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Blockchain and Bitcoin

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Manage episode 307629600 series 3009097
Content provided by Many Worlds Productions. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Many Worlds Productions or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

You've heard of Bitcoin, but how does it work, and why are so many people talking about it? Let's talk about blockchain--the tech behind Bitcoin and other cryptocurrency--in plain English, including hashing, a key part of blockchain technology. We'll also talk about why people invest in cryptocurrency.
Resources for this episode
Development of blockchain:
"A Peer-to-Peer Electronic Cash System" by Satoshi Nakamoto: https://bitcoin.org/bitcoin.pdf
Rising Bitcoin value:
https://www.businessinsider.com/bitcoin-surge-means-laszlo-hanyecz-paid-316-million-two-pizzas-2021-3
The fascinating original forum conversation about the pizza buy: https://bitcointalk.org/index.php?topic=137.0
https://www.theguardian.com/technology/2015/dec/09/bitcoin-forgotten-currency-norway-oslo-home
https://cointelegraph.com/news/satoshi-nakamoto-s-bitcoin-white-paper-is-now-a-13-year-old-teenager
Bitcoin accepted as currency:
https://cointelegraph.com/news/el-salvador-president-bitcoin-law-will-be-approved-tonight
https://www.buybitcoinworldwide.com/who-accepts-bitcoin/
Losing the key:
https://www.wired.com/story/i-forgot-my-pin-an-epic-tale-of-losing-dollar30000-in-bitcoin/
https://www.wired.com/story/wired-lost-bitcoin/
https://www.cnbc.com/2021/01/15/uk-man-makes-last-ditch-effort-to-recover-lost-bitcoin-hard-drive.html
https://medium.com/luno/where-do-lost-bitcoins-go-7e8dd24abd0f
How blockchain works:
https://www.guru99.com/blockchain-tutorial.html
https://www.investopedia.com/terms/b/blockchain.asp
Support the Show.

Visit us on Patreon for bonus content and special offers! But only if you hate scams and attacks too.

  continue reading

Chapters

1. Intro (00:00:00)

2. History of currency (00:01:12)

3. What is hashing? (00:11:24)

4. Blockchain puzzles (00:22:55)

5. Bitcoin network (00:25:32)

6. How transactions are saved to blockchain (00:27:04)

7. Bitcoin mining (00:28:37)

8. Where new Bitcoin comes from (00:29:29)

9. What is a block, what is blockchain (00:32:17)

10. How blockchain was invented (00:37:48)

11. The rise of Bitcoin (00:42:03)

12. Bitcoin stories of sadness and woe (00:44:28)

13. Conclusion (00:48:56)

30 episodes

Artwork
iconShare
 
Manage episode 307629600 series 3009097
Content provided by Many Worlds Productions. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Many Worlds Productions or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

You've heard of Bitcoin, but how does it work, and why are so many people talking about it? Let's talk about blockchain--the tech behind Bitcoin and other cryptocurrency--in plain English, including hashing, a key part of blockchain technology. We'll also talk about why people invest in cryptocurrency.
Resources for this episode
Development of blockchain:
"A Peer-to-Peer Electronic Cash System" by Satoshi Nakamoto: https://bitcoin.org/bitcoin.pdf
Rising Bitcoin value:
https://www.businessinsider.com/bitcoin-surge-means-laszlo-hanyecz-paid-316-million-two-pizzas-2021-3
The fascinating original forum conversation about the pizza buy: https://bitcointalk.org/index.php?topic=137.0
https://www.theguardian.com/technology/2015/dec/09/bitcoin-forgotten-currency-norway-oslo-home
https://cointelegraph.com/news/satoshi-nakamoto-s-bitcoin-white-paper-is-now-a-13-year-old-teenager
Bitcoin accepted as currency:
https://cointelegraph.com/news/el-salvador-president-bitcoin-law-will-be-approved-tonight
https://www.buybitcoinworldwide.com/who-accepts-bitcoin/
Losing the key:
https://www.wired.com/story/i-forgot-my-pin-an-epic-tale-of-losing-dollar30000-in-bitcoin/
https://www.wired.com/story/wired-lost-bitcoin/
https://www.cnbc.com/2021/01/15/uk-man-makes-last-ditch-effort-to-recover-lost-bitcoin-hard-drive.html
https://medium.com/luno/where-do-lost-bitcoins-go-7e8dd24abd0f
How blockchain works:
https://www.guru99.com/blockchain-tutorial.html
https://www.investopedia.com/terms/b/blockchain.asp
Support the Show.

Visit us on Patreon for bonus content and special offers! But only if you hate scams and attacks too.

  continue reading

Chapters

1. Intro (00:00:00)

2. History of currency (00:01:12)

3. What is hashing? (00:11:24)

4. Blockchain puzzles (00:22:55)

5. Bitcoin network (00:25:32)

6. How transactions are saved to blockchain (00:27:04)

7. Bitcoin mining (00:28:37)

8. Where new Bitcoin comes from (00:29:29)

9. What is a block, what is blockchain (00:32:17)

10. How blockchain was invented (00:37:48)

11. The rise of Bitcoin (00:42:03)

12. Bitcoin stories of sadness and woe (00:44:28)

13. Conclusion (00:48:56)

30 episodes

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