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Title: New Scientist - How Bitcoin Works Post by: kwukduck on January 29, 2015, 09:15:19 PM Found this earlier :)
https://www.youtube.com/watch?v=5LMS0PIzGh8 http://www.newscientist.com/article/mg22530060.300&utm_campaign=youtubebitcoin Title: Re: New Scientist - How Bitcoin Works Post by: Divinespark on January 30, 2015, 07:15:11 AM Very nice indeed :D
Title: Re: New Scientist - How Bitcoin Works Post by: turvarya on January 30, 2015, 07:42:19 AM Not bad.
It forget the point about miners getting the transaction fees(which could lead to people asking why would miners keep mining, when the block reward goes down), but I guess you have to make compromisses, to be informativ, but not to complex. Title: Re: New Scientist - How Bitcoin Works Post by: maurya78 on January 30, 2015, 04:37:13 PM Pretty decent summary of how mining works, and proof of work, if a touch simplistic
All in all, pretty good Title: Re: New Scientist - How Bitcoin Works Post by: acquafredda on January 30, 2015, 04:41:06 PM I don't want to subscribe therefore I can't read what it says.
8) Title: Re: New Scientist - How Bitcoin Works Post by: Lethn on January 30, 2015, 04:52:57 PM Not bad. It forget the point about miners getting the transaction fees(which could lead to people asking why would miners keep mining, when the block reward goes down), but I guess you have to make compromisses, to be informativ, but not to complex. It does mention fees, explains everything quite well actually. Title: Re: New Scientist - How Bitcoin Works Post by: ChuckBuck on January 30, 2015, 05:13:32 PM Very good Bitcoin video on how it all works in layman's terms and easy to understand graphics.
Something like this should be on https://bitcoin.org/en/. Their video is already dated. Title: Re: New Scientist - How Bitcoin Works Post by: Klestin on January 30, 2015, 05:29:18 PM Not bad. It forget the point about miners getting the transaction fees(which could lead to people asking why would miners keep mining, when the block reward goes down), but I guess you have to make compromisses, to be informativ, but not to complex. It does mention fees, explains everything quite well actually. The Youtube video in the original post does not mention fees at all. Title: Re: New Scientist - How Bitcoin Works Post by: Lethn on January 30, 2015, 05:33:12 PM I don't understand why you'd think that, the segment was very short and they didn't really need to explain anything more than they already did.
"Transaction fees are voluntary and are very low" Title: Re: New Scientist - How Bitcoin Works Post by: Klestin on January 30, 2015, 05:55:50 PM This statement is absolutely true:
It forget the point about miners getting the transaction fees(which could lead to people asking why would miners keep mining, when the block reward goes down) |