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Bitcoin: Is the Block Chain Getting too Big?
 
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In this video I talk about the bitcoin block chain. I've gotten lots of emails asking if there is positive or negative effects of a ever growing block chain size. I discuss that and mush more in this bitcoin episode. Twitter: https://twitter.com/JPSchaumleffel E-Mail: JPSchaumleffel@Gmail.com Donate Bitcoins? My address is: 1AWSU3BoKzWoGxeydNsEPLoupC4vdfg7wC
Views: 2745 GamersGoneTech
Big Changes For Bitcoin Cash - Impact of Block Size & Adding Tokens To The Blockchain
 
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Bitcoin Cash is in the process of making some pretty significant changes. They have increased their block size to 32Mb and are now considering the possibility of adding tokens to their blockchain. There are pros and cons to both sides, but I like that they are taking action and making changes. Regardless of whether you like or dislike Bitcoin Cash, you have to respect them taking action to stay relevant. ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ ► Business Email: Skrillakingmarketing@gmail.com Useful Links Proud Ambassador Of Dacxi: https://dacxi.com/ Discuss Crypto with Me ►►https://skrillaking.com/discord Buy Bitcoin, Get $10 ►►https://skrillaking.com/coinbase Buy Cryptos on Binance ►►https://skrillaking.com/binance My #1 Hardware Wallet ►►https://skrillaking.com/ledger ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ Social Links ► Twitter: https://twitter.com/SkrillaKingReal ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ DISCLAIMER: Only invest what you can comfortably afford to live without, and consult a qualified financial advisor if you’re serious about investing. The content of these videos is meant to be informative and entertaining and should not be construed as financial advice, a guarantee of returns, or an official endorsement of any company, party, platform, agent, etc. unless otherwise explicitly noted. #Bitcoin #Blockchain #crypto
Views: 259 SkrillaKing
Blockchain scaling problem And ICO Doom!
 
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Blockchain scaling problem And ICO Doom! You'll receive $10 in free bitcoin by signing up with this link http://bit.ly/2oesV41 Bitcoin & Ethereum Storage Wallet: http://bit.ly/2o7BmgW Exchange cryptocurrency at the best rate: http://bit.ly/2yOUg1U Consulting with me: Book Here https://clarity.fm/ameerrosic Blockgeeks YouTube Channel https://www.youtube.com/c/BlockGeeks All I want to do is, talk about the absurdity and FOMO economics of the ICO space and why Blockchain tech is not yet ready for the promises it delivers. On that note, if you missed my last post about “why 99% of ICO will Fail” I recommend that you read that first The reality of today is. Blockchain promises this. ...But delivers that. Too many people are feeding the hype and promise of this amazing tech way before it has time to mature. So I just want you to read this point to understand that we are a long way before we can scale and deliver on the promise. Big Elephant in the room is scalability Blockchain consensus protocols like Bitcoin, Ethereum, Tendermint make a tradeoff between low transaction output and being an open source decentralized system vs a Centralized system. As the size of the blockchain grows, the requirements for storage, bandwidth, and compute power, goes up and up and up. Why does this cause a problem? Because every fully participating node in the network must process every transaction. Meaning each node, for the most part, needs to download and update the whole blockchain. Remember that blockchains have one inherent critically important characteristic — “decentralization” — which means that every single node on the network processes every transaction and maintains a copy of the entire state. In order to scale, blockchain protocols must figure out a mechanism to limit the number of participating nodes needed to validate each transaction, without losing the network’s trust I will give you an example with Ethereum This is via Fred Ershan “At the moment, Ethereum can handle about 13 transactions per second, which cuts in half to about 7 transactions per second for tokens (4.7m gas limit, 21k avg gas price for standard txn = ~220 standard txns every block, current avg block time 17s = 13 txns/sec, gas requirement roughly doubles for token transactions). And this doesn’t include more expensive smart contract execution. By this estimate we’re roughly 250x off being able to run a 10m user app and 25,000x off being able to run Facebook on chain. And since these systems are open rather than proprietary, we’ll see applications bigger than Facebook. This estimate isn’t perfect because the dApp stack functions differently in places than the current Web 2.0 stack. But I believe it’s in the right ballpark. This is why I believe scalability will be the primary bottleneck for the industry for the foreseeable future.” Where do we go from here? Simple answer. We need to be working more on protocol layers for scaling for both scaling transactions and also scaling security protocols. Some that come to mind are. Plasma Cosmos Lighting network Ethereum Casper - POS Etc… All of these are still under development and it will take years before we see the speed and security that we need in order to sustain the hype that blockchain promises. And this why I stress the education part on ICO's. It's scary when you see all of these ICO's raise millions that are building on top of protocols that won't be ready for years. Bottom line. We have a long way to go! My name is Ameer Rosic, and I'm a serial entrepreneur, investor, Marketing Strategist and Blockchain Evangelist Book Recommendations: http://amzn.to/2pv7kF4 Blockchain Training: http://bit.ly/2nGhdn0 Blog http://www.Ameerrosic.com Blockgeeks: http://www.blockgeeks.com Facebook http://www.Facebook.com/ameerrosic Twitter http://www.Twitter.com/ameerrosic InstaGram http://www.Instagram.com/ameerrosic
Views: 13243 Ameer Rosic
Bitcoin Scaling Explained: Big Blocks vs. SegWit
 
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Like this video? To get more like it, please donate: 1LUmMWrsLiAGd3tSVeqYLePeJPNZ1ykZCs We'll produce another video once we hit 0.15 BTC Based on this article by Jimmy Song: https://segwit.org/understanding-segregated-witness-905cc712c692
Views: 20219 World Crypto Network
On Bitcoin Reaching Block Size Limits
 
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As Bitcoin grows, its blocks are starting to fill up, and thus discussion has been ongoing on how to best handle this. The block size limit is current 1mb per block, 4mb, 8mb and 20mb limits per block are being proposed- I briefly share my ideas on the topic. Tags: Block size limit, blockchain, Cryptocurrency
Views: 1022 Tommy World Power
Can Blockchain Solve Its Scalability Problem?
 
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Can blockchain solve its scalability problem? Foreseeable transaction loads threaten to overwhelm the processing capacity of blockchains. This video discusses what's driving transaction loads, estimates potential loads, and discusses proposed solutions to enable greater blockchain scalability. The video discusses scalability approaches by Bitcoin, Hyperledger, Ethereum, Ripple, and R3. Also, the video features a cameo appearance by our cat Star!
Views: 5414 Bernard Golden
Why the blocksize limit keeps Bitcoin free and decentralized
 
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The blocksize limit is what ensures everyone can participate in the Bitcoin network, and it ensures everyone can participate anonymously should they choose too. Some people want to remove this protection to make Bitcoin scale, but we can have the best of both worlds: high transaction volume and true decentralization with off-chain transactions. Anitmation produced by Stone Canoe (http://www.stonecanoe.ca)
Riccardo Spagni talking the bitcoin blocksize @ On-chain scaling event
 
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Monero developer Riccardo Spagni (@fluffyponyza) at the on-chain scaling event talking about the Bitcoin blocksize limit and solutions (Flexible blocksize) - Recorded at 2016-06-24 with Snagit
Views: 1710 TheKoziTwo
Is the Bitcoin Block Chain too big?
 
