Honestly I felt like the expert level explaination made way more sense than all the others. The attempts to simplify it almost made it more convoluted.
Dr B i like the analogy you gave but to be more precise without getting much technical Its not automatically approved but anonymous individuals or agencies approve it with math
@@rmmm71709 Blockchain is an algorithm potentially useful beyond crypto-currencies. So far, none of those other applications have been materialized, I am afraid.
The major problem with this video, is the focus on economics. Blockchain Explained should be a computer science expert, *not* an economics expert. This video doesn't go ito how the blockchain works *at all* - only how it is applied.
Asbjørn Olling yeah well there’s more than just the technology. It has to be socialized so the economics side to it is just as important for understanding blockchain.
Since few people are affected by the economical effects id say that those are more important for the legitimization. If further explanation is needed, sure the technological aspects are important. Face it, only few people give a crap that electrons switch spheres between molecules so one can breathe🙈
That's what I was expecting. It was rather disappointing when neither of Level 3-5 were in the CS field. And to be honest, all three of the higher levels basically said the same exact thing.
A chain of digital signatures has been talked about since 2001. The revolutionary part about Bitcoin and blockchain is not the ledger or the chain of digital signatures, but its use of economics to encourage all the parties involved to grow the network by satisfying their greed. No trust required. The technology and economics behind blockchain are equally important if you want to truly understand it.
The economics aspect of it takes, at most, 3 minutes to explain. This very video shows that. The technology being around for years means nothing when it's only now popular.
i really love how she adapted her body language, facial expressions and tone of voice with each person, she'd be a great teacher! a joy to watch and a good explainer.
'Actually I'm selling my computer on e-bay right now.' - 'ThAT's AmAziNg!' Also she lost the first girl completely you can see it in her eyes. She wasn't listening because she didn't understand.
When he asked about selling apples and there being no way to tell what actually got sold I thought he was leading to "Wow this would be great for selling drugs then!".
Have to admit - watched this video about a year ago and had no idea what the expert level conversation was about. Back here now and, after a year of researching blockchain, coins and tokens, everything makes so much sense. Feels good man
In the 25 years that I've been a computer technician, the one thing that I have come to see as consistent is disappointment in how much goes wrong and isn't and won't ever be fixed. This refers to what she said at the end, and I think it is a fact rooted in the physics of the universe. We will always only do what is good enough, not what's good. It's like, companies are always a mess. Stuff that "should" be done is not getting done. They could hire more people and get those things done, but then that would reduce profits and the company was created to create profits. So, as long as those in charge think that things are going well enough to not just completely go out of business, it will always be a mess that's just good enough.
You are precisely incorrect in your example. Companies are motivated by profit in a free market. When successful they “should” and will do what they can to make more profit and remain competitive, so they are innovating and pushing standards higher. A better example would be a government agency. They are not profit driven and do not have competition. So, they will do just enough to not be overthrown or disbanded. This is why streets are often littered with potholes and a visit to the DMV is often such an unpleasant experience.
Exactly why I tend to be skeptical about these scientific idealist types. I think the last guy at least seemed to have an understanding when he talked about rigidity and not addressing problems with the current system 15:45 . I know nothing about blockchain, but it sounds like a lot of it is based on trust in the software.
The historian touched the real pain points of the technology with a deep understanding of underlying mechanisms and practical difficulties. I think he deserves to be Level 6.
Never have I seen a show that makes someone with average and ordinary IQ feel extraordinary. Especially one with elementary Quantum Mechanics and some obtuse cultural references. The show should take a Guinness World Record for producing the world's biggest circle-jerk ever. They should've called it Dunning & Kruger instead of Rich & Morty.
Just so people are aware of what was discussed: Level 1: Explain trade Level 2: Explain decentralized trade Level 3: Explain digital trade (more basic than level 2) Level 4: Answer given: Decentralized immutable trade (pretty close) Level 5: Learn what blockchain actually is (although it doesn't have to be public) Skip to level 5 if you want to know what blockchain is. The other answers are an application of blockchain relating to cryptocurrencies.
Honestly none of them explain it to the level of detail I'd like. But I didn't expect to find that level of detail here anyway, I'm just trying to say It's hard to find a video that actually goes in depth on the programming and actual technology. Like, where are the ledger files stored? What programming language is used? What file extension do the ledgers have? Etc, a lot of etc.But I guess sharing that sort of information could be a security concern?
@@The-Athenian Part 2: 3) This again depends on the currency. You can use any file type, whatever suits your need best. Bitcoin uses .dat files for blocks, .ldb files for lists of unspent transactions. 4) This information is not a security concern. You can download the blockchain yourself, for any that are both public & permissionless. With regards to Bitcoin, anyone can download and store the entire blockchain. If they regularly update it, and manage it, then they are helping by keeping the network decentralized (assuming more people are doing it). The central authority in a mining pool will be doing this, as most people use some sort of pool instead of downloading the blockchain themselves.
@@The-Athenian Part 3: This comment got removed by TH-cam, reposting: Some great resources on this subject: "Core Concepts, Challenges, and Future Directions in Blockchain: A Centralized Tutorial" Or "Blockchain Consensus Protocols in the Wild" For the history of Bitcoin in academia, "Bitcoin's Academic Pedigree" is good. These articles should all be available freely online. Although, they could be a difficult read depending on your familiarity with computer science. They are a bit long too ;P Oreilly also has a good article that might be an easier read. "Chapter 8: mining & consensus" for example.
Imagine being a kid and wanting to hang out with your friends, but your parents want you to be a child actor, so you end up in a studio where a self-styled expert in "transformative technologies" lectures you about trade and peer-to-peer networks
Great series. WIRED needs to add one more level of "difficulty" - a curious adult, who may or may not have a scientific background or a college degree...
yeah that is the high schooler or undergrad student. most curious adults would fall in that level. Most adults just coast after school anyways. you could say teenager/highschooler is good enough.
