facebook: http://www.facebook.com/SpartanGeek Twitter: http://www.twitter.com/SpartanGeekTV
Views: 28778 Spartan Geek
Bitcoin LEGO Blockchain
 
03:18
Built with: LEGO Digital Designer Bitcoin: A Peer-to-Peer Electronic Cash System by Satoshi Nakamoto Money Goes Virtual: The Bitcoin Bourse by Milken Institute and featuring Gavin Andresen
Views: 4327 jse1776
Cryptocurrency & Blockchain
 
30:17
An in-depth look at Cryptocurrency & Blockchain, what they are, how they differ from existing methods, and what the advocates and critics have to say about them. Visit our Website: http://www.isaacarthur.net Join the Facebook Group: https://www.facebook.com/groups/1583992725237264/ Support the Channel on Patreon: https://www.patreon.com/IsaacArthur or with Bitcoin: https://www.coinbase.com/IsaacArthur Visit the sub-reddit: https://www.reddit.com/r/IsaacArthur/ Listen or Download the audio of this episode from Soundcloud: https://soundcloud.com/isaac-arthur-148927746/cryptocurrency Cover Art by Jakub Grygier: https://www.artstation.com/artist/jakub_grygier Further Reading: Original Paper on bitcoin: Satoshi Nakamoto, "Bitcoin: A Peer-to-Peer Electronic Cash System" https://bitcoin.org/bitcoin.pdf Charles Stross Blog Entry "Why I want Bitcoin to die in a fire" http://www.antipope.org/charlie/blog-static/2013/12/why-i-want-bitcoin-to-die-in-a.html Daneil Jeffries rebuttal, "Why Charles Stross Doesn’t Know a Thing about Bitcoin": https://bitcoinmagazine.com/articles/charles-stross-doesnt-know-thing-bitcoin-1389147532 Abrahim Ladha’s “Hypothetical Problems concerning the Theory of Relativity on Cryptographic Currency Implementations”: https://arxiv.org/abs/1604.04265 Paul Krugman's paper "Theory of Interstellar Trade": https://www.princeton.edu/~pkrugman/interstellar.pdf
Views: 93424 Isaac Arthur
Bitcoin - The Future Of Money?! | Netflix Documentary 2018 🔥💕💸
 
47:03
🔥💕💸 Buy $100 worth of cryptocurrency today and get $10 free on top: https://www.coinbase.com/join/52d17f1db95ad80ad10000b8 Learn how I make $100+ a day with Bitcoin: https://cryptobuster.usitech-int.com Bitcoin is a cryptocurrency and worldwide payment system. It is the first decentralized digital currency, as the system works without a central bank or single administrator. The network is peer-to-peer and transactions take place between users directly through the use of cryptography, without an intermediary.:4 These transactions are verified by network nodes and recorded in a public distributed ledger called a blockchain. Bitcoin was invented by an unknown person or group of people under the name Satoshi Nakamoto[ and released as open-source software in 2009. Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies, products, and services. As of February 2015, over 100,000 merchants and vendors accepted bitcoin as payment. Research produced by the University of Cambridge estimates that in 2017, there are 2.9 to 5.8 million unique users using a cryptocurrency wallet, most of them using bitcoin. On 18 August 2008, the domain name "bitcoin.org" was registered. In November that year, 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. The identity of Nakamoto remains unknown. In January 2009, the bitcoin network came into existence after Satoshi Nakamoto mined the first ever block on the chain, known as the genesis block, for a reward of 50 bitcoins. Embedded in the coinbase of this block was the following text: The Times 03/Jan/2009 Chancellor on brink of second bailout for banks. This note has been interpreted as both a timestamp of the genesis date and a derisive comment on the instability caused by fractional-reserve banking. One of the first supporters, adopters, and contributors to bitcoin was the receiver of the first bitcoin transaction, programmer Hal Finney. Finney downloaded the bitcoin software the day it was released, and received 10 bitcoins from Nakamoto in the world's first bitcoin transaction. Other early supporters were Wei Dai, creator of bitcoin predecessor b-money, and Nick Szabo, creator of bitcoin predecessor bit gold. In the early days, Nakamoto is estimated to have mined 1 million bitcoins. In 2010, Nakamoto handed the network alert key and control of the Bitcoin Core code repository over to Gavin Andresen, who later became lead developer at the Bitcoin Foundation. Nakamoto subsequently disappeared from any involvement in bitcoin. Andresen stated he then sought to decentralize control, saying: "As soon as Satoshi stepped back and threw the project onto my shoulders, one of the first things I did was try to decentralize that. So, if I get hit by a bus, it would be clear that the project would go on." This left opportunity for controversy to develop over the future development path of bitcoin. The value of the first bitcoin transactions was negotiated by individuals on the bitcointalk forums with one notable transaction of 10,000 BTC used to indirectly purchase two pizzas delivered by Papa John's. On 6 August 2010, a major vulnerability in the bitcoin protocol was spotted. Transactions were not properly verified before they were included in the blockchain, which let users bypass bitcoin's economic restrictions and create an indefinite number of bitcoins. On 15 August, the vulnerability was exploited; over 184 billion bitcoins were generated in a single transaction, and sent to two addresses on the network. Within hours, the transaction was spotted and erased from the transaction log after the bug was fixed and the network forked to an updated version of the bitcoin protocol. On 1 August 2017, a hard fork of bitcoin was created, known as Bitcoin Cash. Bitcoin Cash has a larger blocksize limit and had an identical blockchain at the time of fork. Source: https://en.wikipedia.org/wiki/Bitcoin Buy $100 worth of cryptocurrency today and get $10 free on top: https://www.coinbase.com/join/52d17f1db95ad80ad10000b8 Learn how I make $100+ a day with Bitcoin: https://cryptobuster.usitech-int.com #earnbitcoin #makemoneywithbitcoin #btc #bitcoin #bitcoindocumentary #cryptocurrencies
Views: 195 Crypto Buster
Bitcoin || What is bitcoin || How it work with his wallet work || Profit Or Loss
 
