Bitcoin
summary
Bitcoin is software money: a stateless protocol validated by a consensus network that anyone can independently verify. Demonstrations include sending $250,000 around a table six times for under $1 in fees and Streamium streaming paid every 200 ms with payments as small as one satoshi. Features covered include multi‑signature addresses, locktime-based payment channels, daily forks and a ~40 GB blockchain with pruning and SPV wallets, hardware key storage, no successful protocol break in six years, and custodial failures like Mt. Gox.
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chapters (12)
- 0:00Start
- 0:54What Is Bitcoin
- 3:21Bitcoin Is Validated by a Consensus Network
- 6:48Net Neutrality
- 16:33Bitcoin Scripting Language
- 17:42Multi Signature
- 19:28Lock Time
- 24:10Alternatives the Bitcoin
- 27:55New Model for Open Source Development and Governance
- 31:21Pruning of the Blockchain
- 33:14Denial of Service Attacks
- 35:53Paper Wallets
