Bitcoin for Beginners: Bitcoin Explained in Simple Terms
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- Опубликовано: 4 авг 2024
- This is the first part of a talk which took place on February 22nd 2017 at the inaugural Bloktex Conference pre-event, hosted at Technology Park in Kuala Lumpur, Malaysia: antonopoulos.com/event/kualal...
Chapters
0:00 Introduction - Mastering Bitcoin and The Internet of Money Book
05:00 History of Bitcoin - Satoshi Nakamoto
07:04 What is Bitcoin?
10:32 Bitcoin Software, Network, and Currency
11:26 Forms of money
15:01 Digital currency
17:05 Peer to peer transaction
20:55 Who can use Bitcoin?
24:31 Bitcoin technology
25:47 Systems of trust
26:55 Institutions fail on a global scale
LEARN how bitcoin is priced, how to get it, and much more in Andreas' FREE Intro to Bitcoin & Open Blockchains. aantonop.io/takeaworkshop
RELATED:
A collection of my talks on Bitcoin - • Bitcoin Talks by Andre...
A collection of Q&A on various topics in Bitcoin - • Bitcoin Q&A
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About aantonop: Andreas M. Antonopoulos is a technologist and educator who has become one of the most well-known, trusted, and well-respected figures in bitcoin. He is the author of two technical books: “Mastering Bitcoin,” "Mastering Ethereum" both published by O’Reilly Media; he has also written “The Internet of Money,” a series of books about why bitcoin matters. Andreas isn't promoting a company or an organization; he's paid by the community (people who support this work on Patreon and RUclips) and provides an unbiased look at open blockchain technologies, what they can do for our societies, and how to get involved (if you decide you want to). Learn more at aantonop.com
From Andreas: You may already know that my mission is to educate as many people as possible about #Bitcoin and open blockchain technologies. Watching these videos and sharing them with others is a big part of that. Thank you for being part of this mission.
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**Books**
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Translations of MASTERING BITCOIN: bitcoinbook.info/translations...
THE INTERNET OF MONEY, v1: amzn.to/2ykmXFs
THE INTERNET OF MONEY, v2: amzn.to/2IIG5BJ
MASTERING ETHEREUM: amzn.to/2xdxmlK
Bloktex Videographer: Takeem Videography
Music: "Unbounded" by Orfan ( / orfan )
Outro Graphics: Phneep (www.phneep.com/)
Outro Art: Rock Barcellos (www.rockincomics.com.br/)
Thanks for watching!
#bitcoinexplained 
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![Bitcoin Explained in the Bitcoin Basics Workshop CBP Prep [Free Workshop Extras - See Description]](/img/1.gif)
I wasn't going to watch such a basic talk but as always Andreas had a little nugget of wisdom in there that blew my mind. The concept that institutions of trust are failing because they can't scale from industrial to information based society. Brilliant.
Bill Ruby I have been re-watching many of his videos in order to share with some friends, but they know nothing about bitcoin except that I'm obsessed with it lol so I wanted to pick the right one. Anyway I am so grateful for the new takeaways each time, priceless :)
You're not alone. I talk bitcoin 24/7! My friends and family didn't listen and also said I'm obsessed. But after few months they came back seat me down and asked all the questions about it. Now they are Bitcoin zombies.
@@florinr.9130 I'm not even a beginner for this kinda stuff. So what is there to talk about? And how to work on these not theoretical but practical? I would really like to understand but I guess I somehow miss the point.
@@-fissst, not sure what you're asking - you're not a beginner, but you don't see the use case?
For assistance you can connect her on What[sApp]
andreas is a genius. like him a lot. well educated, well spoken. he could earn a lot of money, but he prefers to enlight human kind about cyber-currency (bitcoin, etc.) thank you so much for this effort andreas.
maybe he is Satoshi nakamoto. I'd say its more probable then other theories :P
C.A.
He is a multi millionaire by now. So he is earning money while helping the world haha
Con artist are usually excellent orators, they have to be to get your money.
A fool and his money is easily departed. So u admire so called rich geniuses. Now that is a laugh. Many cons are rich. He is a griffter
Andreas is an open book. How he gives these amazing, logical and very clear talks out of his head is amazing.