10:56
Bitcoin is a cryptocurrency and worldwidepayment system.[8]:3 It is the first decentralized digital currency, as the system works without a central bank or single administrator.[8]:1[9] The network is peer-to-peer and transactions take place between users directly, without an intermediary.[8]:4These transactions are verified by networknodes and recorded in a public distributed ledger called a blockchain. Bitcoin was invented by an unknown person or group of people under the name Satoshi Nakamoto[10]and released as open-source software in 2009.[11] Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies,[12] products, and services. As of February 2015, over 100,000 merchants and vendors accepted bitcoin as payment.[13]Research produced by the University of Cambridge estimates that in 2017, there are 2.9 to 5.8 million unique users using a cryptocurrency wallet, most of them using bitcoin.[14] The word bitcoin first occurred and was defined in the white paper[15] that was published on 31 October 2008.[16] It is acompound of the words bit and coin.[17] The white paper frequently uses the shortercoin.[15] There is no uniform convention for bitcoincapitalization. Some sources use Bitcoin, capitalized, to refer to the technology andnetwork and bitcoin, lowercase, to refer to the unit of account.[18] The Wall Street Journal,[19]The Chronicle of Higher Education,[20] and theOxford English Dictionary[17] advocate use of lowercase bitcoin in all cases, a convention followed throughout this article. On 18 August 2008, the domain name "bitcoin.org" was registered.[27] In November that year, a link to a paper authored by Satoshi Nakamoto titled Bitcoin: A Peer-to-Peer Electronic Cash System[15] was posted to a cryptography mailing list.[27] Nakamoto implemented the bitcoin software as open source code and released it in January 2009.[28][11] The identity of Nakamoto remains unknown.[10] In January 2009, the bitcoin network came into existence after Satoshi Nakamoto mined the first ever block on the chain, known as thegenesis block, for a reward of 50 bitcoins One of the first supporters, adopters, and contributors to bitcoin was the receiver of the first bitcoin transaction, programmer Hal Finney. Finney downloaded the bitcoin software the day it was released, and received 10 bitcoins from Nakamoto in the world's first bitcoin transaction.[32][33] Other early supporters were Wei Dai, creator of bitcoin predecessor b-money, and Nick Szabo, creator of bitcoin predecessor bit gold.[34] In the early days, Nakamoto is estimated to have mined 1 million bitcoins.[35] In 2010, Nakamoto handed the network alert key and control of the Bitcoin Core code repository over to Gavin Andresen, who later became lead developer at the Bitcoin Foundation.[36][37] Nakamoto subsequently disappeared from any involvement in bitcoin.[38] Andresen stated he then sought to decentralize control, saying: "As soon as Satoshi stepped back and threw the project onto my shoulders, one of the first things I did was try to decentralize that. So, if I get hit by a bus, it would be clear that the project would go on."[38] This left opportunity for controversy to develop over the future development path of bitcoin.[39] The value of the first bitcoin transactions were negotiated by individuals on the bitcointalk forums with one notable transaction of 10,000 BTC used to indirectly purchase two pizzas delivered by Papa John's.[29] On 6 August 2010, a major vulnerability in the bitcoin protocol was spotted. Transactions were not properly verified before they were included in the blockchain, which let users bypass bitcoin's economic restrictions and create an indefinite number of bitcoins.[40][41]On 15 August, the vulnerability was exploited; over 184 billion bitcoins were generated in a single transaction, and sent to two addresses on the network. Within hours, the transaction was spotted and erased from the transaction log after the bug was fixed and the network forked to an updated version of the bitcoin protocol.[42 The word bitcoin first occurred and was defined in the white paper[15] that was published on 31 October 2008.[16] It is acompound of the words bit and coin.[17] The white paper frequently uses the shortercoin.[15] There is no uniform convention for bitcoincapitalization. Some sources use Bitcoin, capitalized, to refer to the technology andnetwork and bitcoin, lowercase, to refer to the unit of account.[18] The Wall Street Journal,[19]The Chronicle of Higher Education,[20] and theOxford English Dictionary[17] advocate use of lowercase bitcoin in all cases, a convention followed throughout follow Me On Instagram:-https://www.instagram.com/mostwanted1411/ Search Me on facebook:-https://www.facebook.com/Ajinkya1804 Follow Me Twwiter:-https://twitter.com/AjinkyaShirsat8 https://www.youtube.com/channel/UCo_ZXQ3E9mJ6BTthDosA2gQ Businesss Enquiry Email:-Ajinkyasirsat1@gmail.com
Views: 13 Msuperb
Le top 5 des anecdotes incroyables sur le Bitcoin
 
