WTF Is Bitcoin Mining Explained – Part 2 – CHIP WARS 16

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Part 2 of 3: Series about Bitcoin and Bitcoin Mining. Is it a Boom, Bubble, or Bust?
Part 1: http://bit.ly/CHIP-WARS-15-Bitcoin
Part 3: http://bit.ly/CHIP-WARS-17-Bitcoin-Control

Is Bitcoin secure?
What is a Block Chain?
Is Bitcoin a currency?
How risky is Bitcoin?

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18 COMMENTS

  1. So you argue that bitcoin will not be successful because based on the history of currency it will be a very unstable market. Have you consider the implications of the fast rate of currency exchange on the web compared to real world currency? the web is a whole new medium for currency to transfer which really muddies up the historical perspective. Very interesting video and channel btw. Subbed and liked

  2. Excellent Subject!! You amaze me with your ability to be spot on !! with current Technology of the day, being old school you have tough me how to be tech savvy. I look forward to your next educational series. Thank You So much

  3. You are stupid. Intrinsic value is seen as the alternative if the currency becomes ZERO. You can make shit with metals. You can't with a digital digit.

    Bitcoin is hack-able. It doesn't take long for a hacker to set 1000000000000000000000000 into his wallet.

    Bitcoin is now being regulated by the Government. You're fucked as time goes on. Thanks but no thanks.

  4. There is no such thing as *real* or intrinsic value, because value is subjective, i.e. value is a matter of taste. In a free market, market prices are determined by supply and demand and reflect the subjective valuations made by the traders. Bitcoin is no different.

  5. save up the electricity bills and spend on silver 😛
    and mt gox did get hacked once… price of bitcoind then fell down dramatically to 1 cent per bitcoin 😛

    anyway awesome video as always 🙂

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