Premium Only Content

Ⓑ Blockchain: The Big Picture - Part 1: What Do You Own?
In this video I explore further into Blockchain technology and this time discuss the big picture as to its purpose and driving force. In this Part 1 video I specifically look at the concept of digital ownership, value, and the numbers on your bank account. In the physical world, the concept of ownership is taken for granted because we can physically hold in our hands the physical objects that we claim to own. But in the digital world all we are holding is copies of information, or more specifically copies of a series of pulses of light from the magical all encompassing internet of inter-connected computers, linked through a grid of deep-sea fiber optic cables. Thus the focus gets shifted into replicating physical objects through mathematical one-way functions and understanding just who owns the numbers in “our” bank account.
To change the numbers on our bank account without needing to go through the bank requires developing our own ledger, which is just a history of events, and ensure that only one version is upheld through the science of cryptographic consensus. The numbers on any ledger only has value when the network believes it has value. And the ability to digitally form decentralized consensus of a history of events and laws, means blockchain based ledgers can be viewed as digital countries. And this transition is of profound significance and which I will explore in more detail in Part 2, so stay tuned!
The topics covered in this video are listed below as well as their timestamps:
- @ 0:00 - Intro
- @ 1:16 - Topics to Cover
1. @ 2:35 - Recap on My Earlier Blockchain Videos
2. @ 5:08 - Introduction
3. @ 5:42 - Note on Part 1
4. @ 6:21 - What Do You Own?
- @ 7:03 - The Numbers On Your Bank Account
- @ 8:30 - Your Entire Digital Existence
5. @ 9:39 - The Internet: Cables of Light
- @ 13:21 - World Wide Web: Language of Light
- @ 17:09 - Decentralization of Information
- @ 18:34 - Decentralization of Information But Not of Value
6. @ 20:14 - What is Value?
- @ 22:27 - Physical and Mathematical One-Way Functions
- @ 24:26 - Physical Boxes and Cryptographic Hash Functions
- @ 27:48 - Digital Keys, Passwords, and Cryptography
- @ 33:38 - Digital Signatures
7. @ 35:45 - The Numbers On Your Bank Account (Again)
- @ 37:34 - Whose Ledger is it Anyway?
- @ 38:50 - Where Are the Ledgers Located?
- @ 40:13 - Value is in the Collective Belief of a Network
8. @ 42:21 - Trust
- @ 44:24 - Chain of Signatures
- @ 45:12 - Copy and Paste and Double Spending
- @ 47:29 - Chain of Digital Signatures
- @ 53:02 - Consensus is Everything
- @ 58:03 - Digital Gold: Consensus via Mathematical Work
- @ 1:04:36 - Digital Governance: Consensus via Network Stake
- @ 1:07:18 - Variations in Digital Consensus
9. @ 1:12:30 - Decentralized Consensus: Everywhere and Nowhere
- @ 1:15:23 - Digital Countries
Stay tuned for Part 2…
Download Video Notes: https://1drv.ms/b/s!As32ynv0LoaIiLwHuBXhHKEDrRTBqA?e=51919G
View video notes on the Hive blockchain: https://peakd.com/general/@mes/blockchain-the-big-picture-part-1-what-do-you-own
Related Videos:
Ⓑ Blockchain Overview: Bitcoin, Cryptocurrency, Cryptography, & Satoshi Nakamoto: https://peakd.com/blockchain/@mes/blockchain-overview-bitcoin-cryptocurrency-cryptography-and-satoshi-nakamoto
Blockchain Tutorials Playlist: https://mes.fm/blockchain-playlist
Computer Tutorials Playlist: https://www.youtube.com/playlist?list=PLai3U8-WIK0HVPZB2HtwnLHKOl4xDUTB_ .
------------------------------------------------------
SUBSCRIBE via EMAIL: https://mes.fm/subscribe
DONATE! ʕ •ᴥ•ʔ https://mes.fm/donate
Like, Subscribe, Favorite, and Comment Below!
Follow us on:
MES Truth: https://mes.fm/truth
Official Website: https://MES.fm
Hive: https://peakd.com/@mes
MORE Links: https://linktr.ee/matheasy
Email me: contact@mes.fm
Free Calculators: https://mes.fm/calculators
BMI Calculator: https://bmicalculator.mes.fm
Grade Calculator: https://gradecalculator.mes.fm
Mortgage Calculator: https://mortgagecalculator.mes.fm
Percentage Calculator: https://percentagecalculator.mes.fm
Free Online Tools: https://mes.fm/tools
iPhone and Android Apps: https://mes.fm/mobile-apps
-
6:00
Math Easy Solutions
2 days ago🔬#MESExperiments 50: Magnets in Repulsion Atwood Machine Drop Tests
1352 -
1:45:16
Redacted News
4 hours agoTrump issues Ultimatum to Putin "End this war now or else," Russia not backing down | Redacted Live
167K121 -
LIVE
Fragniac
25 minutes ago🟢MAKE GAMING GREAT AGAIN‼
64 watching -
LIVE
Joker Effect
50 minutes agoCliques! Cliques Cliques! Are they toxic? Rumble Ambassadors and Network Axis Group chime in!
347 watching -
1:07:56
Michael Franzese
3 hours agoBillionaire Insider Exposes Epstein’s Real Blackmail Operation
24.5K24 -
46:12
Candace Show Podcast
4 hours agoBrigitte Presents “Proof” Her Brother Is Alive. | Candace Ep 221
57.6K137 -
LIVE
Eggman_92
4 hours agoStreaming in 4K (Hopefully No Issues!) 🎥 | Birthday Stream Friday 🎉 | Nintendo Switch 2 Giveaway
11 watching -
LIVE
NeoX5
20 minutes agoMore Retro Throwbacks | Part 5 | Summer Gaming Ep 25 | Rumble Gaming
58 watching -
LIVE
Quite Frankly
7 hours ago"American Eagle Rage Bait, Pay The WNBA?, Calls & More" 7/29/25
627 watching -
9:11
China Uncensored
9 hours agoChina Riots! Communism FAILED Yet Again.
4.5K6