T4D #84 - Pt 1 Bitcoin, how it works and my experience with it.

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Название	:	T4D #84 - Pt 1 Bitcoin, how it works and my experience with it.
Продолжительность	:	40.49
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01 bit coin is 2400 today expensive router
Comment from : Mark Morris

Welcome to the future 2022 and its high has been 69k Wish i could go back in time
Comment from : AWI Designs

What a gem the YouTube algorithm has given me Its so interesting to look back at pre 2017 crypto content
Comment from : Bonanzaking

And now you're rich Congratulations
Comment from : AwesomeDude272

You stated why this is a ponzi scheme: the price of bitcoin must increase or it will collapse because of fees, new bitcoin being created, and the never ending cost of maintaining the network Also, you didn't mention the exponential growth of the network which will make the Blockchain too big to function in time Lastly, research the NSA 1996 virtual currency paper This system failed and they discarded it There are many more issues which illustrate this is a ponzi scheme of epic proportions
Comment from : mrdave2112

As usualexcellent video! I should have watched it 4 years ago
Comment from : Daniele G

thank you , wich bitcoin miner would you recomend at the time, as i want to play around with it, as i have solar power and i think i could tak some advantages out of it :)
Comment from : Jose Fernandes

Sir , you are above awesome in my books Your lessons are great and soooooooo clear and understandable I'm so glad I found your channel! You are the definition of BAKGAT Thank you :)
Comment from : N3wtonic

Can you do a tutorial on how to diagnose motherboard faults with a multi-meter? Also thank you for explaining things to me better than my teachers :)
Comment from : Jakob

please what is bitcoin all about
Comment from : Amirok16

once again the rich will get richer they can afford more processing power
Comment from : caribbeanchild

sorry mate i might sound like a fool im trying to work out a good investment and i have mates using this but I simply cant in my own mind work out whats going on So currently im running a Pentium with 16 cores overclocked with 64 gig ram on a 790ti nvidia card are you saying i could have my pc sit here making me money? :) sorry half way thru ya vid and the subjects so foreign im like what the freakin hell are we even talking about hope you get what i mean I gather that my mates thort id understand quicker i dont ahaha
Comment from : Jesse Lawton

seems like the only one making money is the one selling these mining devices more power more money for the unit like a virtual pyramid
Comment from : Meta Jesus

How is your BTC today? Or was?brCheers John
Comment from : VietVet2008

Excellent overview which answers most of the questions I had and clearly up to date concerning the processing power required to gain from buying into it It is complicated but getting simpler
Comment from : EdCranium

i think this is the biggest computer decryption done with minimal cost for the company that made this viscous circle Why i say this? Coz just think The company made the scheme so for them to work they need a place to make the "coins" decryption ( your pc) with minimal cost for them, a place so you can sell your bitcoins (with transaction fee) so you'r paying to get money and you actually need to upgrade your hardware every once a while Why i think it's a scam? Not because you can't make money, but coz the company behind this is building up the biggest encryption ever made using almost minimal costs and basically it uses you to buy the latest hardware just to make their calculations If one billion pcs would do that they could be invisible on the internet world
Comment from : Nick_Cy

The inflation rate is not controlled by the government, it is controlled by the Fed and international bankers They create more money (quantitative easing) which devalues the dollar and increases inflation Plus, they're all crooks
Comment from : Andy Blanchfield