Yeah, it's because this vid is mixing different concepts. The only thing you need to understand is, "blockchain is literally an electronic accounting ledger." Accountants use ledgers to record details of incoming payments and outgoing payments, whom those payments are between, and the amounts involved (i.e. by adding up all those inbound payments and subtracting all the outbound payments you can determine how much money a person currently holds - the entire history of payments is recorded. Blockchain IS fundamentally just a record of "OWNERSHIP", which could represent ownership of anything. The bitcoin blockchain represents ownership of bitcoin. Other blockchains are used to show ownership of other assets.
Because you need to read or watch something that actually explains it, instead of discussing issues around it. I recommend 3blue1brown's video about it.
I was wondering what it said about me that her intelligence and communication level is so brilliant but I couldn't help noticing how much I like her outfit and her makeup.
He's just good at assuming the persona of what people think an "expert" should sound like. The real expert stayed humble and quiet. The guy at the end is a poser. People get salty at females who know more than them.
*When it comes to the world of investing,most people don't know where to start. Fortunately, great investors of the past and present can provide us with guidance*
I love this basic idea of breaking down to each person's level of understand the subject. WOW, great presentation idea. Some people comments are missing the idea of teaching, so everyone can understand, Kudos . Peace out
*As a computer programmer for the last 10 years, i'm certain that we'll look back at Ethereum as the start of something truly revolutionary. The blockchain and decentralized applications are only beginning to be recognized for the benefits they offer.*
If you want a real laugh... Google her and look at the Wiki preview on the side. Her birthdate and death are of special note. But real talk now - the Warburgs are like the Medici, except that they survived; this chick was born with a golden spoon and a path carved for her in finance, which is why she's all about blockchain and banking.
Nobody understands it completely as it starts and moves beyond our understanding of metaphysics. Who understands block chain the best? Probably Mathematicians and then Computer Scientists. The host sounds qualified enough to explain it to your average tech / comp sci enthusiast browsing youtube videos.
Level 6: When moon, sir? Lambo soon. Sell and get Rekt, HODL forever you must. Tron pumping again, get in before its too late!!! Also join my pump and dump discord, where I will not dump on you at first opportunity, I swear.
true but a good joke. it is simple, works like litecoin and has a great community (developers not so much right now) which is why it is one of only 16 coins on the robinhood crypto launch along with bitcoin, ethereum, stellar, monero, omisego ect... the bad joke was bitconnect.
Blockchain has some advantages, but it has a lot of bad sides also, especially where money is concerned. In short, it puts CONTROL in the hands of those that create and manage the blockchain. You are a complete fool if you think it's 100% decentralized, or if you think the federal government won't use force to GET control over it. The "Cloud" is another example of CONTROL. it's just the latest buzzword that means putting your data on somebody else's servers under their control. Control is a form of money and you should not be giving it away any more than handing out $20 bills to Microsoft even when you get nothing in return. Don't give up control, EVER. if something in your life is outside of your control, find a way to get it in your control.
Anyone else feel like they understand the expert at the end, perhaps even better than the other levels? Historians are skilled at explaining big picture concepts.
I mean if you're a kid u probably don't even own something u are fully dependent to your parents. So basically at the end there's nothing to lose. Unless she trade her parents 💀💀
theres probably a inner conflict going on in him because he has to listen to a woman explaining things to him lol i think his broey look backs up that assumption
Cosi nus why did gender just come up. have you ever seen these? he is an expert is he meant to dumb himself down bc she happens to be female? they are interacting w her asking him questions.
@@sarikatimmi some people just can't help themselves The social sciences (grievance studies) systematically teach people to find and frame x-ism or x-phobia into every social situation
Vaylon Kenadell Yea figure in the 10% fee you'll lose, the listing fees and the chunk that PayPal will take as well. Not sure now, but eBay used to own PayPal, so they were charging you twice
one_who_knocks that's the running joke of this series, people have always realised at the expert level, they let the other do most of the talking. The more advanced, the less talking they do
Yeah, every video I watched follows a similar formula, where they spend far more time letting the expert talk as if the first few minutes were to prepare the viewer for it.
Two people can't honestly explain the same thing to each-other cause they both already know. I mean they should probably change the title of the video. I'm glad they went for an interesting conversation, given the time they had on-screen, rather than just verbally arm-wrestling.
For the newbie if you are actually trading in the crypto space and you don't have a sound mentor. Then you are certainly going to get liquidated in 90% of your trades. Yeah that's the sad truth. I remember when I just got into crypto back in 2019 but later in 2020 I ended up selling it because I have lost alot trading all by myself without a guide. Got back into crypto early in 2023 with $10k and I'm up with $128k in a short period of time.
The future belongs to those who believe in the beauty of their dreams. Success is a state of mind. I think I'm blessed because if not I wouldn't have met someone who is as spectacular as Expert Mrs Lucy Mary Liam.
I have broken through 45k, 72k and got my eyes on 150k USD! Champagne stays popping, she is too awesome.people prefyto spend money on liabilities rather than investing in assets and be very profitable
Hallelujah!!!!!!!!!!! The daily Jesus devotion has been a huge part of my transformation. God is Good 🙌🙌🙌🙌🙌🙌🙌🙌🙌was owing a loan of £47k to the bank for my son's brain surgery(Samuel). Now I am no longer owning after I invested £6500 and got my payout of £290k every month, God bless Lucy Mary Liam 🇺🇸🇺🇸🇺🇸
@@BambaZillah and even that use cases are explained wrong or are overselling the state of the technology like how she avoided the entire question if there is a way to validate if the other end is actually a producer of what you are buying.