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In this video I talk about how I believe the Bitcoin client block chain log is getting to big. I also discuss options that I think, that could help us guard against the future exponential increase of block size. What is BitCoin: http://youtu.be/Um63OQz3bjo MtGox: https://mtgox.com BitCoin Charts: http://bitcoincharts.com/ BitCoinity: http://bitcoinity.org/markets BitCoin.org: http://bitcoin.org/ Twitter: https://twitter.com/GamersGoneTech Reddit: http://www.reddit.com/r/GamersGoneTech E-Mail: GamersGoneTech@Gmail.com Donate BitCoins? My address is: 1AWSU3BoKzWoGxeydNsEPLoupC4vdfg7wC
Views: 2005 GamersGoneTech
WTF is a Blockchain?
 
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I hate buzzwords. Due to the emerging nature of cryptocurrencies, I’ve seen a lot of nonsense being thrown around. These “experts” sound smart because they know all the fancy cryptocurrency jargon, but often what they’re saying doesn’t make any sense. Education is the most important tool, especially for this technology that is widely misunderstood. This series explains things in a way that’s simple but in-depth. Let’s do this. Let’s start off with the basics. What is a blockchain? Don’t overcomplicate things. A blockchain is just a file that stores the transaction history of a cryptocurrency. Each transaction contains has a sender, a receiver, and a transaction amount. This information gets organised into discrete ‘blocks’. The blocks are connected to each other chronologically, and each block stores a number of transactions. This is where the name blockchain comes from – transactions are stored in a chain of blocks. With this it’s easy to understand why blockchains can get congested. Each block takes time to create and can only store a limited amount of transactions. So when the network gets busy and there’s lots of transactions, the network gets overloaded. There’s more pending transactions than the blocks can carry, so trying to send a transaction is met with delays and fees. This is why you hear so many people talk about scalability. It’s the challenge of improving the amount of transactions a blockchain can handle. This is sounds really easy, just increase the size of the blocks right? Correct. But the true challenge is achieving scalability in a way that doesn’t sacrifice security or decentralisation. This is known as the scalability trilemma. Thankfully many bright minds are working on it (while I make bad puns and shitty drawings to explain their work). ~~~ Buy bitcoin, ethereum and litecoin from Coinbase. Coinbase will give you free bitcoin for using this link: https://www.coinbase.com/join/59fdb27... The only way to keep your bitcoin safe is with a hardware wallet: https://www.ledgerwallet.com/r/b0c2 ~~~ Arcane (adjective) "Mysterious and known only by a few people." Wharf (noun) "One of the UK's two financial districts, Canary Wharf hosts the world headquarters of numerous major banks, professional services firms, and media organisations." ~~~ BTC: 1LjZNkQFBat3doPJkJEAu5GK1Mca3NMrnC ETH: 0x84accC2F5D743264735aB07dd34a944d0918681C XMR: 4AWoqv2pPvt8cqQNJgRWTBc94nGiU67CnWjQZj3yG6FTUL2dhfGkenpeBFXnUt9RB2gNUxiC8ryT37h2ZFsmNaLfSA3XTFZ This is not investment advice.
Views: 326 Decrypted
Bitcoin Problems - Computerphile
 
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Bitcoin may be doomed to failure as the blockchain struggles to scale up; Professor Ross Anderson from the University of Cambridge explains. EXTRA BITS - Bitcoin & Crime: https://youtu.be/ve0HbZ9NHb8 Computers Without Memory: https://youtu.be/vhiiia1_hC4 AI Safety: https://youtu.be/IB1OvoCNnWY How Bitcoin Works: https://youtu.be/JyxRH18YlpA http://www.facebook.com/computerphile https://twitter.com/computer_phile This video was filmed and edited by Sean Riley. Computer Science at the University of Nottingham: http://bit.ly/nottscomputer Computerphile is a sister project to Brady Haran's Numberphile. More at http://www.bradyharan.com
Views: 284791 Computerphile
bitcoin blockchain size
 
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See if you could imagine the amount of Gigs it takes from your HD
Views: 252 Modx Customize
Andreas M. Antonopoulos: The Bitcoin Blocksize debate
 
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We've seen the development of alternative clients, we've seen the development of better mechanisms for estimating fees and prioritizing transactions; which was really critical for the stability of the network. But we've also seen the development of second layer technologies, sidechains, Lightning Network and bi-directional payment channels and things like that. This clip if from 'Tsunami of Innovation (Exponential Innovation)' which is the keynote speech Andreas gave at the Hackers Congress Paralelni Polis [HCPP] 2016. Andreas M. Antonopoulos is world's most renowned Bitcoin and open blockchain expert. The author of the books 'The Internet of Money' (V1 https://amzn.to/2uvNYEL, V2 https://amzn.to/2LvXYEe) and 'Mastering Bitcoin' (1st edition https://amzn.to/2uzaa0z, 2nd edition https://amzn.to/2mvFSaS). Andreas is also an information security expert and tech-entrepreneur. See the next Hackers Congress HCPP18 in Prague ► https://neworder.hcpp.cz/ Follow and support Paralelní Polis → https://hcpp.cz/#support Paralelní Polis Youtube playlist → http://bit.ly/playlistHCPP16 Paralelní Polis on twitter https://twitter.com/Paralelni_polis This video is an excerpt from 'Andreas Antonopoulos - Tsunami of Innovation | HCPP16' https://youtu.be/Ibz_HMKHQl4 published under a creative commons licence https://creativecommons.org/ on 16 Jan 2017 by the Paralelní Polis YouTube channel https://www.youtube.com/channel/UCfHJ5Y3akQ7LA0PQmSYlYmQ Suggested videos: Is Bitcoin mining & development centralized? https://youtu.be/Bkg8Ec5xB4U Banks & Their Five Stages of Grief [Bitcoin and the Banks] https://youtu.be/FAWFpCCuPLs How likely is it that Bitcoin will become obsolete? https://youtu.be/tBnC9AhKjws The Bitcoin Lightning Network Questions https://youtu.be/5wOqgUjYwc0 Bitcoin Forks and The Bitcoin Futures Market https://youtu.be/o7TtwckPCUI The Bitcoin Lightning Network Explained https://youtu.be/Z7Q0AwbKZX8 How to keep your Bitcoin safe https://youtu.be/bDVIe7xcXBY Follow Andreas on Twitter @aantonop https://twitter.com/aantonop Subscribe to Andreas's YouTube channel https://www.youtube.com/user/aantonop Check out Andreas's website https://antonopoulos.com/ Support Andreas by becoming a Patreon https://www.patreon.com/aantonop Andreas is the author of two books: “Mastering Bitcoin,” published by O’Reilly Media and considered the best technical guide to bitcoin; and “The Internet of Money,” a book about why bitcoin matters. The Internet of Money, v1 https://amzn.to/2uvNYEL The Internet of Money, v2 https://amzn.to/2LvXYEe Mastering Bitcoin 1st edition https://amzn.to/2uzaa0z Mastering Bitcoin 2nd edition https://amzn.to/2mvFSaS Follow Bitcoinboy on Twitter @BitCoinBoy https://twitter.com/BitCoinBoy If you'd like to support this channel 1BtCboyxPL4WNutwq79oqsQ5Vc25SchoZp About the Creative Commons Licence: One goal of Creative Commons is to increase the amount of openly licensed creativity in “the commons” — the body of work freely available for legal use, sharing, repurposing, and remixing. Through the use of CC licenses, millions of people around the world have made their photos, videos, writing, music, and other creative content available for any member of the public to use. End screen music: TeknoAXE's Royalty Free Music - Cavern Starting Area 1 https://youtu.be/1DtfwcfXJss #Bitcoin #Blockchain #Technology
Views: 275 Bitcoinboy
What is a Bitcoin Node? - Step by Step Explanation
 
