Episode Two - What is Bitcoin - Bitcoin Breakout
2 years ago
68
Peer to peer payment system with need for a trusted 3rd party
No need for a trusted party doesn’t mean there can’t be one
Brute Force not Math
https://www.blockchain.com/charts/difficulty
How SHA256 works
https://demoblockchain.org/hash
https://andersbrownworth.com/blockchain/
The concept of absolute scarcity (only happens once)
What Satoshi Wanted
Digital peer to peer
Privacy but public record of all transactions on chain
Rule by consensus
The ability to run a node with common hardware
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