@@davidgaines16 As a first timer venturing into cryptocurrency investments, this course has been fairly insightful as it covers all the basics of understanding cryptocurrency markets and the relevant chart analysis techniques. The 1-2-1 sessions were well thought out and composed in an easy to digest manner. Kudos *VIRTUALCRYPTOMINES🟡COM* for making things easily understandable, Overall, it is a very solid Cryptocurrency Programme that I would recommend to anyone interested in learning the fundamentals of cryptocurrency and market chart analysis.
Trading has truly transformed my life. I started with nothing but curiosity and a leap of faith in the financial markets. Despite challenges, I stayed committed, learning and growing with each step. Today, I’m proud to say that trading not only gave me financial freedom but also the means to own a house. It’s been a rewarding journey, and I’m grateful for the opportunities it’s brought my way.
Trading is the real investment. The process of trading can be complicated when you have limited knowledge. However, with the right strategy and setups, you can be successful. That's the whole point of investing
Investing in what create wealth is the best thing anyone should ever do, Recently i invested in both stock and crypto but currently I believe Crypto is doing more better!!
I'm favoured, Getting my own Truck has always been my Dream for my business. I just acquired 2 recently, earning $32K weekly has been really helpful. I can now give back to the locals in my community and also support Charity Organizations. I really appreciate your videos
I have been earning good in crypto, I think I'm blessed because if not I wouldn't have met someone who is as spectacular as expert Deborah Davis, I think she is the best broker I ever seen
seriously, she said that people can "lose bitcoin" when they try to "centralize their wallet" whatever that means, and basically said that it's the fault of the owner when it happens?
That's because at this stage he still thinks he knows a lot. I and all of my cohort were just as excited at the beginning of our PhD lol ah blissful ignorance. It takes a long time and effort to realize how much one doesn't know. And even more to become aware of and fight one's own bias.
- do you know what trade is?
- it's when you give up most of what you want right?
dogecoin people took that personally
Bitcoin
3 words: To the moooon!!!!!
@@dexx8858 Lol
Touche. My trade group calls it Forest Gump coin 😳
🤣🤣
Level 1: Explain an abstract analogy
Level 2: Explain an analogy
Level 3: Explain Blockchain
Level 4: Explain Blockchain
Level 5: *Have Blockchain Explained to you*
definitely agree with #5 all others accurate
but that doesn't really explain anything?
I dont care what level she uses - just keep that eye contact with me.
@@sinjyn66 sinjin? Where is jade?
😍
I want everyone in my life to explain things as though I’m a child because apparently that’s the level that made the most sense to me
Oh cmon. Don’t be like that. 😝
Eh, it’s more that people learn specific trades
@@detox1462 reddit is full of assholes and neckbeards
Learn to understand the more complex explanations then idk
Simplicity is the ultimate sophistication. Only fools overcomplicate their explanations.
Honestly I felt like the expert level explaination made way more sense than all the others. The attempts to simplify it almost made it more convoluted.
I'm glad that I wasn't really only one
Yes, and it just felt to scripted on the learners side
It's pretty stupid
@@mikemayweather741 did you drop out of school?
@@James_the_Builder
I'm sorry but if you can't admit her explanations were lacking then you don't understand the subject.
Kid: Really?
Teen: Thats cool.
College Student: Mhmm
Grad: Conversation
Expert: I explain you listen.
Morgan Beesley 👏👏👏
Morgan Beesley Add times!
Not rly talking about a specific moment its just each different interview in general.
Sounds like the college student understood less than the teen
Morgan Beesley haha
The second kid is super smart. Just note how quickly he gets everything. He immediately asks all the right questions. I'm genuinely impressed.
Scripted and smart enough to learn them.
It's definitely scripted. 🙁
Teenagers are much smarter than people think.
3:06 Definitely scripted
I used to similarly smart at that age.
She could stare into the sun and it would blink first.
Hahaha
Golden comment
5:58 SHE BLINKED
2:29 blink
what a simp
Rip the kid selling his computer on ebay thinking ebay protects the seller.
😂
First thing I thought of
That is one downside of blockchain
She gets even hotter while talking about blockchain
True dat!
Level 6: Elon’s tweets
🚀 🌙
"i like dogs and memes" xD
Dogecoin is a P&D, thanks to Elon Musk, Wall Street, and WallStreetBets.
dogecoin to the moon
laughing so hard gg
She has seen so much money that her eyes stayed opened forever upon shock
Watching crypto go up and up and up does have a cocaine-esque effect on you
@@woodyhitya markets are open 24/7 coke the only thing that’ll keep you awake 😂
@@Luke-mm4fy or adderall
@@Maxlodge as a person on adhd meds this is facts😭 i hope my staring is not that bad
She blinks about 500 times, I don’t understand what these comments are about
This does not explain blockchain it explains how blockchain is used
Higher/Enhanced value
Exactly.
Dr B i like the analogy you gave but to be more precise without getting much technical
Its not automatically approved but anonymous individuals or agencies approve it with math
@@shikharsoneji2495 thanks, I think we have the same idea.
@@rmmm71709 Blockchain is an algorithm potentially useful beyond crypto-currencies. So far, none of those other applications have been materialized, I am afraid.
do experts explain string theory in 5 levels of difficulty
oh shit this needs to happen.
YES YES!!
Child: "What if, but strings?"
Hahahaha ... that would be fantastic!
Yes
1:34
Little Girl: "Really?" 👁👄👁
Bettina: "Really." 👁👄👁
😂😂😂
The expert totally took over the video, and explained everything so amazingly!
and she was hooked to him ;-)
Kid: ‘I trust ebay’
Nigerian prince: hold my email
@Pokeros Gambleros bruh nooooo, outta pocket yoooo
Baaaahaahahahahahahaahhaahahahahahhahahahahahaha
😂😂😂😂😂😂😂😂😂😂😂
The Nigerian prince lol, never gets old 😂😂😂
😜🤣
Instructions unclear: Bought more ETH.