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What is A Bitcoin Node. Step by Step Explanation https://blockgeeks.com/ The bitcoin network consists of a network of nodes, which are just computers or servers running the Bitcoin software. The code ensures the nodes can find and establish connection with other nodes and hence form a network that is used by the various nodes to transfer information, like transactions, blocks and other data. Through this web of interconnecting nodes, bitcoin can send digital cash securely through the network. The underlying bitcoin code implements the bitcoin protocol. So how does a new node join the bitcoin network? First it must discover at least one peer to connect to and then it can get a list of other peers from that initial peer. There are a few methods a node can use to connect to its first peer. The bitcoin client contains a hardcoded list of well known DNS servers which can return a list of ip addresses of bitcoin nodes. Alternatively, the bitcoin client can be given a static ip address of a peer if one is known. You can pass this ip address as a parameter when starting the bitcoin client software through the command line. It’s important to note that bitcoin’s network topology is not geographically defined, so the physical location of the nodes in relation to one another is irrelevant.This means a node can find and connect to any other node regardless of where it is in the world. Once a node has the ip address of a peer, it then goes through an initial handshake to establish a connection with a remote node. First the local node will send a version message to the peer which contains some basic information about itself. This will always be the first message sent by any peer to another peer. The remote peer receiving the message will examine if the sender’s version is compatible with its own version. If it is, it will acknowledge the version message and establish a connection by sending a “version acknowledgment” message, which consists only of a message header with the command string “verack”. Once a node establishes connections with one or more peers, it will exchange some information with these peers. For example, nodes can exchange ip addr of their connected peers, so each node can maintain a list of peers that it can use to re-establish connection in the future since nodes can leave and join the network at anytime. A Node can also ask its peers what the length of their local copy of the blockchain is. It can then determine if it’s own copy of the blockchain is missing any blocks, and if so, can ask its peers to send the missing blocks. Of course it can also send blocks to other nodes who do not have as much data as itself. Let’s take a closer look at the various nodes in the network. Although all the nodes participate in the network, they have different roles depending on the functionalities they want to support. There are 4 major functions: routing, storage, mining and wallet services. The bitcoin core client implementation in c++ has all four of these functionalities. Routing is the bare minimum functionality a node must support in order to participate in the bitcoin network. It contains the functionality to discover and connect to other peers in the network and it also validates and propagates transactions and blocks through the network. It serves the purpose of keeping the network connection alive and passing information through the network. A node is called a full blockchain node if it stores a local copy of the entire blockchain database. A full node can autonomously and authoritatively verify any transactions without any external references. With a full node you get complete independence and freedom from central authority at the cost of hardware storage space. A mining node serve the special purpose of creating a new block to add to the blockchain. Mining nodes runs special mining software in order to solve a cryptographic puzzle to win mining rewards. They serve the purpose of adding new transactions into the blockchain. To learn more visit us at blockgeeks.com
Views: 1635 Blockgeeks
How to Scale a Blockchain
 
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The debate has been raging for years: when and how to increase Bitcoin's maximum block size limit. Although it seems like a central issue today, it's just one of many limiting factors. --- This episode is sponsored by Americas Cardroom, the most trusted online poker site. Fund your account AND claim your winnings using your favorite cryptocurrency!   Make your first deposit using bonus code CHRONOS to get 100% bonus + up to $50 cash.   US players welcome! Play TODAY: http://ow.ly/NEzd30guKzU --- About the show: One Minute Crypto is among the fastest-paced bitcoin shows in the universe. We cover everything on blockchain technology: walkthroughs, tutorials, news, and more. Check us out at http://oneminutecrypto.com. Music: http://bensound.com
Views: 440 Chronos Crypto
Bitcoin Cash Explained ( BTC vs BCH )
 
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Bitcoin Cash was launched in August 2017 and since become Bitcoin’s most popular cryptocurrency that has forked from bitcoin network. The reason of this fork is to increase the block size and process more transaction per second. Bitcoin’s maximum block capacity is 1MB, at this current time allows to process 3-7 transactions per second and implications of congested blocks, means paying high fees. Bitcoin’s cash on other hand maximum block capacity is 8MB witch is allowed to process around 60 transactions per second and fees 99% cheaper than original bitcoin. ================================================== 💰Get a Coinbase Wallet! - https://www.coinbase.com/join/5a4bf25... Sign up! 💰Get a Binance Wallet! - https://www.binance.com/?ref=21867060 Sign up! =================================================== ★ Any donation is highly appreciated. 🔑 BTC Wallet Address: 16EtKHG2rwH2NqA4MniK4JRhzPyv5AeiER 🔑 ETH Wallet Address: 0x1db0fa9a379e46cb205a39a0766e30d3e3d0d11e 🔑 LTC Wallet Address: LRcmBavhskBURqmw1sujV5LS8WUPvfaNj8 =================================================== Monero Cryptocurrency: https://www.youtube.com/watch?v=wPc143lX-M0 Bitcoin vs Gold: https://www.youtube.com/watch?v=yraE-7_xiWU Bitcoin Adoption: https://www.youtube.com/watch?v=MU8F5ihic4Q ==================================================== Thank you so much for watching! ==================================================== Bitcoin Cash | Bitcoin Cash Explained | bitcoin cash vs bitcoin | bitcoin cash cryptocurrency | bitcoin cash 2018 | blockchain | blockchain bitcoin | blockchain bitcoin cash
Views: 7327 Aimstone
Bitcoin Scaling Explained: Can Bitcoin Cash Scale on Today's Hardware?
 
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Can bitcoin scale on chain by using bigger blocks? If Bitcoin uses todays hardware can it compete with VISA? TPS - Transactions per second Visa on average handles 2,000 TPS reaching a daily peak of around 4000 TPS. As the Bitcoin Core (BTC) network is now throttled at 1MB it can handle around 3TPS with no working 2nd layer solution. Bitcoin Cash (BCH) can currently handle 100 TPS on-chain without the need for any 2nd solutions. The block size is 32mb for BCH. Ethereum currently handles around 19 TPS. The bitcoin scaling debate has gone on for a long time. It's important to understand the facts. Can the Bitcoin Cash network increase block size further using hardware that exists today? To reach 1,000, 2,000 or even 10,000 TPS? A lot of Bitcoin Core (BTC) supporters will say that scaling on chain with bigger blocks in not a long term solution and we will hit a ceiling because of hardware. Roger Ver takes the time to break all of this down in the video above. It simply is not true. -- ► Subscribe Now For More Content: https://www.youtube.com/bitcoincomofficialchannel?sub_confirmation=1 ► Follow us on twitter for moment by moment updates: https://twitter.com/bitcoincom -- ► What is bitcoin? -- Bitcoin is one of the most transformative technologies since the invention of the Internet. Bitcoin.com stands firmly in support of financial freedom and the liberty that Bitcoin provides globally for anyone to voluntarily participate in a permissionless and decentralized network which empowers people to not be marginalized by governments and financial institutions. Bitcoin is freedom. -- ► Want some free Bitcoin Cash? Grab some from https://free.bitcoin.com/ -- ► Who are we? -- Bitcoin.com is your premier source for everything Bitcoin related. We help you buy, use, and store your Bitcoin securely. You can read the latest news or engage with the community on our Bitcoin forum. We also provide helpful tools and real-time market price and chart information, as well as Bitcoin mining and Bitcoin events information. -- ► Follow Bitcoin.com Here: Twitter: https://twitter.com/Bitcoincom Instagram: https://instagram.com/newsbitcoincom/ Facebook: https://www.facebook.com/buy.bitcoin.... Website: http://bitcoin.com Telegram Channel: https://t.me/bitcoin_tv Podcast: https://podcast.bitcoin.com/ Bitcoin Store: https://store.bitcoin.com Topics covered: bitcoin scaling, bitcoin scaling debate, segwit, lightning network, bch, bitcoin cash.
BITCOIN is a Tool ... Block sizes to full?
 
