How Bitcoin Works in 5 Minutes (Technical)

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How Bitcoin Works in 5 Minutes (Technical)

A short introduction to how Bitcoin Works. Want more? Check out my new in-depth course on the latest in Bitcoin, Blockchain, and a survey of the most exciting projects coming out (Ethereum, etc): https://app.pluralsight.com/library/courses/bitcoin-decentralized-technology
Lots of demos on how to buy, send, store (hardware, paper wallet). how to use javascript to send bitcoin. How to create Ethereum Smart Contract, much more.

Written Version: http://www.imponderablethings.com/2014/04/how-bitcoin-works-in-5-minutes.html

Less technical version: https://www.youtube.com/watch?v=t5JGQXCTe3c

Donation address: 1K7A6wsyxj6fThtMYcNu6X8bLbnNKovgtP

Germain caption translation provided by adi331 : 19s6rqRfHa19w7wcgwtCumPs1vdLDj1VVo (thanks!!)

What do you think about current markets? Are you bullish or bearish? Feel free to leave a comment below! Thank you all so much for watching the video. If you enjoyed the video, please consider dropping a like and subscribing. Running into some trouble or questions? Feel free to leave them down in the comments below!

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Disclaimer: Statements on this site do not represent the views or policies of anyone other than myself. The information on this site is provided for discussion purposes only, and are not investing recommendations. Under no circumstances does this information represent a recommendation to buy or sell securities.
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40 Responses to “How Bitcoin Works in 5 Minutes (Technical)”

  1. amommamust

    29. Sep, 2017

    Yeah, it makes it very clear that this is most likely a Wall Street /bankster backed plan to move us off fiat currency and into digital fiat currency. Thanks for taking the time.

    Reply to this comment
  2. Jeffrey Wong

    29. Sep, 2017

    that's one expensive lawnmower

    Reply to this comment
  3. Peyton Artz

    29. Sep, 2017

    I would love to meet the person who wrote/created bitcoin

    Reply to this comment
  4. Ricardo Montanez

    29. Sep, 2017

    clear as mud!

    Reply to this comment
  5. Denys A

    29. Sep, 2017

    You're kidding me! Someone is supposed to understand this?! This is an example of why Bitcoin doesn't work, won't ever work.

    Reply to this comment
  6. Brian Kerezsi

    29. Sep, 2017

    Actually one of the better descriptions I have read/watched. I think I almost understand it now!

    Reply to this comment
  7. Kami

    29. Sep, 2017

    No more money is given out after 2140?… That day will mark the end of bitcoin.

    Reply to this comment
  8. KieranD9503

    29. Sep, 2017

    5.2 btc 10396.07 British Pound is this lawnmower made out of gold?

    Reply to this comment
  9. Sun Daze

    29. Sep, 2017

    Sounds to time consuming to me.

    Reply to this comment
  10. SlashTrike

    29. Sep, 2017

    I got an Ad from DASH. They are against Bitcoins…….

    Reply to this comment
  11. Ak4tsuki-kun

    29. Sep, 2017

    Fuck off me, IDK why I clicked on this shit, I'm lost and confused.

    Reply to this comment
  12. Vornicu Iulian

    29. Sep, 2017

    I get a Bitcoin ad at the start of the video, coincidence?

    Reply to this comment
  13. Daniel Raynor

    29. Sep, 2017

    oh and pc players, these bitcoin miners are the reason that no decent gpus are available. So thanks miners who should get a real job

    Reply to this comment
  14. -,' RED ',-

    29. Sep, 2017

    I still don't understand bitcoin

    Reply to this comment
  15. ScorpioX`

    29. Sep, 2017

    poor scott

    Reply to this comment
  16. Sapphire Axel

    29. Sep, 2017

    My head hurts..

    Reply to this comment
  17. Jeff Sol

    29. Sep, 2017

    not sure about bitcoin. I can't put it in my wallet like a dollar bill or put it away like gold or silver coins. And its not really a scarcity item as it could be replicated over and over again, or be remade into another type ie Eth, dogecoin, etc.

    Reply to this comment
  18. SkyMix_RMT

    29. Sep, 2017

    Still dont get it ….

    Reply to this comment
  19. Youtube Channel

    29. Sep, 2017

    I don't get it. This video doesn't tell you how to use it. How do you get started? Where do you get it?

    Reply to this comment
  20. Tarom456

    29. Sep, 2017

    Who knew that Alice can be so sneaky?

    Reply to this comment
  21. LEGIT mofo

    29. Sep, 2017

    What website do you use to buy crypto currency?