Buy ADA🤩
I bought METH
@@mooncake4511 lmao
Buy MATIC
Just bought some more COKE
The major problem with this video, is the focus on economics. Blockchain Explained should be a computer science expert, *not* an economics expert. This video doesn't go ito how the blockchain works *at all* - only how it is applied.
Asbjørn Olling yeah well there’s more than just the technology. It has to be socialized so the economics side to it is just as important for understanding blockchain.
Since few people are affected by the economical effects id say that those are more important for the legitimization. If further explanation is needed, sure the technological aspects are important. Face it, only few people give a crap that electrons switch spheres between molecules so one can breathe🙈
That's what I was expecting. It was rather disappointing when neither of Level 3-5 were in the CS field. And to be honest, all three of the higher levels basically said the same exact thing.
A chain of digital signatures has been talked about since 2001. The revolutionary part about Bitcoin and blockchain is not the ledger or the chain of digital signatures, but its use of economics to encourage all the parties involved to grow the network by satisfying their greed. No trust required.
The technology and economics behind blockchain are equally important if you want to truly understand it.
The economics aspect of it takes, at most, 3 minutes to explain. This very video shows that. The technology being around for years means nothing when it's only now popular.
*Finally someone who is willing to teach us younger guys instead of pushing some bs course on us. Appreciate it*
Level 6: Satoshi
i was going to say that lol
Level 0: BITCONNECT!!!!!!
Level zero is negotiating with a baby to borrow its teddybear
She won't be doing the explaining
Level 7: Buterin
Blockchain sounds like a combo in Tekken
Coding in Flow lmaoooo yes
I love it 😂😂😂😂 !
That's exactly right
It is a combo... kind of... It's a combo that's blocked
Lmao
The last guy's explanation of bitcoin/blockchain is one of the clearest I've ever heard.
Does anyone know his name? I really like the explanation as well and was wondering if there is more educational content he's done...
Atilla Acs His name is Finn Brunton, it says it in the video
Sir Caco thanks 🙏 that's what I get for only listening to videos 😄🤦♂️
Haha no problem man.
Its so clear, i died
Is that what eye contact looks like when you have zero insecurities? Because I don’t want it
👍 to your underrated comment!
your pfp glorify the comment
I Look at people the same way. People get nervous lol but its just my way
@@stayingweakisnotokay7502 it’s engaging and confident I wish I could
i really love how she adapted her body language, facial expressions and tone of voice with each person, she'd be a great teacher! a joy to watch and a good explainer.
Go to sleep 😒
Yes, she did a great job having an appropriate tone at each level!
Bad explanation tho lol
@@irlvnt id like to see you do better
'Actually I'm selling my computer on e-bay right now.'
- 'ThAT's AmAziNg!'
Also she lost the first girl completely you can see it in her eyes. She wasn't listening because she didn't understand.
Lady: Have you ever sold anything?
Teen: *Just some weed in the school's parking lot*, Ahem- I am selling my computer on Ebay.
When he asked about selling apples and there being no way to tell what actually got sold I thought he was leading to "Wow this would be great for selling drugs then!".
😂😂😂
so much underrated comment lol
best comment everr lol
best comment
Have to admit - watched this video about a year ago and had no idea what the expert level conversation was about. Back here now and, after a year of researching blockchain, coins and tokens, everything makes so much sense. Feels good man
Share your knowledge then. I just started my research on bitcoins and landed here.
@@Acaigeneral we are investing in how we will fundamentally do transactions within the real world and digital world. the internet 3.0
@@Acaigeneral Check out ankr
Yayyyyy!! This makes me feel better! I just started on my block chain education journey!!
@@yepperz ill buy 1000 ankr coins as Soon as my money on coinbase, currently all in matic
She is the kind of smart and pretty that could represent an evil corporation.
and the voice bro. the voice... so a full evil package here
She's not as smart as she sounds
You mean skynet?
@@belguteisama how about ecorp or deus group
@Jermaine Savory because she lost this fool at level 1
More like "Explain blockchain at 3 levels and have 2 in depth discussions."
Haider Ali haha
Which is the point. Any explanation turns into a discussion if your counterpart has a certain level of knowledge.
In the 25 years that I've been a computer technician, the one thing that I have come to see as consistent is disappointment in how much goes wrong and isn't and won't ever be fixed. This refers to what she said at the end, and I think it is a fact rooted in the physics of the universe. We will always only do what is good enough, not what's good. It's like, companies are always a mess. Stuff that "should" be done is not getting done. They could hire more people and get those things done, but then that would reduce profits and the company was created to create profits. So, as long as those in charge think that things are going well enough to not just completely go out of business, it will always be a mess that's just good enough.
You said it!
You are precisely incorrect in your example. Companies are motivated by profit in a free market. When successful they “should” and will do what they can to make more profit and remain competitive, so they are innovating and pushing standards higher. A better example would be a government agency. They are not profit driven and do not have competition. So, they will do just enough to not be overthrown or disbanded. This is why streets are often littered with potholes and a visit to the DMV is often such an unpleasant experience.
Exactly why I tend to be skeptical about these scientific idealist types. I think the last guy at least seemed to have an understanding when he talked about rigidity and not addressing problems with the current system 15:45 . I know nothing about blockchain, but it sounds like a lot of it is based on trust in the software.
Yes exactly
@@thorkappabrosilon govt agencies are not profit driven...?! Pls wake up already
The historian touched the real pain points of the technology with a deep understanding of underlying mechanisms and practical difficulties. I think he deserves to be Level 6.
He went Goku Level
He obviously has a better expertise than the "expert" that was invited for the video...
Me: "Do you know what's blockchain?"
Kid: "I have no idea."
Me: "Haha me neither"
*Video ends*
Neutral ending
Imagine being an Economics & Finance major and not being familiar with the most revolutionary financial innovation of the modern age
Gotta love our education system! Lol
Hahahah I K R!!