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Email- EugeneForrest20@gmail.com Donate- BTC- 1zaYGefs6NsLcZTfL6wNL5KSoebtfvnmX ETH- 0xC9eBc6C284d6D7DB42A12563eE5F13e45f516fbc FREE Bitcoin- http://freebitco.in/?r=2871869 FREE Doge- http://freedoge.co.in/?r=666812 CoinBase- https://www.coinbase.com/join/579d2969ccf6e447e90a0212 Genesis Mining Code- Iqhjx0 KEY WORDS- bitcoin bitcoin wallet bitcoin mining crypto cryptocurrency cypto wallet cryptocurrency wallet crypto currency mining ethereum ethereum mining buy bitcoin bitcoins top bitcoin bitcoin site bitcoin sites doge coin coins blockchain blockchains blockchain mining bitcoin price litecoin monero auger maidsafe maidsafecoin steem steemit factom lisk coinbase genesis mining cloud mining
Views: 49 Bitcoin and Coffee
Block Size - Why Does it Matter? // Blockchain Bonanza
 
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If you haven't had a look yet why not check out https://SmartIFT.com to find out about my blockchain startup. Today we'll be looking at what block size is and why it's a contentious issue. You can check me out on Twitter at https://Twitter.com/GuyRobotTV and visit my blog at http://GuyRobot.TV It would be great if you can take a minute to look at https://SmartIFT.com - my blockchain-based investment fund startup.
Views: 241 Guy, Robot
Ever wonder how Bitcoin (and other cryptocurrencies) actually work?
 
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Bitcoin explained from the viewpoint of inventing your own cryptocurrency. Videos like these made possible by patreon: https://patreon.com/3blue1brown Protocol Labs: https://protocol.ai/ Interested in contributing? https://protocol.ai/join/ Special thanks to the following patrons: http://3b1b.co/btc-thanks Some people have asked if this channel accepts contributions in cryptocurrency form as an alternative to Patreon. As you might guess, the answer is yes :). Here are the relevant addresses: ETH: 0x88Fd7a2e9e0E616a5610B8BE5d5090DC6Bd55c25 BTC: 1DV4dhXEVhGELmDnRppADyMcyZgGHnCNJ BCH: qrr82t07zzq5uqgek422s8wwf953jj25c53lqctlnw LTC: LNPY2HEWv8igGckwKrYPbh9yD28XH3sm32 Supplement video: https://youtu.be/S9JGmA5_unY Music by Vincent Rubinetti: https://soundcloud.com/vincerubinetti/heartbeat Here are a few other resources I'd recommend: Original Bitcoin paper: https://bitcoin.org/bitcoin.pdf Block explorer: https://blockexplorer.com/ Blog post by Michael Nielsen: https://goo.gl/BW1RV3 (This is particularly good for understanding the details of what transactions look like, which is something this video did not cover) Video by CuriousInventor: https://youtu.be/Lx9zgZCMqXE Video by Anders Brownworth: https://youtu.be/_160oMzblY8 Ethereum white paper: https://goo.gl/XXZddT Music by Vince Rubinetti: https://vincerubinetti.bandcamp.com/album/the-music-of-3blue1brown ------------------ 3blue1brown is a channel about animating math, in all senses of the word animate. And you know the drill with YouTube, if you want to stay posted on new videos, subscribe, and click the bell to receive notifications (if you're into that). If you are new to this channel and want to see more, a good place to start is this playlist: http://3b1b.co/recommended Various social media stuffs: Website: https://www.3blue1brown.com Twitter: https://twitter.com/3Blue1Brown Patreon: https://patreon.com/3blue1brown Facebook: https://www.facebook.com/3blue1brown Reddit: https://www.reddit.com/r/3Blue1Brown
Views: 2169019 3Blue1Brown
Why Blockchain Matters More Than You Think!
 
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Subscribe here: https://goo.gl/9FS8uF Become a Patreon!: https://www.patreon.com/ColdFusion_TV The Blockchain and it's potential simply explained. Hi, welcome to ColdFusion (formerly known as ColdfusTion). Experience the cutting edge of the world around us in a fun relaxed atmosphere. Sources: Dr. Adrian McCullagh Ph D. (IT Sec), LL.B., GAICD. Ph.D. Research Supervisor at the University of Queensland https://www.economist.com/news/briefing/21677228-technology-behind-bitcoin-lets-people-who-do-not-know-or-trust-each-other-build-dependable Some footage retrieved from “The real value of bitcoin and crypto currency technology - The Blockchain explained”: https://www.youtube.com/watch?v=YIVAluSL9SU Animations by Beeple: http://www.beeple-crap.com/vjclips.php http://www.computerworlduk.com/data/bank-of-england-pushes-forward-with-blockchain-technology-for-settlements-3657464/ https://futurism.com/six-banking-giants-have-decided-to-partner-to-create-a-new-cryptocurrency/ https://futurism.com/microsoft-is-embracing-blockchain-with-its-new-ethereum-based-framework/ https://buff.ly/2eMO8jk Previous video on Blockchain basics and other extra learning: https://www.youtube.com/watch?v=bBC-nXj3Ng4 //Soundtrack// 0:00 Schmoov! – Playground 1:00 Zero 7 - Give it Away 2:30 Uppermost Machine Code 4:19 Need a Name - White Truffle 5:22 Andre Sobota - Concluded (Original Mix) 7:50 Pacific Coliseum - Ocean City 10:18 Hammock Lights Will Draw You Back (Bonus Track) 11:25 Movediz – Prayer 14:07 The 1975 – Intro/Set3 (Bear//Face Remix) » Google + | http://www.google.com/+coldfustion » Facebook | https://www.facebook.com/ColdFusionTV » My music | http://burnwater.bandcamp.com or » http://www.soundcloud.com/burnwater » https://www.patreon.com/ColdFusion_TV » Collection of music used in videos: https://www.youtube.com/watch?v=YOrJJKW31OA Producer: Dagogo Altraide » Twitter | @ColdFusion_TV
Views: 756055 ColdFusion
Introduction to Bitcoin, Blockchain and Decentralized Technology
 