Free game
53 seconds in they pan to the audience..... Notice how many people are there? For real! Wow do we have a bright future with BTC and Blockchain tech. Fantastic video, still holds up beautifully even watching in April of 2020.
July 2023
2024
Thank you Andreas for this, very well explained, informative and educating, I will keep listening to your talks, so good.
Such a simple, humble talk about something so profound. I’m late to learn this: when Andreas speaks, I listen carefully!
Your passion for the topic radiates through your presentation, that is probably why you can bring your message in a such a fascinating way. And off course it helps that it is a fascinating topic. Thanks!
Every time i need a confidence boost in my bitcoin startup i come here! Never disappoint! Thanks!!
I wish I can like this video more than once! 🙏🏼❤️ Thank you, Andreas Antonopoulos.
My WhatsApp is +1(209) 229-2556
Main content starts at 4:53
thanks
Thank you Andreas for your great video.Brilliant talk and very well explained
Amazing video, the way he simplifies it is just amazing. Have learned so much through your channel aantono
Wow again and again! Thanks so much Andreas!
The true BTC
Jesús right there. The ability to break down a seemingly complex concept in an uninterrupted train of speech indicates the grasp Antonopoulos has obtained around the block-chain ethos. Amazing.
Andreas' simplicity is underrated, don't you think>?
@@mayam6911 It is
Another 'classic' from Andreas. Such an inspiration ! Ratty is smiling.
Thank you for the knowledge and spreading it selflessly!
Thank you very much Andreas! σευχαριστούμε πολύ !
this is by far the best explanation of why we need bitcoin
Thank you so much for everything you do. Always great content.
Thank you beautiful explanation. It is so great to have this resource to support my bitcoin business.
Andreas is really obsessed with his work! An awesome individual to learn about Bitcoin and Cryptocurrencies from...
Great timeless content (2022 over here)
Always have the “nuggets” .... Great presentation Andreas 👌👍
Brilliant talk thank you
I love the way he puts things together
I wish I was there in the audience 6 years ago
Simply outstanding!
Love this analogy surrounding money
Well explained!!! Great job.
+aantonop great talk as always, but how come so many of your videos have comments disabled?
great explanation.
he is the best crypto currency speaker on this planet ;) love it!
It highly profitable
thank you for valuable resource
Thanks for overview in ways we can Understand
Great video! I'd love to see a series of shorter videos explaining Bitcoin step by step. Many folks I've spoken to are hesitant to dive in due to the complexity. Short, focused videos could make it much more accessible.
Amazing
I'd love to see a refresh on this course
Amazing!
Great talk that anyone new to Bitcoin should watch.
:)
Very happy that you're doing what you're doing. Spreading the word about Crypto in an intelligent manner that everyone can understand. I've been in Crypto for over 2yrs now and the easiest way I've found to explain to people what it is and what it's going to do for our planet, is to share your videos. Great job Andreas. The community applauds your hard work.
This video has been incredibly helpful..
27:02 Past tense, institutions have failed - whether banks, media or government.
Have failed and still failing......
BIG BANG CRYPTO HERO :>) A true (un)polished multifaceted passionate Crypto diamond!
Modern Robin Hood of Economy. Well educated, interested, experienced Metaphorical connecting our financial past and future from with passion!
From Technical, Biological, Medical, Economical, Anthropological and IT perspective. Very enriching for navigating (financial) life! Greeting from Amsterdam
Thanks Andreas
Great video
very well told
Hi Andrew, Do you think Bitcoin will be able to do smart contracts embedded in a layer of the lighting network in the future?
This is the future currency
Andreas M.Antonopoulos '' Lover of wisdom"
Ive watched this so many times over the years...
I keep watching this and about 4 other of his videos all the time... this man... jeez...
Genius personified. 🥰
Andreas, l have a copay on my device android, l written down the 12 words, but no number of private key?
Brilliant
The fact this video is still under 400K views in 3 1/2 years is another proof that it's still early, entering the bitcoin market at around $10,000 is still cheap. Or so I think.