07:43
Vous pouvez me tiper directement en bitcoin à cette adresse: 1FboUA5ZvzTXyUGEugSFct1bixjEsZjGmx Ou sur tipeee en suivant ce lien : https://www.tipeee.com/le-top-5 Le facebook du TOP 5 : https://www.facebook.com/letop5suryoutube Le twitter du TOP 5 : https://twitter.com/Le_Top_5 ***************************** Musique : Les Gordon : Les cheveux longs Les Gordon sur soundcloud: https://soundcloud.com/lesgordonmusic ***************************** Bitcoin - Heu?reka #13 https://www.youtube.com/watch?v=h4XZpkrpIbs La chaine de Heu?reka: https://www.youtube.com/channel/UC7sXGI8p8PvKosLWagkK9wQ Bitcoin, c'est quoi exactement ? https://www.youtube.com/watch?v=VIh47147ZWQ La chaine de bitcoin.fr: https://www.youtube.com/user/marco44nantes La chaine de autodisciple: https://www.youtube.com/channel/UCDMxcev7u9Nf7KMJuyIm-BA ***************************** Sources: Early 1990's Internet Commercial https://www.youtube.com/watch?v=s1_yx_Eg9v4 History of bitcoin https://en.wikipedia.org/wiki/History_of_bitcoin Laszlo Hanyecz et les 2 pizzas a $12 420 000 http://www.coindesk.com/bitcoin-pizza-day-celebrating-pizza-bought-10000-btc/ Silk road https://fr.wikipedia.org/wiki/Silk_road https://archives.fbi.gov/archives/newyork/press-releases/2013/manhattan-u.s.-attorney-announces-seizure-of-additional-28-million-worth-of-bitcoins-belonging-to-ross-william-ulbricht-alleged-owner-and-operator-of-silk-road-website Vols de bitcoin par des agents https://arstechnica.com/tech-policy/2016/08/stealing-bitcoins-with-badges-how-silk-roads-dirty-cops-got-caught/ http://www.bbc.com/news/technology-35038971 Bitcoin baby http://money.cnn.com/2013/06/10/technology/innovation/bitcoin-baby/ Bitcoin 2013 conference - C Terence Lee, MD - A Physicians Experiences with Bitcoin https://www.youtube.com/watch?v=E4Mqm9F0V30 Bitcoin: A Peer-to-Peer Electronic Cash System (Satoshi Nakamoto) https://bitcoin.org/bitcoin.pdf Cypherpunk https://en.wikipedia.org/wiki/Cypherpunk Banking on bitcoin https://www.youtube.com/watch?v=z9sfgrTMyio L'annonce des bitcoins gratos par Gavin Andresen https://bitcointalk.org/index.php?topic=183.0 https://www.technologyreview.com/s/527051/the-man-who-really-built-bitcoin/ https://www.reddit.com/r/Bitcoin/comments/2jw5pm/im_gavin_andresen_chief_scientist_at_the_bitcoin/ https://en.wikipedia.org/wiki/Bitcoin_faucet les bitcoins faucets http://easybitcoinfaucet.com/ http://claimbtc.com/ http://bitcoin-faucet.eu/
Views: 155182 OTB - Outside The Box
Satoshi’s Vision Conference day 1 recap
 
02:57
CoinGeek.com's Stephanie Tower brings you Day 1 of the Satoshi's Vision Conference in Tokyo, featuring presentations on building the future of money to bring Satoshi Nakamoto’s vision of a peer-to-peer electronic cash system to reality.
Views: 252 CoinGeek
What is Bitcoin in 2018 in Urdu Hindi - Bitcoin Explained - بٹ کوائن کیا ہے
 