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I'm excited to announce a new course available at pluralsight: https://app.pluralsight.com/library/courses/bitcoin-decentralized-technology?utm_source=youtube&utm_medium=video&utm_campaign=authordemo Outline Module 1: Bitcoin Concepts and Basic Use - Demo: buying a digital video online - What gives Bitcoin value? - Big Ideas: openness, privacy, decentralized, cryptocurrency, programmable - Basic structure: a collectively maintained ledger - Transactions: how money is sent in Bitcoin - Smart Contract example: crowdfunding - Getting Bitcoin: exchange, ATM, in person, pros / cons - Demo: buying Bitcoin on an exchange - Wallets: How to store and use Bitcoin, mobile, online, hardware, cold storage - Demo: using a hardware wallet - Bitcoin mining - Demo: accepting Bitcoin on a website with BitPay Module 2: How Bitcoin Works Under the Hood - Bitcoin software universe: from wallets and libraries to full nodes - Demo: Installing Bitcore, javascript Bitcoin library, create Bitcoin address - Digital Signatures, - Bitcoin addresses - Transaction structure, UTXOs, scripts - Demo: creating and sending a transaction on testnet with Bitcore - Ledger consensus (voting) & security - Cryptographic hashes - The blockchain: structure that holds transactions - Coin creation, double spend attacks - SPV (Simplified Payment Verification) Wallets Module 3: Advanced Bitcoin - HD (Hierarchical Deterministic) Wallets - Mnemonic codes (human friendly private key storage) - Demo: derive Bitcoin HD addresses securely on public server without private keys using Bitcore - Multisignature Addresses for shared wallets & backup - Low trust escrow with multisignature addresses - Bitcoin challenges: centralization due to mining & software control, blocksize debate - Soft vs Hard Forks (software upgrade procedures) - Segregated Witnesses - Payment Channels & Lightning Networks (secure, off-chain transactions) - Check Lock Time Verify (time-based script logic) - Replace by Fee (update stuck transactions) - Payment Protocol (secure payment address delivery) - CoinJoin (mixing transactions for privacy) Module 4: Beyond Bitcoin - Altcoins, metacoins, colored coins & side chains - Comparison metrics - Byzantine General’s problem - Proof-of-Work Consensus Alternatives (Primecoin, Foldingcoin) - Proof-of-Stake (Peercoin, NXT, future Ethereum, Bitshares delegated Proof-of-Stake) - Permissioned / Private blockchains for banking, enterprise (distributed database or something more? Multichain, R3) - Seeking high performance blockchains (Tendermint, Ripple, BigChainDB) - Privacy procotols & projects - why needed? (Monero, Ring Signatures, Stealth Addresses) - Zero Knowledge Proofs & Zerocash - Stability coins: Digix, Tether, BitUSD, Nubits, MakerDAO - Ethereum - Open, Decentralized Computer for Smart Contracts - Demo: create and use Smart Contract (create your own token) on Ethereum - Prediction Markets & Augur - IoT (Internet of Things) and DAOs (Decentralized Autonomous Organizations), with Slock.it - Decentralized Storage with Storj & IPFS (Interplanatary File System) - Decentralized Identity and Reputation (Namecoin, Identify & Onename)
Views: 47090 CuriousInventor
Bitcoin vs Monero - Coin Showdown
 
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Coin Showdown is a series that pits competing cryptocurrencies against each other, helping you remain well informed in this fast-paced ecosystem. Today we see how the privacy coin Monero fares against the big daddy of crypto. Both coins were created to provide an alternative form of currency, aiming to challenge the traditional finance and banking world. Since they share similar advantages/disadvantages when compared with the fiat currencies they compete with, we’ll focus on what separates the two as cryptocurrencies. Privacy | Mining | Scalability 1. Privacy “Monero is what I thought bitcoin was when I first heard about it.” When you first heard about bitcoin, you probably thought it was this super-secret, anonymous currency used in black markets to mask illegal activities. You’re not entirely wrong, but there is one key distinction. Bitcoin is not anonymous. It’s pseudo-anonymous at best. Every single bitcoin transaction is completely public. Every single address and all its associated activities, are completely public. On the other hand, Monero was built from the ground up with privacy in mind. It utilises stealth addresses and Ring CT to ensure complete privacy and anonymity. No one will be able to view what you do with Monero. There are multiple reasons this is desirable, and no - not because you are a criminal. 2. Mining Bitcoin can only be mined by specialised hardware called ASICs. These are expensive and are unable to do anything except mine bitcoin. Monero uses another algorithm, which makes CPU and GPU mining feasible. This opens up the possibility for anyone to mine using an ordinary computer. ASICs do add to the security of the network, but increase the centralisation on the network. 3. Transaction & Scalability At first glance, Monero wins this round. The median bitcoin transaction fee is currently sitting at $31, compared to Monero’s $5. However, this is not a fair comparison since bitcoin is processing many more transaction than Monero. A Monero transaction is much larger than a bitcoin one, this is the tradeoff it makes for privacy. Bitcoin operates a 1mb blocksize limit, while Monero has an adjustable blocksize. This makes bitcoin more prone to congestion, but keeps the blockchain small. Monero may be able to deal with a surge in volume better, but at the cost of rapidly increasing blockchain. Monero is aiming to implement Bulletproofs, which will reduce transaction sizes and fees by 80%. Bitcoin recently implemented SegWit, but it has not yet been completely adopted. Off chain scaling methods are being developed for bitcoin and Monero, theoretically creating free and instant transactions. ~~~ Buy bitcoin, ethereum and litecoin from Coinbase. Coinbase will give you free bitcoin for using this link: https://www.coinbase.com/join/59fdb27b8cf13000c7e82ad2 The only way to keep your bitcoin safe is with a hardware wallet: https://www.ledgerwallet.com/r/b0c2 ~~~ Arcane (adjective) "Mysterious and known only by a few people." Wharf (noun) "One of the UK's two financial districts, Canary Wharf hosts the world headquarters of numerous major banks, professional services firms, and media organisations." ~~~ BTC: 1LjZNkQFBat3doPJkJEAu5GK1Mca3NMrnC ETH: 0x84accC2F5D743264735aB07dd34a944d0918681C XMR: 4AWoqv2pPvt8cqQNJgRWTBc94nGiU67CnWjQZj3yG6FTUL2dhfGkenpeBFXnUt9RB2gNUxiC8ryT37h2ZFsmNaLfSA3XTFZ This is not investment advice.
Views: 4211 Decrypted
What is a Bitcoin Full Node? Why would I want one?
 
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Talking about Sovereignty https://bitcoin.org/en/download https://bitcoin.org/en/full-node#what-is-a-full-node https://blockchain.info/charts/blocks-size https://statoshi.info/dashboard/db/unspent-transaction-output-set https://bitnodes.earn.com/ -------------------------- Seminar: http://programmingblockchain.com/ Newsletter: http://eepurl.com/cZr_Aj Medium: https://medium.com/@jimmysong Twitter: https://twitter.com/jimmysong Github: https://github.com/jimmysong
Bitcoin Cash $BCH Drama & Potential Chain Split... Clearly Explained! (Bitcoin SV vs Bitcoin ABC)
 