Imagine an English major who never read Dostoevsky.
Imagine employers asking Economics & Finance majors to explain what crypto staking is in an interview.
Knowledge is being decentralised and the university’s are not keeping up!
Where is level 6: rick and Morty watcher?
Just a floating brain.
The Richard and Mortimer viewer would be the one giving the explanation to all the experts
Never have I seen a show that makes someone with average and ordinary IQ feel extraordinary. Especially one with elementary Quantum Mechanics and some obtuse cultural references. The show should take a Guinness World Record for producing the world's biggest circle-jerk ever. They should've called it Dunning & Kruger instead of Rich & Morty.
Easy there hypnotica, you're taking Richard and Mortimer a little personally ....
rick and morty fans are level -1, sorry to burst your bubble lol
She taught Zuckerberg how to blink.
Just so people are aware of what was discussed:
Level 1: Explain trade
Level 2: Explain decentralized trade
Level 3: Explain digital trade (more basic than level 2)
Level 4: Answer given: Decentralized immutable trade (pretty close)
Level 5: Learn what blockchain actually is (although it doesn't have to be public)
Skip to level 5 if you want to know what blockchain is. The other answers are an application of blockchain relating to cryptocurrencies.
Honestly none of them explain it to the level of detail I'd like. But I didn't expect to find that level of detail here anyway, I'm just trying to say It's hard to find a video that actually goes in depth on the programming and actual technology. Like, where are the ledger files stored? What programming language is used? What file extension do the ledgers have? Etc, a lot of etc.But I guess sharing that sort of information could be a security concern?
@@The-Athenian
Part 2:
3)
This again depends on the currency. You can use any file type, whatever suits your need best.
Bitcoin uses .dat files for blocks, .ldb files for lists of unspent transactions.
4)
This information is not a security concern. You can download the blockchain yourself, for any that are both public & permissionless.
With regards to Bitcoin, anyone can download and store the entire blockchain. If they regularly update it, and manage it, then they are helping by keeping the network decentralized (assuming more people are doing it). The central authority in a mining pool will be doing this, as most people use some sort of pool instead of downloading the blockchain themselves.
@@rrestoring_faith Thanks!
@@The-Athenian
Part 3:
This comment got removed by TH-cam, reposting:
Some great resources on this subject:
"Core Concepts, Challenges, and Future Directions
in Blockchain: A Centralized Tutorial"
Or "Blockchain Consensus Protocols in the Wild"
For the history of Bitcoin in academia, "Bitcoin's Academic Pedigree" is good.
These articles should all be available freely online.
Although, they could be a difficult read depending on your familiarity with computer science. They are a bit long too ;P
Oreilly also has a good article that might be an easier read. "Chapter 8: mining & consensus" for example.
@@rrestoring_faith Thanks! Saved your comment to my notes! You the real MVP :)
Imagine being a kid and wanting to hang out with your friends, but your parents want you to be a child actor, so you end up in a studio where a self-styled expert in "transformative technologies" lectures you about trade and peer-to-peer networks
Lol
Hilarious
LOL
LoL
It’s pretty fun though. I would love to learn about these concepts by experts
Great series. WIRED needs to add one more level of "difficulty" - a curious adult, who may or may not have a scientific background or a college degree...
Great idea
yeah that is the high schooler or undergrad student. most curious adults would fall in that level. Most adults just coast after school anyways. you could say teenager/highschooler is good enough.
yOu CAlLing Me sTupid??? 😂😂😂
After listening to all of that I still have no clue what blockchain is.
Unhackable digital network
Maybe hear it in reverse..
Write-Only-Database
Yeah, it's because this vid is mixing different concepts. The only thing you need to understand is, "blockchain is literally an electronic accounting ledger." Accountants use ledgers to record details of incoming payments and outgoing payments, whom those payments are between, and the amounts involved (i.e. by adding up all those inbound payments and subtracting all the outbound payments you can determine how much money a person currently holds - the entire history of payments is recorded. Blockchain IS fundamentally just a record of "OWNERSHIP", which could represent ownership of anything. The bitcoin blockchain represents ownership of bitcoin. Other blockchains are used to show ownership of other assets.
Because you need to read or watch something that actually explains it, instead of discussing issues around it. I recommend 3blue1brown's video about it.
I'm fascinated by the concept of a technology we don't know exists becoming a technology that in the future we don't know how we existed without it.
the whole internet lol
Cars also
ikr. Was thinking how the way we feel rn about blockchain is probably how people in the 60s and 70s felt about computers.
It already exists
Cellphones
Leather pants lady explains blockchain : Soulmate level
Take a look to WebDollar.io NEXT NR 1 CRIPTO...THIS IS AN INOVATIVE BLOCKCHAIN
I was wondering what it said about me that her intelligence and communication level is so brilliant but I couldn't help noticing how much I like her outfit and her makeup.
Am with you here
Parent: who told you to HODL?!
Child: leather pants lady
At Level 5 the interviewer becomes interviewee.
He's just good at assuming the persona of what people think an "expert" should sound like. The real expert stayed humble and quiet. The guy at the end is a poser. People get salty at females who know more than them.
what if he's just actually interested in the topic and they're just having a conversation?
+delosombres what if you're a troll?
Yeah because male pAtriArChy ammaaarriiiiiighhhtt haaaa
iPhone Remedies knowledge is not and should not be a competition
*When it comes to the world of investing,most people don't know where to start. Fortunately, great investors of the past and present can provide us with guidance*
Most I know used *virtual crypto mines*
Yeah successfully reported
the teen who trusts ebay a lot has another thing coming
Lord Bolton whoooosh.....
Poor kid. Still so innocent. Until he sells his computer, he doesn't get paid and the thief restores his hard drive data and hacks all his accounts
'trust'? wait 'till u see the expert get his two-factor-authentication bitcoin wallet hacked
Lmfao
ebay is fine for buyers..they always get their money back..sellers? not so much
These last level explanations always ends up to be a very successful date
I love this basic idea of breaking down to each person's level of understand the subject. WOW, great presentation idea.