08:28
Ar Official - What is Bitcoin in 2018 in Urdu Hindi - Bitcoin Explained - بٹ کوائن کیا ہے Bitcoin is a cryptocurrency and worldwide payment system.is the first decentralized digital currency, as the system works without a central bank or single administrator.The network is peer-to-peer and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes through the use of cryptography and recorded in a public distributed ledger called a blockchain. Bitcoin was invented by an unknown person or group of people under the name Satoshi Nakamoto and released as open-source software in 2009. Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies,[12] products, and services. As of February 2015, over 100,000 merchants and vendors accepted bitcoin as payment.[13] Research produced by the University of Cambridge estimates that in 2017, there are 2.9 to 5.8 million unique users using a cryptocurrency wallet, most of them using bitcoin. The word bitcoin first occurred and was defined in the white paper[5] that was published on 31 October 2008.[15] It is a compound of the words bit and coin.The white paper frequently uses the shorter coin. There is no uniform convention for bitcoin capitalization. Some sources use Bitcoin, capitalized, to refer to the technology and network and bitcoin, lowercase, to refer to the unit of account.[17] The Wall Street Journal,The Chronicle of Higher Education, and the Oxford English Dictionary[16] advocate use of lowercase bitcoin in all cases, a convention followed throughout this article.The unit of account of the bitcoin system is bitcoin. As of 2014, ticker symbols used to represent bitcoin are BTC[a] and XBT.[b] Its Unicode character is ₿.[24]:2 Small amounts of bitcoin used as alternative units are millibitcoin (mBTC)[1] and satoshi. Named in homage to bitcoin's creator, a satoshi is the smallest amount within bitcoin representing 0.00000001 bitcoin, one hundred millionth of a bitcoin.[3] A millibitcoin equals 0.001 bitcoin, one thousandth of a bitcoin or 100,000 satoshis.[25] History n 18 August 2008, the domain name "bitcoin.org" was registered.[26] In November that year, a link to a paper authored by Satoshi Nakamoto titled Bitcoin: A Peer-to-Peer Electronic Cash System[5] was posted to a cryptography mailing list.[26] Nakamoto implemented the bitcoin software as open source code and released it in January 2009 on SourceForge.[27][28][11] The identity of Nakamoto remains unknown.[10] In January 2009, the bitcoin network came into existence after Satoshi Nakamoto mined the first ever block on the chain, known as the genesis block.[29][30] Embedded in the coinbase of this block was the following text: The Times 03/Jan/2009 Chancellor on brink of second bailout for banks.[11] This note has been interpreted as both a timestamp of the genesis date and a derisive comment on the instability caused by fractional-reserve banking.[31] One of the first supporters, adopters, and contributors to bitcoin was the receiver of the first bitcoin transaction, programmer Hal Finney. Finney downloaded the bitcoin software the day it was released, and received 10 bitcoins from Nakamoto in the world's first bitcoin transaction.[32][33] Other early supporters were Wei Dai, creator of bitcoin predecessor b-money, and Nick Szabo, creator of bitcoin predecessor bit gold.[34] In the early days, Nakamoto is estimated to have mined 1 million bitcoins.[35] In 2010, Nakamoto handed the network alert key and control of the Bitcoin Core code repository over to Gavin Andresen, who later became lead developer at the Bitcoin Foundation.[36][37] Nakamoto subsequently disappeared from any involvement in bitcoin.[38] Andresen stated he then sought to decentralize control, saying: "As soon as Satoshi stepped back and threw the project onto my shoulders, one of the first things I did was try to decentralize that. So, if I get hit by a bus, it would be clear that the project would go on."[38] This left opportunity for controversy to develop over the future development path of bitcoin.[39] The value of the first bitcoin transactions were negotiated by individuals on the bitcointalk forums with one notable transaction of 10,000 BTC used to indirectly purchase two pizzas delivered by Papa John's.[29] On 6 August 2010, a major vulnerability in the bitcoin protocol was spotted. Transactions were not properly verified before they were included in the blockchain, which let users bypass bitcoin's economic restrictions and create an indefinite number of bitcoins.[40][41] On 15 August, the vulnerability was exploited; over 184 billion bitcoins were generated in a single transaction, and sent to two addresses on the network. Within hours, the transaction was spotted and erased from the transaction log after the bug was fixed and the network forked to an updated version of the bitcoin protocol]
Views: 53 AR Official
BITCOIN BYTES: What is Bitcoin so your parents get it! 😄
 
03:11
- Quick, easy explanation of Bitcoin: A Peer to Peer Electronic Cash System - Satoshi Nakamoto white paper: https://bitcoin.org/bitcoin.pdf Let’s connect: 😄 Twitter: https://twitter.com/elizacruzin IG: https://www.instagram.com/elizacruzin/
Views: 2263 Psyche Gem
Bitcoin GPU Mining
 
07:16
Research project for CSIS 2810 Sources: "Choosing BOINC Projects." BOINC. Berkeley, n.d. Web. 23 Oct. 2015. Nakamoto, Satoshi. "Bitcoin: A Peer-to-Peer Electronic Cash System." Www.bitcoin.org (2008): 1-9. 2008. Web. 23 Oct. 2015. "Non-specialized hardware comparison." Bitcoin Wiki. en.bitcoin.it, n.d. Web. 23 Oct. 2015. Patterson, David A., John L. Hennessy. "6." Computer Organization and Design: The Hardware/software Interface. 5th ed. Burlington, MA: Morgan Kaufmann, 2014. 524-527. Print. Shirrif, Ken. "Mining Bitcoin with Pencil and Paper: 0.67 Hashes per Day." Mining Bitcoin with Pencil and Paper: 0.67 Hashes per Day. Ken Shirriff's Blog, n.d. Web. 23 Oct. 2015. Shirriff, Ken. "Bitcoin Mining the Hard Way: The Algorithms, Protocols, and Bytes." Bitcoin Mining the Hard Way: The Algorithms, Protocols, and Bytes. Ken Shirriff's Blog, n.d. Web. 23 Oct. 2015. “SP50” Product page. Spoondoolies. Spoondoolies-tech, 2015. Web. Oct 23, 2015. "Why a GPU Mines Faster than a CPU." Bitcoin Wiki. en.bitcoin.it, n.d. Web. 23 Oct. 2015. Williams, Tom. "Parallel Processing Platform Opens Bridge to High Performance Embedded Systems." RTC Magazine. Http://www.rtcmagazine.com, Aug. 2014. Web. 23 Oct. 2015.
Views: 359 Daniel Bigelow
Bitcoin and Blockchain Technology: Hayek Money
 