11:20
Bitcoin Cash’s (BCH) November Hard Fork is bringing a TON of drama into their community. You have Bitcoin ABC with lead dev Amaury Sechet proposing new Op codes and canonical transaction ordering, while nChain (Craig Wright) and CoinGeek (Calvin Ayre) proposing a different client - Bitcoin Satoshi Vision (Bitcoin SV) - which does not have any of those changes and instead looks to lock in the original Bitcoin protocol 0.1.0 with a block size increase to 128 MB blocks. Then you have Bitcoin Unlimited trying to push for compromise while Cobra released Cobra Client which doesn’t include any of the proposed features - just replay protection. Finally you have Bitmain’s mining pools going against CoinGeek/Craig Wright and Roger Ver still on the sidelines evaluating. For an overview of all the JUICY DRAMA going on in BCH world, please give this video a watch! #BitcoinCash #HardFork #Cryptocurrency
Views: 2814 Bitcoin for Beginners
Intro to the Bitcoin Block Chain for Developers
 
01:36:20
Noah Judson of CoinBeyond @ LinuxFest NorthWest 2015 It was "For Developers", but the room was filled with people from all walks of life, with questions all along the way, and we never quite got to programming on the block chain. Hope you enjoy it!
Views: 2767 Coin Beyond
Peter Rizun: A Bitcoin Fee Market Without A Blocksize Limit (Episode 172)
 
01:09:02
Support the show, consider donating: 16LVjxWGTbQuTV7Nxmpa1gCSfidbPpa71S (http://bit.ly/2me3j6i) With both the Bitcoin Unlimited and Segregated Witness efforts far from reaching majority support and exploding transaction fees, the debate around how to scale Bitcoin continues on. One of the key arguments against bigger blocks and Bitcoin Unlimited is that a blocksize restriction is needed to create a healthy fee market. Dr Peter Rizun has been researching the economics of transaction fees in Bitcoin extensively and joined us to discuss what dynamics affect fees and why he thinks the blocksize limit will eventually fall. Topics discussed in this episode: - Bitcoin seen through the eyes of a physicist - The dynamics that determine transaction fees in Bitcoin - How orphaning risks drive the fee market economics - The relationship between the block reward and the fee market - Why the blocksize limit will eventually fall - Why Peter supports Bitcoin Unlimited - The state of discussion between Bitcoin Core and Bitcoin Unlimited Links mentioned in this episode: - Dr. Peter Rizun's talk at Scaling Bitcoin Montreal 2015: https://www.youtube.com/watch?v=ad0Pjj_ms2k - Dr. Peter Rizun: "A Transaction Fee Market Exists Without a Block Size Limit": https://www.bitcoinunlimited.info/resources/feemarket.pdf - XT Nodes - Bitcoin Hashrate Distribution: http://xtnodes.com/ - Bitco.in Forum: https://bitco.in/forum/ - Ledger - Peer-Reviewed Journal on Cryptocurrency and Blockchain: http://ledgerjournal.org/ojs/index.php/ledger Sponsors: - Jaxx: Wallets that Unify the Blockchain Experience Across Devices - http://jaxx.io - Ledger: Smart card security for your Bitcoins - Get 10% off your first order when you use the code EPICENTER - http://ledgerwallet.com This episode is also available on : - Epicenter.tv: https://epicenter.tv/172 - YouTube: http://youtu.be/2eaMVWUXW8U - Souncloud: http://soundcloud.com/epicenterbitcoin/eb-172 Watch or listen, Epicenter is available wherever you get your podcasts. Epicenter is hosted by Brian Fabian Crain, Sébastien Couture & Meher Roy.
Views: 2102 Epicenter
Bitcoin - Block Size Issue Visualized
 
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The Bitcoin Block Size Issue Visualized (in less than 20 sec!) Bitcoin address: 1bkqyUh3QDdeyK11TPSsYJ3ptwZmh8gX8 Doge address: DQiEofTktzo2J9oFSeZ3benvMsRv3BsNBc Litecoin address: LhFiKQ16Ta3yq7qzDJVDT6pYy9RddmVHQb Dash address: XqE26M1EZUXapL3AUpRRratiKVFL1kTv3J Peercoin address: PAPVHboNdHCk5uqgzxvoJ11vHZdqYjvurQ NuBits address: BDLSsoMykU5unXvQaVkWXNt96SPJ4wd6r8 NuShares address: Si1bat1BGrcSd9ywhE9d8yTKi73wRgXMku Emercoin address: ENmZJjdcUfyxfEvqNcEun76d1jBDwdr6Jp EGD address: EU4zf46Pc2M4LkF6Pjx3mWLiKgPcCWCMrx
Views: 329 Satoshi Nakamoto
Rick Reacts: It Is Mathematically Sound To Plan for An Indefinite Blocksize Increase
 
16:35
Rick talks about the resources needed to sustain an indefinite blocksize increase for bitcoin, and how such a plan is not only possible, but also well aligned with the last 120 years of computing history. Connect with Rick on Twitter: @Falkvinge Blog: https://falkvinge.net/ Swarmwise FREE Download: https://falkvinge.net/files/2013/04/Swarmwise-2013-by-Rick-Falkvinge-v1.1-2013Sep01.pdf We're All Satoshi is sponsored by Private Internet Access, the world's leading no-log VPN service. The service encrypts and anonymizes your connection to the Internet, protecting you from eavesdropping and identification. Sources: Can Bitcoin Cash Scale on Chain by Chris Pacia: https://www.yours.org/content/can-bitcoin-cash-scale-on-chain--4c977e7218cb/ Various articles by Peter R. Rizun: @PeterRizun
Views: 3747 We Are All Satoshi
What are the Ramifications of the One Megabyte Block Size for Counterparty?
 
04:50
Bitcoin transactions aren't the only transactions affected by the blockchain size debate, Counterparty also has a stake in the outcome. In this video, shot in downtown Jacksonville, I answer Sean's question about what the debate means for party people, and how things will shake out from here.
Views: 201 Bitcoin Uncensored
Bitcoin blocksize debate - An overview of both sides arguments
 
11:21
The bitcoin blocksize debate has been going for a while now. There is 2 factions that are discussing it. One side wants the blocksize to stay small, around 1 mb, and the other side wants the blocksize to increase. Who is right, who is wrong? Well, they both have very interesting arguments and that is why the debate has been going for a while.
Views: 1459 Alex Fortin TV
URGENT MESSAGE - Bitcoin Cash block size limitation needs to be removed ASAP! Here is why...
 
06:29
Bitcoin Core BTC code development has been sabotaged already, personal interests of the bankers got in a way of scaling Bitcoin system in BTC blockchain. This mistake must not happen again... the "not needed now" mentality is very bad and dangerous because you never know if in the future when bigger blocks are needed, we will have ability to increase the block size again because humans can be bought out, can be corrupted and no one can guarantee that this will not happen again with Bitcoin Cash. So be smart, for this reason... this artificial block size limit needs to either be made automatic so that human interaction is no longer a limiting factor that can prevent it (watch my previous video I made about this proposal), or completely remove it, which is what nChain and Bitcoin SV client are proposing in 2nd coming upgrade (1st coming upgrade being upgrade to 128MB block size limit). Thank you for watching... please support Bitcoin Cash, as it is the real Bitcoin system.
what is BLOCK CHAIN ?
 
00:20
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Views: 10 D -GYAAN
What is Blockchain ? - Explained (BEST ANIMATION)
 
02:20
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Views: 59296 Tech Toons
How Does Bitcoin Work?
 
