The Insane World of Bitcoin.

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The insane world of Bitcoin and cryptocurrencies has only become more complex and intriguing with time. But underlying the hype are serious problems and questions that are important to understand, especially if Bitcoin were to gain mass adoption…

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Bitcoin first began when a white paper titled “Bitcoin: A Peer-to-Peer Electronic Cash System” began to circulate on a cryptography mailing list.

The white paper was signed by an individual going by the pseudonym of Satoshi Nakamoto. And to this date, Nakamoto’s identity has still not been entirely confirmed.

In 2009, Satoshi Nakamoto “mined” the very first block on the Bitcoin blockchain and set into motion a series of events that would lead to the cryptocurrency’s current fame and status.

But I know what you might be thinking:

What even is Bitcoin? What is blockchain? What is “mining”? What is a cryptocurrency? Why was Bitcoin even created? Does Bitcoin even have any value? And how could this “Bitcoin” be worth tens of thousands of dollars? Is it all just a massive scam?

In the first part of the series, we covered how Bitcoin “works” and what blockchain technology is, as well as looking at an overview of Bitcoin’s history. In this second part, however, we will take a look at the problems and underlying issues Bitcoin faces, as well as addressing the Tether conspiracy that could prove to be one of the biggest hits to Bitcoin’s value in time.

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All materials in these videos are used for educational purposes and fall within the guidelines of fair use. No copyright infringement is intended. If you are or represent the copyright owner of materials used in this video and have a problem with the use of said material, please contact me via my email in the “about” page on my channel.

AFFILIATE DISCLOSURE: there may be a few links in this description that, at no cost to you, will earn me a commission if you choose to click them and make a purchase ?
Don’t worry – I only ever promote things that have genuinely helped me.

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Prologue – 00:00
Chapter I: Intrinsic Value – 1:36
Chapter II: The Bitcoin Problem – 5:43
Chapter III: Whales & Manipulation – 11:36
Chapter IV: The Crypto Wild West – 14:50
Conclusion – 19:40

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Kane Dane