Some people comments are missing the idea of teaching, so everyone can understand, Kudos . Peace out
the idea is obviously good, but as a challenge, *she FAILED* Level 5
If only she knew how blockchain worked it would be useful
nice one @@regularrob7313
@@regularrob7313RegularRob well that's a worry as she works for Animal Ventures.. they run training courses specifically on Blockchain!
*As a computer programmer for the last 10 years, i'm certain that we'll look back at Ethereum as the start of something truly revolutionary. The blockchain and decentralized applications are only beginning to be recognized for the benefits they offer.*
I used *virtualcryptomines*
Bubble
What else is good? Just ethereum?
Person: hi
this chick: 👁👁
👄
Underrated.
God bless the Internet.
Aaaaahahahahahahaa
If you want a real laugh... Google her and look at the Wiki preview on the side. Her birthdate and death are of special note.
But real talk now - the Warburgs are like the Medici, except that they survived; this chick was born with a golden spoon and a path carved for her in finance, which is why she's all about blockchain and banking.
Ulen Grau wth😂😂😂
How is that expert's title merely "historian?" He blew it out of the park!
Not directed at you - but perhaps we, as a society, ought to pay more respect to historians.
@@MuditVerma What really do historians know.
@@allenellsworth5799 Grammar (for starters).
Historian does not mean he has no clue about anything else.
@@MuditVerma he might know about grammar, history, human behaviour, techniques, methods and more.
I don't think the kid got it.
i think the teenager was smart and probably understood more than the others...lol
Daniel Harner and you do? Lol okaiii
Nobody understands it completely as it starts and moves beyond our understanding of metaphysics. Who understands block chain the best? Probably Mathematicians and then Computer Scientists. The host sounds qualified enough to explain it to your average tech / comp sci enthusiast browsing youtube videos.
He host made no sense when talking to the kid
I didn't get it, even after watching this
The little girl is soooo cute! She reminds me of my daughter when she was tiny.
I think she's not blinking at all. But maybe its because she's blinking at the same time I'm blinking.
Lol 🤣
Whoah.
8:42
She matches your frequency.
plot twist: she blinks between frame rates
Level 6: When moon, sir? Lambo soon. Sell and get Rekt, HODL forever you must. Tron pumping again, get in before its too late!!! Also join my pump and dump discord, where I will not dump on you at first opportunity, I swear.
maxxar92 Level 7: Found le nocoiner! Missed da butt!
WTF!?
Level 8: Wassa wassa wassup! Bitconeeeeeeeeeeeeeeeeeeekt!
Level 9: *intense clicking noise* BITQUEEEEEEEENNNNNNN IS DE WAEEEEEE BOI!!
*M I N E B I T C O I N* plus.google.com/104300111209418817007/posts/G8nRTieGzPE
explaining to people with different levels of comprehension and without stuttering is definitely a champ
Unless people sell their Qvarden Token before launch, this is going to sell out instantly after it reaches mainstream media
That little girl was precious. I feel like she directly mocked her intense eye contact.
notice that the more the knowledge increase the more the interviewer is interviewed
Haha exactly
She didn't say which altcoin is going to go up 10000% tomorrow..... Waste of time
SoopaTroopa, dogecoin
Ew dogecoin is a joke
true but a good joke. it is simple, works like litecoin and has a great community (developers not so much right now) which is why it is one of only 16 coins on the robinhood crypto launch along with bitcoin, ethereum, stellar, monero, omisego ect... the bad joke was bitconnect.
SingularityNET is the one. She is actually a robot 🤖
lol
Yes! I love this series the most of all and you couldn't have picked a better topic!
Some folks are really interested in Blockchain technology
Flan Chocoflan and being spy on by the nsa.
Blockchain has some advantages, but it has a lot of bad sides also, especially where money is concerned.
In short, it puts CONTROL in the hands of those that create and manage the blockchain. You are a complete fool if you think it's 100% decentralized, or if you think the federal government won't use force to GET control over it.
The "Cloud" is another example of CONTROL. it's just the latest buzzword that means putting your data on somebody else's servers under their control.
Control is a form of money and you should not be giving it away any more than handing out $20 bills to Microsoft even when you get nothing in return.
Don't give up control, EVER. if something in your life is outside of your control, find a way to get it in your control.
Please CAPITALIZE more to EMPHASIZE
Me as a grad student: "okay why don't you explain this to me like i'm 5?"
Michael Scott really had some horribly relatable lines 😂
the little girl got it
ever heard of sarcasm
You mean Anita Sarcasm?
She’s the next Einstein
She’s the next Satoshi Nakamoto
That 13-year-old boy is incredible!
RIGHT! It's almost as if he read it off a script...
Lol Ryan
Ryan lmao
it aint that difficult to understand though
lol Ryan
She didn’t break eye contact once, I would be intimidated
Bandrewson P 😂😂😂
she didn't blink once either. I was intimidated.
Kinda hawt
shes looking into my soul i think.
Bandrewson P
I AM intimidated
Who else watching this while Bitcoin is at 57k
Watching at 58k
Watching at 115k
@@rodnyc.8876 Yup!
Watching it fall face first.
anyone who was watching 2 days ago lolll
Level 5
Historian: im a historian but i will explain block chain, you just listen while i freak out about it!
Expert: right, ok...
That kid is sooooo incredibly interested. LOL
he's acting, obviously
That kid is smart, probably pretending to be dumb just so that the lady doesn’t feel bad.
I would have been too, she's smart and beautiful heck im still interested in whatever she has to say and I sure would have been at that age
*Please I need someone here to explain to me how everything works , I have been trying to start and I am finally ready*
Is *virtualcryptomines* really legit as claimed by my friends ?