01:51:23
Sesta lezione del corso Bitcoin and Blockchain Technology di Milano Bicocca (2017) donazioni bitcoin:1FEz167JCVgBvhJBahpzmrsTNewhiwgWVG Grazie a Paolo Aralla e BapuFilm (https://www.facebook.com/Bapufilm) per le riprese ed il montaggio slides: https://speakerdeck.com/nando1970/bitcoin-and-blockchain-technology-hayek-money https://www.slideshare.net/Ferdinando1970/bitcoin-and-blockchain-technology-hayek-money --------------------------------------------------------------------- https://github.com/fametrano https://twitter.com/Ferdinando1970 https://speakerdeck.com/nando1970 https://www.reddit.com/user/Nando1970/ https://www.slideshare.net/Ferdinando1970 https://it.linkedin.com/in/ferdinandoametrano https://www.youtube.com/c/FerdinandoMAmetrano -------------------------------------------------------------------------------- Edificio U6, Aula 11 Piazza dell'Ateneo Nuovo 1, 20126 Milano 27/03/2017: Introduzione (https://goo.gl/tbB4Pu) + Hash functions 08/05/2017: Elliptic Curve Digital Signature Algorithm 15/05/2017: Blockchain, Merkle Tree, Consensus 29/05/2017: Transactions 05/06/2017: Bitcoin Core; bitcoin wallets 12/06/2017: Hayek Money (https://goo.gl/g65Nzp) 19/06/2017: Distributed Ledger Technology (https://goo.gl/oQDNeS) --------------------------------------------------------------------- Riferimenti bibliografici per il corso: Satoshi Nakamoto, "Bitcoin: A Peer-to-Peer Electronic Cash System", https://bitcoin.org/bitcoin.pdf Andreas M. Antonopoulos, Mastering Bitcoin: Unlocking Digital Cryptocurrencies (forthcoming 2nd edition "Mastering Bitcoin: Programming the Open Blockchain") Pedro Franco, “Understanding Bitcoin” A. Narayanan, et al., “Bitcoin and Cryptocurrency Technologies” Christof Paar, Jan Pelzl, "Understanding Cryptography" Ferdinando Ametrano, "Hayek Money: The Cryptocurrency Price Stability Solution", https://ssrn.com/abstract=2425270 Robert Sams, "A Note on Cryptocurrency Stabilisation: Seigniorage Shares" https://github.com/rmsams/stablecoins/blob/master/paper.pdf ---------------------------------------------------------------------------------------- Online courses: Arvind Narayanan, Bitcoin and Cryptocurrency Technologies, Princeton University, https://www.coursera.org/learn/cryptocurrency Dan Boneh, Cryptography I, Stanford University, https://www.coursera.org/learn/crypto Dan Boneh, Cryptography II, Stanford University, https://www.coursera.org/learn/crypto2 Christof Paar, Introduction to Cryptography, https://www.youtube.com/channel/UC1usFRN4LCMcfIV7UjHNuQg, http://www.crypto-textbook.com/, http://wiki.crypto.rub.de/Buch/en/slides.php, https://openlibrary.org/books/ia:Understanding_Cryptography/Understanding_cryptography_a_textbook_for_students_and_practitioners -------------------------------------------------------------------------
Views: 16436 Ferdinando M. Ametrano
How to transfer money from AIRBIT CLUB to other Bitcoin account
 
06:28
BITCOIN : What Is It and why Is It Important? Bitcoin‘s inventor, Satoshi Nakamoto, described Bitcoin as “A Peer-to-Peer Electronic Cash System” in the original 2009 Bitcoin whitepaper – the document which created the roadmap for Bitcoin. To date, this is still the most simple and accurate description. Bitcoin is a consensus network that enables a new payment system and a completely digital money. It is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen. From a user perspective, Bitcoin is perhaps best described as ‘cash for the Internet’, but Bitcoin can also be seen as the most prominent triple entry bookkeeping system in existence. It is also known as digital cash, cryptocurrency, an international payment network, the internet of money – but whatever you call it, Bitcoin is a revolution that is changing the way everyone sees and uses money. The beauty of Bitcoin is that it requires no central servers or third-party clearing houses to settle transactions – all payments are peer-to-peer (P2P) and are settled in about 10 minutes – unlike credit card payments, which can take weeks or months before they’re finally settled. All Bitcoin transactions are recorded permanently on a distributed ledger called the “blockchain” – this ledger is shared between all full Bitcoin “miners” and “nodes” around the world, and is publicly-viewable. These miners and nodes verify transactions and keep the network secure. For the electricity they use to do this, miners are rewarded with new bitcoins with each 10-minute block (the reward is currently 12.5 BTC per block). The Bitcoin protocol is also hard-limited to 21 million bitcoins, meaning that no more than that can ever be created. This means that no central bank, individual or government can come along and simply ‘print’ more bitcoins when it suits them. In this sense Bitcoin is a deflationary currency, and as such is likely to grow in value based on this property alone. Bitcoin is still a cutting-edge experiment in technology and economics, and like the worldwide web in 1995, its myriad potential, purposes and applications are yet to be decided. Is it just electronic money? A foundation for smart contracts and electronic shares? Is it underground and subversive, challenging the power of governments, or will it integrate into mainstream finance and go unnoticed? If you know the answers to any of these questions, or if you can figure out how to capitalize on them there may be many lucrative opportunities for you in the Bitcoin space. For more inquiries about Bitcoin and how to generate it thru Airbit Club trading platform, you may contact team Conquerors Hotline: Email: cryptocurrencybillionaire777@gmail.com
Views: 6558 CRYPTOCURRENCY WORLD
What is Bitcoin?
 
