I Do Not Buy Bitcoin -- How Bitcoin Could Go to $0
Like, Comment, and Share my videos!
🔔 SUBSCRIBE HERE 🔔 http://bit.ly/BroeSubscribe
💯 LET’S CONNECT 💯
📷 Instagram @JakeBroe 👉 / jakebroe
🐦 Twitter @Broe_Jake 👉 / broe_jake
👇 👇 Watch My Other Videos Here 👇 👇
★ Why People Lose Money in Stocks (The Story of Mr Market)
• Why People Lose Money in Stocks (The ...
★ Is Tesla Stock a Ponzi Scheme?
• Is Tesla Stock a Ponzi Scheme?
★ Taxes on Day Trading & Swing Trading
• Taxes on Day Trading & Swing Trading
📷 📷 My YouTube Equipment 📷 📷
► My Camera 👉 https://amzn.to/2UZpFwA
► My Wide-Angle Lens 👉 https://amzn.to/2Qwf3Sq
► My Wireless Microphone 👉 https://amzn.to/2QBV9W0
► My Shotgun Microphone 👉 https://amzn.to/36bdLTv
► My Lighting 👉 https://amzn.to/2F5Ey7V
► My Light Diffusers 👉 https://amzn.to/2tjF8fG
================
‘Trillion Dollar’ Mt. Gox Demise as Told by a Bitcoin Insider
https://www.bloomberg.com/news/articl...
This man owns $321M in bitcoin — but he can't access it because he lost his password
https://www.cbc.ca/radio/asithappens/...
Bitcoin scalability problem
https://en.wikipedia.org/wiki/Bitcoin...
The Day When Computers Can Break All Encryption Is Coming
https://www.wsj.com/articles/the-race...
https://www.technologyreview.com/2019...
How a quantum computer could break 2048-bit RSA encryption in 8 hours
Quantum computers could crack Bitcoin by 2022
https://decrypt.co/28560/quantum-comp...
What Is Bitcoin?
Bitcoin is a digital currency that was created in January 2009. It follows the ideas set out in a whitepaper by the mysterious and pseudonymous Satoshi Nakamoto. The identity of the person or persons who created the technology is still a mystery. Bitcoin offers the promise of lower transaction fees than traditional online payment mechanisms and, unlike government-issued currencies, it is operated by a decentralized authority.
Bitcoin is a type of cryptocurrency. There are no physical bitcoins, only balances kept on a public ledger that everyone has transparent access to. All bitcoin transactions are verified by a massive amount of computing power. Bitcoins are not issued or backed by any banks or governments, nor are individual bitcoins valuable as a commodity. Despite it not being legal tender, Bitcoin is very popular and has triggered the launch of hundreds of other cryptocurrencies, collectively referred to as altcoins. Bitcoin is commonly abbreviated as "BTC."
Understanding Bitcoin
The bitcoin system is a collection of computers (also referred to as "nodes" or "miners") that all run bitcoin's code and store its blockchain. Metaphorically, a blockchain can be thought of as a collection of blocks. In each block is a collection of transactions. Because all the computers running the blockchain has the same list of blocks and transactions, and can transparently see these new blocks being filled with new bitcoin transactions, no one can cheat the system.
Anyone, whether they run a bitcoin "node" or not, can see these transactions occurring live. In order to achieve a nefarious act, a bad actor would need to operate 51% of the computing power that makes up bitcoin. Bitcoin has around 12,000 nodes, as of January 2021, and this number is growing, making such an attack quite unlikely.2
================
📧 E-mail me at: JakeBroeYT [at] gmail [dot] com
Official business inquiries can be sent here. Personal e-mails will be discarded.
================
#Bitcoin #Cryptocurrency #Blockchain
================
DISCLAIMER:
This video is for entertainment purposes only. I am not a legal or financial expert or have any authority to give legal or financial advice. While all the information in this video is believed to be accurate at the time of its recording, realize this channel and its author makes no express warranty as to the completeness or accuracy, nor can it accept responsibility for errors appearing in this video.
ADVERTISER DISCLOSURE:
Jake is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to www.amazon.com. Additionally, other referral links are included and this channel does receive compensation for sending traffic to partner sites. Shopping through our links is an easy way to support the channel and we appreciate and are super grateful for your support!