    Reply to this comment
  22. divinegrace92

    29. Sep, 2017

    Everyone's buying now !!!!! It's on a bull run !!!

    Reply to this comment
  23. robin oosterbosch

    29. Sep, 2017

    Dont be sorry man you have been ride so much times give us great advice and now you do a quick respons on the needs of the markets we cant ask for more i dont think you understand how much of a help you are to us so big thanks and keep up the good work

    Reply to this comment
  24. Vijay S

    29. Sep, 2017

    Nick, you are doing great on the technical analysis and it's trend on crypto currencies.

    By the way can you do a video on DASH. And it's price movement since the difficulty is skyrocketing, is there scope for upward movement. Your take on this. Thanks.

    Reply to this comment
  25. Christopher Kaleb Santos

    29. Sep, 2017

    @datadash Can you make a video regarding on how to use trading view and the settings you use for it? Thank you! Appreciate your work!

    Reply to this comment
  26. Phi Nguyen

    29. Sep, 2017

    18 disliked wtf????!? This guy is so honest and I love every single one of his videos…

    Reply to this comment
  27. Panagiotis Pantis

    29. Sep, 2017

    Edgeless casino is opening tomorrow, do you think the market will jump up for it?

    Reply to this comment
  28. aStrayforMyTime

    29. Sep, 2017

    you where only off about 30 hours

    Reply to this comment
  29. L.C Cee

    29. Sep, 2017

    This guy don't need to even do what he does n he's more right than wrong with his calls n anyone giving u a hard time about u help other to gain $ to advance there life of r help them take care of there family doesn't need to be on his channel nick ya the man in my eyes n I know others think the same ty brother for ya shit u teach me on here. Um all handful for everything I learn n I see it on my bittrex account n um new in this space just had to say leave nick the fuck alone assholes here god ppl

    Reply to this comment
  30. colin adam

    29. Sep, 2017

    All good. You're not giving financial advice. You simply review the markets and give an opinion.

    Reply to this comment
  31. VICTOR ETIM

    29. Sep, 2017

    Reply to this comment
  32. corey Dickerhoof

    29. Sep, 2017

    Nick your information is always solid! Like stocks I always read and do my own due diligence. Like a teacher you guide us and our job is to find answers. Keep up the amazing work, you are this generation cryto guru!

    Reply to this comment
  33. Santi Jiang

    29. Sep, 2017

    Do you use a tether wallet or you just keep it in the exchange?

    Reply to this comment
  34. Lourens Joubert

    30. Sep, 2017

    NICK!!!

    You are so cool. Thank you very much for the very good feedback, a great channel and most of all your humble approach to what you do.

    All your subscribers should thank you for what you do for us. No need to apologize

    THANK YOU!! <= yes the caps are deliberate!!

    🙂

    ps. I do wish I saw you video earlier but that's on me

    Reply to this comment
  35. elams1894

    30. Sep, 2017

    No need to apologize brother, your insights are more than appreciated, great channel!

    Reply to this comment
  36. Conor McVeigh

    30. Sep, 2017

    HI Nick, amazing videos. Do you havew thoughts on Bitindia? Would love to hear what you think. Seems like if it does take off it could be widely used.

    Reply to this comment
  37. Marguerite Hoberg

    30. Sep, 2017

    Nick, got a question for you. I am new to crypto and strategizing in a micro kind of sense. I just locked in and sold a bit of Neo for BTC. The price of BTC is also up from 3K. Am wondering if I should trade it for USD or leave it in BTC. What are some general strategies you use to determine when to cash out to USD and when to hold in BTC? Thanks.

    Reply to this comment
  38. Jerry Vázquez

    30. Sep, 2017

    Ripple holding?

    Reply to this comment
  39. Bordax

    30. Sep, 2017

    What do you consider "Long term"? 1 year? 2 months? 10 years? Thank you Nick 🙂

    Reply to this comment
  40. Andreas Stock Man

    30. Sep, 2017

    mate you are doing a fantastic job so I don't know why people complaining. you give us your perspective but people need to use their own judgement on what positions to get in . most of your followers probably never even read a book about technical analysis and or have not even got any trade experience. some of us are a little bit older and possibly have traded other instruments before so we know markets are unpredictable. but for people to just come in and say oh you told me to do this and that is absolute rubbish and unnecessary. do your own research , study the market and come up with your own understanding of markets and trading and then watch Nick's videos to get a second opinion on the Cryptos. I love your analysis , you doing a great service to everyone new and seasoned traders especially those new to Cryptos. so thank you , I am leaning something new everyday even if it's just looking at things i might already know from a different. angle . big thank you. peace

    Reply to this comment

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