03:24
To get more information Visit: http://www.tadakaluri.org This is a short animated video introduction to Bitcoin or BTC Bitcoin (BTC) is a cryptocurrency where the creation and transfer of bitcoins is based on an open-source cryptographic protocol that is independent of any central authority. Bitcoins can be transferred through a computer or smartphone without an intermediate financial institution. The concept was introduced in a 2008 paper by pseudonymous developer Satoshi Nakamoto, who called it a peer-to-peer, electronic cash system.
Views: 4676 Nagaraju Tadakaluri
Bitcoin, Blockchain, and Distributed Ledger Technology: Hype or Reality?
 
01:51:33
Settima lezione del corso Bitcoin and Blockchain Technology di Milano Bicocca (2017) donazioni bitcoin:1FEz167JCVgBvhJBahpzmrsTNewhiwgWVG Grazie a Paolo Aralla e BapuFilm (https://www.facebook.com/Bapufilm) per le riprese ed il montaggio slides: https://speakerdeck.com/nando1970/bitcoin-blockchain-and-distributed-ledger-technology-hype-or-reality https://www.slideshare.net/Ferdinando1970/bitcoin-and-blockchain-technology-an-introduction-75326058 --------------------------------------------------------------------- https://github.com/fametrano https://twitter.com/Ferdinando1970 https://speakerdeck.com/nando1970 https://www.reddit.com/user/Nando1970/ https://www.slideshare.net/Ferdinando1970 https://it.linkedin.com/in/ferdinandoametrano https://www.youtube.com/c/FerdinandoMAmetrano -------------------------------------------------------------------------------- Edificio U6, Aula 11 Piazza dell'Ateneo Nuovo 1, 20126 Milano 27/03/2017: Introduzione (https://goo.gl/tbB4Pu) + Hash functions 08/05/2017: Elliptic Curve Digital Signature Algorithm 15/05/2017: Blockchain, Merkle Tree, Consensus 29/05/2017: Transactions 05/06/2017: Bitcoin Core; bitcoin wallets 12/06/2017: Hayek Money (https://goo.gl/g65Nzp) 19/06/2017: Distributed Ledger Technology (https://goo.gl/oQDNeS) --------------------------------------------------------------------- Riferimenti bibliografici per il corso: Satoshi Nakamoto, "Bitcoin: A Peer-to-Peer Electronic Cash System", https://bitcoin.org/bitcoin.pdf Andreas M. Antonopoulos, Mastering Bitcoin: Unlocking Digital Cryptocurrencies (forthcoming 2nd edition "Mastering Bitcoin: Programming the Open Blockchain") Pedro Franco, “Understanding Bitcoin” A. Narayanan, et al., “Bitcoin and Cryptocurrency Technologies” Christof Paar, Jan Pelzl, "Understanding Cryptography" Ferdinando Ametrano, "Hayek Money: The Cryptocurrency Price Stability Solution", https://ssrn.com/abstract=2425270 Robert Sams, "A Note on Cryptocurrency Stabilisation: Seigniorage Shares" https://github.com/rmsams/stablecoins/blob/master/paper.pdf ---------------------------------------------------------------------------------------- Online courses: Arvind Narayanan, Bitcoin and Cryptocurrency Technologies, Princeton University, https://www.coursera.org/learn/cryptocurrency Dan Boneh, Cryptography I, Stanford University, https://www.coursera.org/learn/crypto Dan Boneh, Cryptography II, Stanford University, https://www.coursera.org/learn/crypto2 Christof Paar, Introduction to Cryptography, https://www.youtube.com/channel/UC1usFRN4LCMcfIV7UjHNuQg, http://www.crypto-textbook.com/, http://wiki.crypto.rub.de/Buch/en/slides.php, https://openlibrary.org/books/ia:Understanding_Cryptography/Understanding_cryptography_a_textbook_for_students_and_practitioners -------------------------------------------------------------------------
Views: 10624 Ferdinando M. Ametrano
How Get by Free BTC and 0.23 Free satoshi in one hour for you tube,08/22/2018.
 
