How Reindeer Explain Bitcoin

MinuteEarth

Watch the new season of MinuteBody - and get access to both CuriosityStream and Nebula - at https://curiositystream.com/minuteearth Bitcoin and other blockchain technologies, like NFTs, work a lot like reindeer mating. LEARN MORE ************** To learn more about this topic, start your googling with these keywords: - Bitcoin: a digital currency known as a cryptocurrency, which uses a proof-of-work consensus to validate transactions and create new units of Bitcoin. - Proof-of-work: a decentralized consensus mechanism that requires members of a network to expend effort solving an arbitrary mathematical puzzle to prevent malicious activity - Blockchain: a record of transactions made in Bitcoin or another cryptocurrency maintained across several linked computers, which can also be used in non-cryptocurrency applications - Mining: the process of validating transactions and creating new Bitcoin or other cryptocurrencies - Sexual selection: a form of natural selection driven by competition between members of a species of one sex for access to mating partners of another sex that favors certain characteristics SUPPORT MINUTEEARTH ************************** If you like what we do, you can help us!: - Become our patron: https://patreon.com/MinuteEarth - Share this video with your friends and family - Leave us a comment (we read them!) CREDITS ********* Julián Gustavo Gómez (@TheJulianGomez) | Script Writer and Narrator Ever Salazar | Director Aldo de Vos | Illustration, Video Editing, Animation, and Music MinuteEarth is produced by Neptune Studios LLC https://neptunestudios.info OUR STAFF ************ Sarah Berman • Arcadi Garcia i Rius David Goldenberg • Julián Gustavo Gómez Melissa Hayes • Alex Reich • Henry Reich • Peter Reich Ever Salazar • Leonardo Souza • Kate Yoshida OUR LINKS ************ Youtube | https://youtube.com/MinuteEarth TikTok | https://tiktok.com/@minuteearth Twitter | https://twitter.com/MinuteEarth Instagram | https://instagram.com/minute_earth Facebook | https://facebook.com/Minuteearth Website | https://minuteearth.com Apple Podcasts| https://podcasts.apple.com/us/podcast/minuteearth/id649211176 REFERENCES ************** Antonopoulos, Andreas M. "Mastering bitcoin." (2019) Brennan, P. “Sexual Selection.” (2010) Nature Education Knowledge 3(10):79 https://www.nature.com/scitable/knowledge/library/sexual-selection-13255240/ Cambridge Bitcoin Electricity Consumption Index (CBECI), University of Cambridge, https://ccaf.io/cbeci/index. de Vries, Alex. “Bitcoin Energy Consumption Index.” Digiconomist, 6 Nov. 2021, https://digiconomist.net/bitcoin-energy-consumption. Goss, Richard J. Deer antlers: regeneration, function and evolution. Academic Press, 2012. Panko, Ben. “Go Big or Go Generic: How Sexual Selection Is like Advertising.” Smithsonian Magazine, Smithsonian Institution, 6 Dec. 2016, https://www.smithsonianmag.com/science-nature/either-go-big-or-go-generic-how-sexual-selection-advertising-180961311/.