Exactly. Preconceived notion formed by mainstream media seems hard to break
Right now btc is $29,249. You were right 👍
and now it is 60k
400k reached. AFTER 6 YEARS! Incredible
@@jimmyribeiro7785Maybe. But what will our money be worth by then
Another great talk Andreas . I didn't know that Malaysians speak Arabic !
The largest number of Muslims is SE Asia. More practice Islam in Malaysia than Arab. Odd how they try to give the impression that Islam is a race. Maybe if we always saw Asians practicing Islam it would be more difficult to cultivate the current misconstruesion.
Great
Oh... I missed this. Wish I was there
Geez dude you are good.
Awesome video. Also, the camera guy had me laughing my ass off.
👍 👍
I'M NOT SURE IF ARTIFICIAL INTELIGENCE COULD BE MORE EFFECTIVE OR MORE OBJECTIVE TO MANAGE BITCOIN!! BEAUTIFUL VIDEO!!
Have you got to know what Nvidia is doing now ?
Ai n depin expect to be huge narratives in 2024
fgaristo para poli andreas.!! e ise o kaliteros..!!!
Gabriel Megias Giannits heyy Gabriel
Hey itsmee boos lady.--! how you doing?.. i see you always on live chats and comments.. you are very active,, when are you gonna be apearing on any shows..!??
Bravoooo!!!!!
which app does he use?? saying that you dont have to identify if you want to transfer coins.??
Do you have to have a smart phone to use bitcoin?
it was my colleage.. great
You were mentioned today as an example of a good influencer to collaborate with in the Eddie Seal group
watched
where can get bitcoins? best wallet? can u help??
Why the german title? - oh, i guess because of the 10 subtitles
Andreas is great, Thanks !!
Hello sir ,
If I download the Application... will wallet key automatically generate?? ( Without credintial or identity ) If. Yes , in what basis Wallet key is being generated?( Is it based on IP address)... if yes..then if I changed my mobile device with new one or lost .and download application again then instead of previous one.. Application would generate different Wallet address.. How can I retrieve previous one. that's what I understood from this session. if I understood wrong...Guide me through out this one.
Thanks 🙂
Another step into The Singularity. Give the trust to the computers.
Isn't that awesome?
Is it possible that two miners might complete a " proof of work " simultaneously ? If so who gets rewarded the "coin" ?
natrium wallet how to withdraw money
H says it best. We are in a system where others control our money. This is about to change!
I can't buy them in my country so far.Can you help me?
Wow he litterly hammered it
What would you answer if someone tells you bitcoin is not p2p because all transactions have to go through nodes?
Thank you, aantonop!
I'm wondering...if cash disappears mostly, how am I going to "cash in" my BitCoin when I want to use it for rent, food, clothing, etc., when most businesses won't or can't accept BitCoin?
WHO DECIDED TO START WITH BTC AFTER WATCH THIS VIDEO??
Carla V V Hello my friend, do you know you can earn good profits into your bitcoin wallet daily or weekly with bitcoin investment and mining?
I'm clueless to Bitcoin but eager to learn.
Will you do a video about the Eddie seal memecoin?
I believe you should be free to pick the currency you want to use. Why not have many?
Mighty group
Great explanation video for dummies like me. Love is God as payment for value, Cryptocurrencies is 2nd. Love is like bitcoin beyond borders but has no miner companies, transaction fees and is not limited by scarcity or political involvement :-)
God is infinite light and love, BTC is finite hard currency.
I love Double AA.... People who have disliked this video are scared of AA, more than Bitcoin...
Question. If it is decentralized, and no one but yet everyone is in control, who receives the $1 transaction fee? I mean if there is no one, or an organization, controlling bitcoin who are we paying a fee to when a transaction is made?
acklan3 miners get the fees to keep the network going
Yes, miners are paid the fee as an incentive to keep the network running
this is also a key question going in my mind too when i saw the video. if it is going to replace money then why do we have to pay money to purchase that. why the other person or anybody needs that money for.. very tricky
Miners who are giving their CPU power to the network.
Bitcoin is our birthright
what is the best way to make money from investing?