02:12
Hello Guys in this video I am going to show you How to Earn Many Bitcoins Daily Without any Investment | 100% working trick in hindi .. How Get by Free BTC and 0.23 Free satoshi in one hour for you tube,08/22/2018. watching your videos...................... Please subscribe me our channel. more this videos. and videos this link,,,,, https://youtu.be/InO4Wr5mIa8 hindi,free bitcoin,earn free bitcoin,litecoin,earn unlimited bitcoin,bitcoins,earn free,ethereum,cryptocurrency,bitcoins alternative, money bank,Bitcoin,Dogecoin,Dashcoin,Litecoin,Free Bitcoin,Free Bitcoins,Free BTC,Free Bitcoin Faucet,Faucet,Bitcoin Faucet,Free Bitcoin Mining,Free Cloud Mining,Get Free Bitcoins,Primedice Earning,Primedice Hack,Primedice Bitcoin,How To Earn Free Bitcoin With Primedice.. Earn Free Bitcoin 130000 Satoshi In 1 Day - World Trusted And 100% Real Paying Website - HUMAYUN MHA. Earn Free 40000 Satoshi Daily Free Earn Bitcoin ($10.79) No Investment - Instant Withdraw. Thanks for watching this video , I hope you Enjoy This Video | Yo Guys ! Join Free Bitcoin Today & Earn More than 10 Lakhs .. it's 100% Genuine Website. Any ways, Thanks for watching this video, Please Share this informative Video to you Friends, Family Members, Everywhere !.. Bitcoin Introdaction, Bitcoin Prevailing bitcoin logo Prevailing bitcoin logo Denominations Plural bitcoins Symbol ₿[a] Ticker symbol BTC, XBT[b] Subunits  ​1⁄1000 millibitcoin  ​1⁄100000000 satoshi[2] Coins Unspent outputs of transactions (in multiples of a satoshi)[3]:ch. 5 Development Original author(s) Satoshi Nakamoto White paper "Bitcoin: A Peer-to-Peer Electronic Cash System"[5] Implementation(s) Bitcoin Core Initial release 0.1.0 / 9 January 2009 (9 years ago) Latest release 0.16.2 / 29 July 2018 (24 days ago)[4] Website bitcoin.org Ledger Ledger start 3 January 2009 (9 years ago) Timestamping scheme Proof-of-work (partial hash inversion) Hash function SHA-256 Issuance Decentralized (block reward)[7][8] Block reward ₿12.5[c] Block time 10 minutes Block explorer www.blockchain.com Circulating supply ₿16,858,762 (as of 11 February 2018) Supply limit ₿21,000,000 [6] The symbol was encoded in Unicode version 10.0 at position U+20BF ₿ BITCOIN SIGN in the Currency Symbols block in June 2017.[1] Compatible with ISO 4217. July 2016 to approximately June 2020, halved approximately every four years This article contains special characters. Without proper rendering support, you may see question marks, boxes, or other symbols. Bitcoin (₿) is a cryptocurrency, a form of electronic cash. It is a decentralized digital currency without a central bank or single administrator.[7] Bitcoins can be sent from user to user on the peer-to-peer bitcoin network directly, without the need for intermediaries. Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain. Bitcoin was invented by an unknown person or group of people using the name Satoshi Nakamoto[9] and released as open-source software in 2009.[10] Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies,[11] 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.[12]. In 2013 prices started at $13.30 rising to $770 by 1 January 2014.[30] In March 2013 the blockchain temporarily split into two independent chains with different rules. The two blockchains operated simultaneously for six hours, each with its own version of the transaction history. Normal operation was restored when the majority of the network downgraded to version 0.7 of the bitcoin software.[35] The Mt. Gox exchange briefly halted bitcoin deposits and the price dropped by 23% to $37[36][37] before recovering to previous level of approximately $48 in the following hours.[38] The US Financial Crimes Enforcement Network (FinCEN) established regulatory guidelines for "decentralized virtual currencies" such as bitcoin, classifying American bitcoin miners who sell their generated bitcoins as Money Service Businesses (MSBs), that are subject to registration or other legal obligations.[39][40][41] In April, exchanges BitInstant and Mt. Gox experienced processing delays due to insufficient capacity[42] resulting in the bitcoin price dropping from $266 to $76 before returning to $160 within six hours.[43] The bitcoin price rose to $259 on 10 April, but then crashed by 83% to $45 over the next 3 days.[33] On 15 May 2013, the US authorities seized accounts associated with Mt. Gox ..
Views: 103 Taknak news
The Blockchain Series by Mohr World Consulting
 
04:12
Introduction to the Blockchain Series by Hugo Cuevas-Mohr, partner at Mohr World Consulting. Edited by Luis Sosa Since November 2008 when the paper under the name of Satoshi Nakamoto entitled “Bitcoin: A Peer-to-Peer Electronic Cash System“ appeared, taking a giant step over previous works of the similar nature and the January 2009 genesis block of bitcoin was created, the blockchain world has been evolving rapidly. Bitcoin’s decentralized blockchain is a break though in cryptography, economics and computer science and since Bitcoin’s humble beginnings it has grown to over $4000 dollars in value per bitcoin. Even though it’s still very early, the Bitcoin blockchain and other Blockchain based systems continue to evolve as thousands of minds in the world are attracted to the field and build innovative uses and solutions. The Blockchain Series builds from all this dynamic movement by bringing to you the business pioneers that have seen the potential of this new technology and are developing services & products on top of the blockchain protocol. We are in a time similar to 1988 when the landmark first Interop trade show was born and the internet took off like a rocket and businesses understood that it was time to embrace the technology and run with it. Technology developments are spreading faster and transforming society quicker than ever. The objective of the Blockchain Series is to give you a front row seat to a business transformation that has already begun even though most of society is still not aware of its implications. The day seminars that we have prepared are meant to put in front of you the business minds that have understood the technology. They are already building companies, products & services using this open source, distributed digital ledger where records of information are created chronologically and publicly, linked and secured using cryptography. This technology, like internet, is not for the big corporations only, is for everyone. Remember, the Blockchain protocol is open-source and anyone can profit and benefit from it. This is not only happening in Europe, North America or the rich countries in Asia. Same as Africa, who is making a giant leap forward over the rest of the world using mobile financial services, the opportunity for emerging economies is probably greater that in the complex and complacent developed world. You will be able to listen, understand and question the speakers and panelists, the business pioneers that are building the next Google, Apple, Amazon and you will be forced to make your own conclusions on what are the steps, that you as a professional and as part of company, need take to be able to understand the future and be ahead of the curve. Now, imagine that you are a surfer; we will take you to a place with the most amazing barrels…. Are you ready to catch this large wave and raise yourself amidst the uninformed crowd? We are challenging you to do this. Join us!
Views: 101 IMTC Conferences
What are Cryptocurrencies
 