07:37
Thanks to Away for sponsoring this video! Go to https://www.awaytravel.com/techquickie and use promo code techquickie to get $20 off your next order! Bitcoin has surged in popularity recently. How does it work, why do people want it, and how can you get your hands on some? Techquickie Merch Store: https://www.designbyhumans.com/shop/LinusTechTips/ Techquickie Movie Poster: https://shop.crowdmade.com/collections/linustechtips/products/tech-quickie-24x36-poster Follow: http://twitter.com/linustech Leave a reply with your requests for future episodes, or tweet them here: http://twitter.com/jmart604 Join the community: http://linustechtips.com Intro Theme: Showdown by F.O.O.L from Monstercat - Best of 2016 Video Link: https://www.youtube.com/watch?v=pm36k08jQ0M&t=2422s iTunes Download Link: https://itunes.apple.com/us/album/monstercat-best-of-2016/id1185092812 Listen on Spotify: https://open.spotify.com/album/5Zt1P3ZbnfErBkiqcfBTCN
Views: 896021 Techquickie
IOHK | Symphony of Blockchains Meetup in London
 
01:28:39
The Symphony of Blockchains is an interactive, visual and auditory exploration of Bitcoin, cryptocurrency and the blockchain. It is an ongoing research initiative with a singular aim: to help bring about greater understanding of both blockchain technology and the ever expanding (and contracting) cryptocurrency marketplace. This video was recorded on location from the latest Symphony of Blockchains Meetup in London with designers from both IOHK and the founder of Kuva. We also hear from the CEO of IOHK on the importance of design and experiences in the blockchain space. In this project, we explore the blockchain of Bitcoin as a physical structure. We examine its inherent underlying qualities by encapsulating data as crystalline forms connected in space, that are immutable and persistent. Using this as a metaphor provides a means to understand the Bitcoin blockchain. Blocks take on the properties of the data, their size, colour and orientation represent various qualities. Blocks are orientated in a spiral tracing back through time, each periodic rotation representing a day in the life of the blockchain. Their size and colour represent the total value of transactions made. Once the blockchain is loaded users simply scroll up or down to move forward or back in time through the blockchain. Using their pointer (or finger on mobile devices) they can easily select an individual node or block in the chain to investigate it further. Once accessed, the user is presented with a view of the unique Merkle tree that identifies that specific block. In addition to the Merkle tree view, the user is presented with a plethora of information giving detail about the transaction the selected block represents. To exit the block view the user simply clicks away. Find out more about Symphony of Blockchains here: https://iohk.io/blog/symphony-of-blockchains/ https://iohk.io https://www.kuva.io/ -- See more at: https://iohk.io Get our latest news updates: https://iohk.io/blog/ Meet the team: https://iohk.io/team/ Learn about our projects: https://iohk.io/projects/ Visit our library: https://iohk.io/research/library/ In the press: https://iohk.io/press/ Work with us: https://iohk.io/careers/
Views: 947 IOHK
Skeincoin - SegWit (Segregated Witness)
 
00:35
Skeincoin - SegWit (Segregated Witness) SOON! SegWit is the process by which the block size limit on a blockchain is increased by removing signature data from Bitcoin transactions. When certain parts of a transaction are removed, this frees up space or capacity to add more transactions to the chain. Segregate means to separate, and Witnesses are the transaction signatures. Hence, Segregated Witness in short, means to separate transaction signatures. The concept of SegWit was formulated by Dr. Pieter Wuille.
Views: 44 Skeincoin
Bruce Fenton of Bitcoin Foundation on Blockchain, Bitcoin and Bernie Sanders
 
48:04
Anarchast Ep.334 Jeff interviews well known Bitcoin activist and Bitcoin foundation member, Bruce Fenton, topics include: watching the rise of Bitcoin, the blockchain will change the world, a new invention, the power of decentralization, bitcoin poised for wider adoption, the 'block size' capacity debate, micro-transactions currently not economic, side chain solutions, altcoins, talking freedom in Saudi Arabia, libertarian Muslims, the madness of western policing and the war on drugs, putting on a costume to go out and fight crime, anarchist is the new libertarian, Obama created more state power, popular ridicule of the presidency, the solution is not more government, Trump helps raise questions over centralized power, what is Hitler without state power? Twitter @brucefenton : https://twitter.com/brucefenton?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor Bruce Fenton Page on Facebook: https://www.facebook.com/bruce.fenton.page/?fref=ts Anarchapulco 2017: http://anarchapulco.com Anarchast on Facebook: https://www.facebook.com/Anarchast/?fref=ts The Dollar Vigilante on Steemit: https://steemit.com/@dollarvigilante Anarchast: http://anarchast.com/ Enjoy our content and would like to see us get more amazing guests and spread the word of freedom? A donation to this BTC address will give us more resources to do so: 16AJs5DFEcfCuXkwmx1o54Ld4yXzPP1gVR
Views: 14437 TheAnarchast
Price Discovery, Block Size Caps, & Fractional Reserve... Bitcoins? Chat w/ Justus Ranvier
 
41:30
Researcher at Open Bitcoin Privacy Project and developer of BIP47, Justus Ranvier chats with Amanda about implications of artificial scarcity on blockchains, segregated witness/lightning networks, and the strange turn from Being Your Own Bank to off-chain Bitcoin banks. Check out our new channel! http://youtube.com/dashorg Connect with us! [website w/ RSS feed] http://TheDailyDecrypt.com [tweets] http://twitter.com/TheDailyDecrypt [facebook] http://facebook.com/TheDailyDecrypt [subreddit]: http://reddit.com/r/TheDailyDecrypt [audio-only feed]: http://henq.duckdns.org/podcast/feed.xml Wanna sponsor a show? http://thedailydecrypt.com/Sponsorship Sponsor: Fort Galt: http://FortGalt.com Show links: Justus' original piece on price discovery in BTC: https://bitcoinism.liberty.me/economic-fallacies-and-the-block-size-limit-part-2-price-discovery EtherEx update: https://etherex.org/blog/update-etherex ElCoin update: https://forum.ethereum.org/discussion/comment/22223 Open Bitcoin Privacy Project: http://openbitcoinprivacyproject.org Music: "Feelin' Alright" by Joe Cocker: https://www.youtube.com/watch?v=FoAO0851FwA
Views: 4164 Amanda B. Johnson
Transmission 33 w/ Coin Cadence, Bitcoin Mining, Transaction Volume, Block Size, P2P Mining Pools
 
30:22
http://coincadence.com http://worldcryptonetwork.com http://transmission.rocks Donate BTC: 13CJxLuCKmccDvJDDrxa57NUKy7UEXFogz LTC: LQ8iXURM7JUJPtYimUPJ3DXgioRkQrok92 http://twitter.com/bitcoinpotato
Mike Hearn - The Plan for Increasing the Blocksize (Bitcoin XT)
 
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Track Bitcoin XT nodes @ XTnodes.com "What's gonna happen is-- either today or tomorrow, I will release another version of Bitcoin XT-- which also doesn't include any blocksize changes, but it just tidies a few things up. And then probably within a week or two Gavin will have a change that's ready to submit to me, through Bitcoin XT, and then we'll integrate that and release it as a version of Bitcoin XT that anyone can upgrade to." - Mike Hearn (June 9, 2015) Mike goes on to explain that Bitcoin XT will use a majority-voting mechanism before the increased block-size change goes into effect, so that it only goes into effect if a certain percentage of nodes are using it. Full Episode: https://www.youtube.com/watch?v=8JmvkyQyD8w (Clip is taken from **50 min 37 sec** onward) ------------------------------------------------ Download current and future versions of Bitcoin XT here: https://github.com/bitcoinxt/bitcoinxt/releases/ ------------------------------------------------- common misconception: "20MB is too big of a jump" answer: It's just a *maximum* block-size **limit**. It does not mean we are going to instantly start making 20mb blocks. Blocks will continue growing at their current pace. This is perhaps the biggest misconception that we will somehow suddenly start seeing 20mb blocks just because the limit is raised. -------------------------------------------------- Track how many Bitcoin XT nodes there are: http://www.xtnodes.com The number of XT nodes is increasing.
Views: 1209 BitcoinInfo
Bitcoin Scaling Debate - Big Blocks, Hard Fork - Roger Ver, Phil Potter, Petrov, Lombrozo - Dec 2016
 