Anyone else feel like they understand the expert at the end, perhaps even better than the other levels? Historians are skilled at explaining big picture concepts.
His opening explanation was the simplest explanation in the whole video!
Level: child was the most woke. When you give up most of what you want.
I honestly think she just got confused in the wording and meant to say "give up what you don't want"
Lmaooo
This kid when she's a college student: "There's no ethical trade under capitalism" ;P
I mean if you're a kid u probably don't even own something u are fully dependent to your parents. So basically at the end there's nothing to lose. Unless she trade her parents 💀💀
😂😂
Pepper was the most adorable child ive ever seen in my life😍
Soft ''R''.
*INVESTING IN BITCOIN NOW IS VERY COOL EXPECIALLY WITH THE CURRENT RISE IN THE MARKET NOW.*
I totally agree with you, the Bitcoin market is the most profitable venture I ever invest in.,
I reached my goal of $500k yearly trade earnings.Setting realistic goals is an essential part of trading.,
most intelligent words I've heard,
Crypto is the new gold,
I'm a huge fan of crypto, I hold some few coins in my wallet.
"Economics and Finance Student"
"I uhh... Dunno what blockchain is..."
People in 2050 cringing.
its 2021... im cringing hard
Maybe it's her 1st day in college
Level 0: her grandmother
You mean your grandmother?
LOL
So we have this thing called the internet...
Uh, no. I was doing UNIX scripting and hacking assembly language programs before you were born.
That's rough
A finance and economy student who has never heard of blockchain? wtf
Must be still learning the old stuff.
Yeah it's weird like..I definitely go to an inferior school to her and learned about it in an econ class
Graduated with outdated information, must learn on his own = money wasted.
Too busy on doing other stuff maybe?😏
this has me cracking up!! especially as a technical analysis finance major
*I am extremely glad I was able to join in when I did , basically the best decision I ever made this year, never been so happy*
My sincere gratitude *Virtual cryptomines*
That didn’t age well
14:10 - 14:21 Expert guy expertly low-key showing the finger
theres probably a inner conflict going on in him because he has to listen to a woman explaining things to him lol i think his broey look backs up that assumption
Cosi nus why did gender just come up. have you ever seen these? he is an expert is he meant to dumb himself down bc she happens to be female? they are interacting w her asking him questions.
@@sarikatimmi some people just can't help themselves
The social sciences (grievance studies) systematically teach people to find and frame x-ism or x-phobia into every social situation
Very sure he was conscious of it?
@@Butterkipferl you and the OP really wanted to read into things.
> teenager trusts eBay
Oh, kid.
Vaylon Kenadell
Yea figure in the 10% fee you'll lose, the listing fees and the chunk that PayPal will take as well.
Not sure now, but eBay used to own PayPal, so they were charging you twice
Probably trust Google doesn't collect his data either
@@CraigMansfield ebay is extremely profitable tho look at all the stores
Let’s talk mumkey Jones
@@SN-dy4rp 😂😂 are u drunk?
the expert looked like she was interviewing him rather than explaining what a blockchain is. he was doing most of the talking
one_who_knocks that's the running joke of this series, people have always realised at the expert level, they let the other do most of the talking. The more advanced, the less talking they do
Yeah, every video I watched follows a similar formula, where they spend far more time letting the expert talk as if the first few minutes were to prepare the viewer for it.
That's why they're experts
Two people can't honestly explain the same thing to each-other cause they both already know. I mean they should probably change the title of the video. I'm glad they went for an interesting conversation, given the time they had on-screen, rather than just verbally arm-wrestling.
For the newbie if you are actually trading in the crypto space and you don't have a sound mentor. Then you are certainly going to get liquidated in 90% of your trades. Yeah that's the sad truth. I remember when I just got into crypto back in 2019 but later in 2020 I ended up selling it because I have lost alot trading all by myself without a guide. Got back into crypto early in 2023 with $10k and I'm up with $128k in a short period of time.
The future belongs to those who believe in the beauty of their dreams. Success is a state of mind. I think I'm blessed because if not I wouldn't have met someone who is as spectacular as Expert Mrs Lucy Mary Liam.
I'm glad I was introduced to forex trading and got the best teacher and mentor who helped me understand the financial market I'm grateful to Mrs Liam🙏
I have broken through 45k, 72k and got my eyes on 150k USD! Champagne stays popping, she is too awesome.people prefyto spend money on liabilities rather than investing in assets and be very profitable
Hallelujah!!!!!!!!!!! The daily Jesus devotion has been a huge part of my transformation. God is Good 🙌🙌🙌🙌🙌🙌🙌🙌🙌was owing a loan of £47k to the bank for my son's brain surgery(Samuel). Now I am no longer owning after I invested £6500 and got my payout of £290k every month, God bless Lucy Mary Liam 🇺🇸🇺🇸🇺🇸
I have made more than 90K USD God bless Lucy Mary Liam God bless United Kingdom 🇬🇧
I love how patiently and sweetly she's explaining to each 1 of them
1:34 “really?” 🤣 that very second is so special
This does not explain blockchain it explains how blockchain is used
Unlike the other "Explain a concept", this video sounds like an advertisement that plays on local TV at 2am.
yeah really bad on the wired expert's part. She doesn't seem to understand the underlying mechanism but only a few usecase
@@BambaZillah and even that use cases are explained wrong or are overselling the state of the technology like how she avoided the entire question if there is a way to validate if the other end is actually a producer of what you are buying.
