Understanding #Bitcoin mining was one of the first things that made me really grasp what an insane and brilliant system Bitcoin truly was...
If you still think it's just some gamified ponzi scheme, I urge you to take a few minutes and watch this π
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Quite a good explanation!
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MIND BLOWING MESSAGE!!! DAMN I LOVE THE POSITIVITY OF THIS BEAUTIFUL NETWORK!
banger content as alwaysβ
Thank you for your 2 sats π«‘
Stellar.
Sharing this all over the place.
Incredible short piece! I'm glad I took your advice and watched it.
Now I know why you wanted that video of my #bitAxe!


Same, and I'd like to thank @OCEAN for making my block template count.
My Bitaxe made it into the video! Love the video and the clear explanations.
Oh! I remember him asking for #bitaxe pics now
Yep! All makes sense now!
@Guy Swann Iβm so glad you cross posted a YouTube version of this! Itβs perfect for having in the front of the mining playlist thatβs linked from the Why The Future (WTF) is Bitcoin book. Short and clear. Well done, sir.
http://krigerdanes.com/btcmining
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nice job on the "Great Taking" series Guy...looking forward to the rest of them.
One of the best explanations I've seen. πππ Made me tear up a little.
This is fantastic, well done!!!
This is now my go to explainer on WHY Bitcoin Mining.
Thank you
β#Bitcoin mining is a βwaste of energyβ or βpointless mathβ in exactly the same way that the concrete and steel in a bank vault is βpointless building materials.ββ
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Understanding Proof of work is how you can understand why bitcoin is unbreakable, uncensorable and don't need to be trusted.
The trustless Monetary system.
The trustless Truth system.
The trustless Time system.
The trustless Energy system.
...
The trustless... everything!
π€―
Understanding #Bitcoin mining was one of the first things that made me really grasp what an insane and brilliant system Bitcoin truly was...
If you still think it's just some gamified ponzi scheme, I urge you to take a few minutes and watch this π
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[Libertad]
El mundo digital estΓ‘ aquΓ.
MuΓ©vete rΓ‘pido. Con determinaciΓ³n.
Aprende y asienta conocimiento.
Los que vengan detrΓ‘s te lo agradecerΓ‘n (de muchas maneras)
#hola #HispaNostr #hispano #espaΓ±ol
Understanding #Bitcoin mining was one of the first things that made me really grasp what an insane and brilliant system Bitcoin truly was...
If you still think it's just some gamified ponzi scheme, I urge you to take a few minutes and watch this π
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This is great
That transition to βITS A WALLβ is very cool
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This by @Guy Swann is the quickest was to get your head around what BTC mining actually does for the network. Once again killing it Guy!
nevent1qqsxnvldzywkv3pvh9q0ekr2ph4238xu7es55gtsk4spkcs3r86k2zgpzemhxue69uhhyetvv9ujuurjd9kkzmpwdejhg3hjtrn
This is really good and clear.
I haven't watched this yet, but I had the same experience. π
π
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Excellent video legend! Just shared with some normie friends
π«π§‘π₯π₯π₯
well said, nice little clip
βBitcoin mining is a waste of energy or pointless math in exactly the same way that the concrete and steel in a bank vault is pointless building materials.ββ
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Send this sht to your nocoiner friends
Understanding #Bitcoin mining was one of the first things that made me really grasp what an insane and brilliant system Bitcoin truly was...
If you still think it's just some gamified ponzi scheme, I urge you to take a few minutes and watch this π
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Epic 7:55mins by the amazing @Guy Swann π₯π€π§‘
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One of the best explainer videos I've ever seen. This is what normies need
Great one @Guy Swann ππ½
Yes, but then there's also the problem of mining centralization. Which is an issue. Mining pools can centralize control, effectively becoming keys to writing on the Bitcoin chain.
I do think the current market dynamics, i.e West vs East, will allow Bitcoin to remain decentralized and also mining software like Datum/Stratum V2 will help immensely, but this is an and will always be an issue.
In other words, there's details that are fundamental to truly understand if one is to dive unto Bitcoin.
This post by @Luke Dashjr explain it very well: and
OCEAN - About
OCEAN - The Origins of DATUM
Bitcoin mining beautifully explained. Worth watching. π
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