02:07:59
WhalePool bitcoin trading community hosts top bitcoin stakeholders to discuss the future of bitcoin. Should scaling occur on-chain, or through trustless payment channels? We talk to top businessmen, exchange operators, and miners to see what the top minds in cryptocurrency believe on this issue. Starring: - Eric Lombrozo a core bitcoin developer warning of the dangers of hardfork - Roger Ver from Bitcoin.com, an entrepreneur who has invested in many alternative cryptocurrencies and supports hardforking Bitcoin to create bigger block size limit - Phil Potter from Bitfinex, operator of the top volume BTC/USD exchange - Alex Petrov from bitfury.com, one of the top miners on the bitcoin network today. Visit https://www.whalepool.io to learn more about the community. Join our Telegram chat at http://telegram.whalepool.io
Views: 6490 WhalePool
Olivier Janssens - Blocksize and Scaling Debate - Bitcoin Classic, Bitcoin Unlimited
 
58:33
Olivier is an early bitcoin adopter and investor in multiple crypto projects. He supports on-chain scaling solutions, particularly Bitcoin Classic, and recently announced a hardfork plan for 8MB effective block size. Teamspeak: ts.whalepool.io Telegram: telegram.me/whalepoolbtc Twitter: twitter.com/whalepool Stream Downtime/Restart: 12:00 GMT+1 and 00:00 GMT+1 for ~1-3mins
Views: 1055 WhalePool
Bitcoin Segwit - A Fractionally Reserved Blockchain?
 
19:50
I want to be clear, I am not saying that Bitcoin Segwit is a fractional reserve monetary system, I am saying that Segwit fractionalizes the blockchain by adding multiple transaction with one single blockchain. The classic vision of Bitcoin has only one transaction per block entry for a reason and it is this vision that got us where we are now. The blockchain is meant to be a list of all prior transactions to give proof that the crypto works. Bitcoin Segwit removes this guarantee from Bitcoin's blockchain meaning the blockchain is no longer complete proof that Bitcoin has never made a mistake. I'm not saying the Segwit version is unworkable, it just is completely different than what the Bitcoin blockchain was ever meant to be. Bitcoin has always been pseudonymous for a reason, you could always track and trace every transaction for a reason. That reason was the ability to track and trace every transaction to the genesis block is what guarantees that Bitcoin has never made a mistake. That history is what defines Bitcoin. Bitcoin Segwit is removing that history. Finally crypto-currencies that use Proof-of-Stake will also have to grapple with this issue. However, POS crypto-currencies can ensure that the Nodes and Miners are paid accurately by simply changing the block reward to include a percentage to be given to Lightning Nodes based upon the total transactions completed off-chain. This would ensure that the Miners and Lightning Nodes are paid in accordance with the number of transactions they validate and because the Lightning Nodes would be paid directly out of the block reward this would effect the miners only as much as the community preferred to use the Lightning Network. The POS and hybrid crypto-currencies that use Segwit's Lightning version will still suffer auditability issues associated with the more private Lightning transactions, however for all privacy coins this will probably tend to be a bonus. I may release a video discussing the best way for POS coins to adopt the Segwit Lightning Network and how they could use this event to their advantage to gain the market share they have long deserved.
Views: 926 Rothbard's Disciple
The Problem with Bitcoin is Not Block Size
 
04:55
and Freeloaders. If your transaction have been taking too long pay a 5 cent transaction fee. I do several transactions a day & I pay fees based on importance...as the system was designed. Leave your comments @ http://theartdept.info
Views: 418 banderdash
What is Bitcoin's Scaling Problem?
 
04:53
Bitcoin is in the midst of a 'civil war'. Right now the incredible uptake of bitcoin around the world is slowing down the network to a crawl. It goes against everything bitcoin is for. It needs to scale (get bigger and faster) but how can a decentralised network do it? It's no easy answer but here we have a look at what it all means.
Views: 1630 Sam Volkering
Big Blocks Can Scale | But Will It Centralize Bitcoin?
 
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Bitcoin Whitepaper: http://nakamotoinstitute.org/bitcoin/ Satoshi quotes on nodes: http://satoshi.nakamotoinstitute.org/quotes/nodes/ Good reads: https://medium.com/@shibuyashadows/what-is-a-full-node-a64bd71b5d0c https://medium.com/@olivierjanss/why-non-mining-full-nodes-are-a-terrible-idea-ad3c49f7a7b6 Donation wallets: BTC: 15hj4CgsqxWQPA5n1poAvxFYgu3vvnWjAX BCH: qpenukthg3h4egdfrlgt5awaehxk4ejsgsue2n4zmc XMR: 4A4MQAT6Ev9FgLzt7iqcEt31WrRHhk5Xe9auLh6MwXsTJWmsJoqpw24Us1BCn3HYZUV9BCZSM3kwQ6W5KgW5ZSM71T7RA2F Eth: 0xeF9A0E52f2817C294946Bf48CBb794d8117e9612 Uncensored Bitcoin Reddit: www.reddit.com/r/btc/ contact me Email: arch_nerd@outlook.com Twitter: @don_wonton
Views: 17020 Decentralized Thought
Bitcoin BCH - Why not have AUTOMATIC block size limit adjustment?
 
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This is what I think is best option, to not have human interaction needed to raise the block size limit, but for it to be automatic same way difficulty adjustment works. Happy to discuss if you have different idea or something similar, I would prefer not to have chain split (of course, I don't think anyone does want this) but reality is if two sides (or more) are not getting in agreement, chain split will be inevitable, and if that is the case, better have it done ASAP.
What is Bitcoin - What about block size?
 
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What is Bitcoin? Follow Evander Smart, Bitcoin journalist, author and video producer on a journey into Bitcoin, "The Future of Money" In these videos, learn Bitcoin facts, tips, lessons, and the latest Bitcoin news. Subscribe to the What is Bitcoin channel today. What is Bitcoin YouTube Channel: http://tinyurl.com/zp5pyrx What is Bitcoin, bitcoin, bitcoins
Why the bitcoin block size debate drags on.
 
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Why does the bitcoin block size debate drag on? The main reason is very likely a financial incentive for miners to do nothing at all. They get paid increased transaction fees to do nothing. Link to Bitcoin Unlimited Interview: https://letstalkbitcoin.com/blog/post/epicenter-166-g-andrew-stone-andrew-clifford-bitcoin-unlimited Chart showing transaction fees: https://blockchain.info/charts/transaction-fees --------------------- Digital assets may lose holders all of their capital investment. This video makes no guarantees about anything, and I do not certify that the information provided is correct. Do your own research, make your own choices. This video is my personal commentary only.