She's a businesswoman not an economist it seems,
*IF YOU WANT TO ACHIEVE THIS WITHOUT STRESS THEN YOU NEED SOMEONE WHO UNDERSTANDS THE IN AND OUT OF HOW THE MARKET WORKS*
*VirtualCryptoMines* is recommended at this point
@@davidgaines16 As a first timer venturing into cryptocurrency investments, this course has been fairly insightful as it covers all the basics of understanding cryptocurrency markets and the relevant chart analysis techniques. The 1-2-1 sessions were well thought out and composed in an easy to digest manner. Kudos *VIRTUALCRYPTOMINES🟡COM* for making things easily understandable, Overall, it is a very solid Cryptocurrency Programme that I would recommend to anyone interested in learning the fundamentals of cryptocurrency and market chart analysis.
the child was so adorable, and had awesome hair!
True...so did the expert.
Loved the conversation at the end.
She blinks 4 times a day.
She's so hydrated she doesn't need to blink as often.
Water is delivered to securely to her eye via blockhain! Blinking is just another layer of verification.
Sure fire sign of sociopathy/bpd...
shes an android
I didn't even notice, but what I do notice is when people blink 40 times per minute.
Trading has truly transformed my life. I started with nothing but curiosity and a leap of faith in the financial markets. Despite challenges, I stayed committed, learning and growing with each step. Today, I’m proud to say that trading not only gave me financial freedom but also the means to own a house. It’s been a rewarding journey, and I’m grateful for the opportunities it’s brought my way.
Trading is the real investment. The process of trading can be complicated when you have limited knowledge. However, with the right strategy and setups, you can be successful. That's the whole point of investing
Trading success always depends on applying the right trade signals to your trade
Trading without any guide is so risky, you need to get a good mentor to guide your trades.
I want to start investing but need guidance on how to invest, any help or advice for assistance please?
It is good to seek expert guidance before venturing into trading to avoid losses
The "Blockchain Expert" described an application of blockchain but not the fundamentals of the technology itself.
She basically stayed in the kid’s level.
the idea of blockchain technology offering individuals the ability to earn mined coins through a mining wallet is really a good relief.
@@toryk.b8181 you mean blockchain now offers cloud mining?
@@artonsmith1976 bltcoln mlnlng is lncredibly a secure and reIiable lnvestment no doubt on that
Fantastic, I'm totally blown away and so pleased with bitcoin price currently going up. Blockchain mining is both attractive and highly adaptable
Level 6: Hodlers
She gets her life revolutionised
Marcus Leong Imao
Teenager "You would't be able to track it I guess" -> next gen drug Lord just has been born. :D
I did a little research about them, and they are very legit. Thank you for sharing. We hope they are featured to see how their farm looks.
shes a total grifter and snakeoil salesmen.. your stupid.. her company sells nothing other then hot air.
"No middleman"- that's all i learned
That's all you need to know.
No middleman but there's a third party?
So people lose jobs
@@mikedsjr banks arent people.
@@JavierRamos-uy5tt thanks. I did misunderstand the concept of blockchains.
bitcoin and crypto in general isn't really for us(we're ridiculously early, like Wright Brothers flying machine early), it's for our children.
The Crypto market is now going back up. it's good but I'm hoping it's stays down so we can buy low and sell high.
Investment are stepping Stones for success, waiting for the government to provide is a big waste of time...
Investing in what create wealth is the best thing anyone should ever do, Recently i invested in both stock and crypto but currently I believe Crypto is doing more better!!
Most schools don't teach about this. It's so sad....
I'm sure that soon enough a lot of people will regret not
I think the 13 year old was smarter than the college student
This is the reason feminists fail
The 13 year old was stupid.
Colorless Green hilarious mixed with somethin i dont know, but i feel it.
When I was 13 I was smarter than the collage student
I agree! hahaha
I'm favoured, Getting my own Truck has always been my Dream for my business. I just acquired 2 recently, earning $32K weekly has been really helpful. I can now give back to the locals in my community and also support Charity Organizations. I really appreciate your videos
I have been earning good in crypto, I think I'm blessed because if not I wouldn't have met someone who is as spectacular as expert Deborah Davis, I think she is the best broker I ever seen
@@ralondarogers563 How
..? Am a newbie in crypto investment, please can you guide me through on how you made profit?
Thanks to Mrs Deborah Davis.
She's a licensed broker here in the states
@@martinvaisman8578 I'm surprised that this name is being mentioned here, I stumbled upon one of her clients testimony on CNBC news last week.
Don’t you hate it when you drop your bitcoin down a drain smh
seriously, she said that people can "lose bitcoin" when they try to "centralize their wallet" whatever that means, and basically said that it's the fault of the owner when it happens?
did you want to know how fast method to get bitcoin?
just click this link below and follow the instruction.
bit.ly/2E2hKaS
Thanks
People saying she looks like a robot.
That's the look of a determined woman making more dough, than I can count.
NorthDakotaBeast I can count to 0.00000000000000...00000001
She was born with more dough than I can count. Look up the Warburg family.
Exactly, what’s your point? She looks like a robot.
@@sangramjitchakraborty7845 as in paul warburg
You don't need an unblinking gaze to make more money than you can count. But you need one to look like a robot.
The last guy goes very deep, he understands very well how this technology can transform our lives, in both good and possible, bad ways.
@@bobbygunz9254
I love how excited the grad student was to share his knowledge.
That's because at this stage he still thinks he knows a lot. I and all of my cohort were just as excited at the beginning of our PhD lol ah blissful ignorance. It takes a long time and effort to realize how much one doesn't know. And even more to become aware of and fight one's own bias.
@@vtheb1299 Disagree with your pessimism. Could have been that he's just really excited about it because he loves the technology.
Hearing explanations at Levels 1-4 actually really helped me follow Level 5. Going into the video, I was not expecting to understand Level 5 at all
This video has the same color tint as TUSHY videos omg it's making me uncomfortable.
Dionysus what's tushy videos
I don't know if you're serious but it's a adult film studio
ahahhahaha duuuuude
🤣😁😉😅🤣🤣🤣🤣🤣🤣
dieyoung you don't need to know. You have higher chances to get to heaven 😂