Bitcoin: How Cryptocurrencies Work

Whether or not it's worth investing in, the math behind Bitcoin is an elegant solution to some complex problems. Hosted by: Michael Aranda Special Thanks: Dalton Hubble Learn more about Cryptography: https://www.youtube.com/watch?v=-yFZGF8FHSg ---------- Support SciShow by becoming a patron on Patreon: https://www.patreon.com/scishow ---------- Dooblydoo thanks go to the following Patreon supporters—we couldn't make SciShow without them! Shout out to Bella Nash, Kevin Bealer, Mark Terrio-Cameron, Patrick Merrithew, Charles Southerland, Fatima Iqbal, Benny, Kyle Anderson, Tim Curwick, Will and Sonja Marple, Philippe von Bergen, Bryce Daifuku, Chris Peters, Patrick D. Ashmore, Charles George, Bader AlGhamdi ---------- Like SciShow? Want to help support us, and also get things to put on your walls, cover your torso and hold your liquids? Check out our awesome products over at DFTBA Records: http://dftba.com/scishow ---------- Looking for SciShow elsewhere on the internet? Facebook: http://www.facebook.com/scishow Twitter: http://www.twitter.com/scishow Tumblr: http://scishow.tumblr.com Instagram: http://instagram.com/thescishow ---------- Sources: https://bitinfocharts.com/ https://chrispacia.wordpress.com/2013/09/02/bitcoin-mining-explained-like-youre-five-part-2-mechanics/ https://www.youtube.com/watch?v=Lx9zgZCMqXE https://www.youtube.com/watch?v=nQZUi24TrdI https://bitcoin.org/en/how-it-works http://www.forbes.com/sites/investopedia/2013/08/01/how-bitcoin-works/#36bd8b2d25ee http://www.makeuseof.com/tag/how-does-bitcoin-work/ https://blockchain.info/charts/total-bitcoins https://en.bitcoin.it/wiki/Controlled_supply https://www.bitcoinmining.com/ http://bitamplify.com/mobile/?a=news Image Sources: https://commons.wikimedia.org/wiki/File:Cryptocurrency_Mining_Farm.jpg

Comments

1. is bitcoin truly a non-hackable software ???
   who is the responsible if anything goes wrong ???
2. youtube please stop those scary advertisements !!
3. $1220 per bitcoin now
4. So when quantum computers come along....bitcoin dies.
5. What a great video! Thanks for the great explanation!
6. You would be insane to not put money into bit coin if you have money to spare. In our next great stock market crash there will be only one currency that will go up.
7. wait, was that the CGPGrey? Has we finally seen his face?
8. But WHY is a bitcoin worth so much if they can just give new bitcoins to miners. Doesn't inflation still take effect?
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10. The Champcoin price on Jan 2017 $0.15
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12. watches video
    me: ...huh?
13. naaah... to complex for me. have to visualize this in shady poker game/drawing/peer to peer... tell me it works
14. Big banks have competition
15. A great site to win or earn Bitcoin is SHARKOIN
16. i don't understand how the bit coins have actual value compared to gold or rare elements. if it's just online how is there actual value
17. I'm glad I invested and I have a Visa card to spend my Bitcoin just like cash.
18. someone pleasseeeeeee tell me what will happens when there are no more bitcoins to mine??? How are these "bitcoin transactions" going to continue to take place when there is no incentive to mine bitcoins thus no-one(no-device) completing the algorithms to complete the transactions.
19. #Champcoin price on Jan 2017 Rs 1
    #Champcoin price on Feb 2017 Rs 5
    #Champcoin price on March 2017 Rs 10_*
    #Champcoin price on April 2017 Rs 42_*
    
    %Expected price of Champcoin in This December 2017 is approx Rs 1000
    
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