Puttar mubashir maza aagya
how then do you set up a bitcoin wallet?
The best way is for you to search in google and the top options will provide detailed step by step procedures. But just as Andreas mentioned, it can be as simple as downloading a bitcoin wallet application in your phone and takes a couple minutes to setup.
Doctor Nature Hello my friend, do you know you can earn good profits into your bitcoin wallet daily or weekly with bitcoin investment and mining?
Andrea's is such a gentle man
I really like your video, but it is hard for me to understand about Bitcoin, because I am newbie to Bitcoin, can you explain about Block chain kindly?
Rainbow Collection Mall. Blockchain is a ongoing Ledger of Transactions that have taken place from the first day bitcoin started. A copy of this Ledger runs on thousands of computers around the world at the same time. The term "block refers to the number of confirmed bitcoin transactions ( transactions that are legitimate and not double spent) that took place in a 10 minute time frame . Every 10 minutes the the bitcoin network rewards a mining pool (a group of computers checking and confirming transactions) with 25 bitcoins. To win the reward one (a mining pool) must answer a complex math problem by throughing hundreds of thousands, maybe millions, of random numbers back at the network . The first pool to answer the question wins the 25 bitcoin. (simply luck) So, every 10 minutes bitcoin comes into existence. Once a block prize (25 btc) is awarded to the winning mining pool it is closed and linked to the last block of transactions. Now you have a chain of blocks and a concise record of Transactions from day one. Hence, you have a precise ledger of every transaction ever executed since January 3 2009. A ledger that can never be manipulated or changed. This is called "the blockchain" Hope this helps....
what a mess to let people money connected to (simple luck) , and catastrophic consumption of enery (electricity)
I watched this video, another video, and read an article and this is probably one of the best explanations I've seen but I have a couple of questions.
1. You said that a block is the number of confirmed bitcoin transactions (legitimate and not double spent). How does the network validate the individual transactions to make sure they're legitimate?
2. There's a copy of the entire ledger of every computer that runs the bitcoin application, right? If data is only appended to this point, won't it eventually become too difficult to run bitcoin as the size of the ledger continues to increase and take up disk space?
3. Where does the trust in the system come from? As in, if there's a "correct" answer associated with adding a block to the chain, why do people trust that these answers are randomly generated?
@@seantato The blockchain is around 283GB now. Not that big compared to the internet and google servers etc. Moores law refers to Moore's perception that the number of transistors on a microchip doubles every two years, though the cost of computers is halved. Moore's Law states that we can expect the speed and capability of our computers to increase every couple of years, and we will pay less for them. Another tenet of Moore's Law asserts that this growth is exponential.
Thanks for indonesia subs🇮🇩🇲🇾🥂🚀
Just looking at this now and I hope someone can answer this...
Once the last bitcoin is mined then what happens to the transactions? If miners have no incentive to mine then who will be authenticating the transaction?
Maybe this will sound like nonsense, but here are my thoughts about thi: The implicit philosophy of the government is that it is not legal to own anything without the government knowing about it. When you stop to think, not about the explicit law, but about the implicit philosophy directing the various things they make the citizens go through, this is what is at the core.
That the citizen is here to be regulated by the government and that it is reasonable and normal for the relationship to be like that.
And so, it is only a matter of time before they catch on to HOW exactly they will try to regulate the use of Bitcoin (and/ or the internet), because they have the power, and to combat that power you need philosophical and moral clarity; technology won't be enough...
Dear Bubble, I‘m referring to minute 19:27. So, my brain doesn‘t get it….because I always thought the reason why we all need to tell our identity to get a moneyaccount is to make it possible to search for a person later. I mean if nobody knows who got the money this is anarchy. How can we avoid criminality if there‘s no way follow the money?
Or am I missing something? Thank you for the valuable content❤️
"remembering your itunes password". Hahahahah indeed, the most difficult!!!
I bought one of his books
And they r in trash rn🤐
great video, but the camera operator had a few too many whiskeys before work!
he or she is use to shot action movies where everithing is shaking
Camera man is playing PUBG
This cracked me up