02:50
What is cryptocurrency and how cryptocurrencies emerged as a side product of digital cash Subscribe to our channel : https://www.youtube.com/channel/UCGD0xyxvuJgg5b3iKoYCeuw Official website : http://www.blockchainsensation.com/ Like our Facebook page : https://www.facebook.com/pg/Blockchain-Sensation-1735598703402923/ Follow us on Twitter : https://twitter.com/BlockchainSNews Finf us on Google plus : https://plus.google.com/u/1/110493908801403410467?hl=en Few people know, but cryptocurrencies emerged as a side product of another invention. Satoshi Nakamoto, the unknown inventor of Bitcoin, the first and still most important cryptocurrency, never intended to invent a currency. In his announcement of Bitcoin in late 2008, Satoshi said he developed “A Peer-to-Peer Electronic Cash System.“ His goal was to invent something; many people failed to create before digital cash. What are cryptocurrencies really? If you take away all the noise around cryptocurrencies and reduce it to a simple definition, you find it to be just limited entries in a database no one can change without fulfilling specific conditions. This may seem ordinary, but, believe it or not: this is exactly how you can define a currency. Take the money on your bank account: What is it more than entries in a database that can only be changed under specific conditions? You can even take physical coins and notes: What are they else than limited entries in a public physical database that can only be changed if you match the condition than you physically own the coins and notes? Money is all about a verified entry in some kind of database of accounts, balances, and transactions. How miners create coins and confirm transactions Let‘s have a look at the mechanism ruling the databases of cryptocurrencies. A cryptocurrency like Bitcoin consists of a network of peers. Every peer has a record of the complete history of all transactions and thus of the balance of every account. A transaction is a file that says, “Bob gives X Bitcoin to Alice“ and is signed by Bob‘s private key. It‘s basic public key cryptography, nothing special at all. After signed, a transaction is broadcasted in the network, sent from one peer to every other peer. This is basic p2p-technology. Nothing special at all, again. Subscribe to our channel : https://www.youtube.com/channel/UCGD0xyxvuJgg5b3iKoYCeuw Official website : http://www.blockchainsensation.com/ Like our Facebook page : https://www.facebook.com/pg/Blockchain-Sensation-1735598703402923/ Follow us on Twitter : https://twitter.com/BlockchainSNews Finf us on Google plus : https://plus.google.com/u/1/110493908801403410467?hl=en
What is bitcoin and Cryptocurrency  in Urdu/Hindi - TechTalk#2
 
10:29
Complete Introduction to bitcoin and Cryptocurrency and how Cryptocurrency. Bitcoin Minners and BlockChain Works. Satoshi Nakamoto's Research Paper "Peer to Peer Electronic Cash System" Published in January 2009 https://bitcoin.org/bitcoin.pdf For More Videos and Courses Please Do visit our Website www.directionmakerr.com
Views: 32 direction maker
AIRBIT CLUB PANAMA
 
00:27
BITCOIN : What Is It and why Is It Important? Bitcoin‘s inventor, Satoshi Nakamoto, described Bitcoin as “A Peer-to-Peer Electronic Cash System” in the original 2009 Bitcoin whitepaper – the document which created the roadmap for Bitcoin. To date, this is still the most simple and accurate description. Bitcoin is a consensus network that enables a new payment system and a completely digital money. It is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen. From a user perspective, Bitcoin is perhaps best described as ‘cash for the Internet’, but Bitcoin can also be seen as the most prominent triple entry bookkeeping system in existence. It is also known as digital cash, cryptocurrency, an international payment network, the internet of money – but whatever you call it, Bitcoin is a revolution that is changing the way everyone sees and uses money. The beauty of Bitcoin is that it requires no central servers or third-party clearing houses to settle transactions – all payments are peer-to-peer (P2P) and are settled in about 10 minutes – unlike credit card payments, which can take weeks or months before they’re finally settled. All Bitcoin transactions are recorded permanently on a distributed ledger called the “blockchain” – this ledger is shared between all full Bitcoin “miners” and “nodes” around the world, and is publicly-viewable. These miners and nodes verify transactions and keep the network secure. For the electricity they use to do this, miners are rewarded with new bitcoins with each 10-minute block (the reward is currently 12.5 BTC per block). The Bitcoin protocol is also hard-limited to 21 million bitcoins, meaning that no more than that can ever be created. This means that no central bank, individual or government can come along and simply ‘print’ more bitcoins when it suits them. In this sense Bitcoin is a deflationary currency, and as such is likely to grow in value based on this property alone. Bitcoin is still a cutting-edge experiment in technology and economics, and like the worldwide web in 1995, its myriad potential, purposes and applications are yet to be decided. Is it just electronic money? A foundation for smart contracts and electronic shares? Is it underground and subversive, challenging the power of governments, or will it integrate into mainstream finance and go unnoticed? If you know the answers to any of these questions, or if you can figure out how to capitalize on them there may be many lucrative opportunities for you in the Bitcoin space. For more inquiries about Bitcoin and how to generate it thru Airbit Club trading platform, you may contact team Conquerors Hotline: Email: cryptocurrencybillionaire777@gmail.com