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WHAT IS BITCOIN AND WHY IT HAS VALUE. BEST EXPLANATION EVER.

Digital Asset News 141 views

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Comment from : @DigitalAssetNews

Dude on the left is gay
Comment from : @LibtardLunacy

The process may be sound and ethically built; however, it doesn't change the lack of back up valuebrbrWho is the big brother? Who monitors, audits and responds if something goes wrong!
Comment from : @luisarroyo8111

That's probably why XRP Ripple now many many many many years later with better technology might be better
Comment from : @bertlarsen3202

Banks can use blockchain technology for security You don’t need bitcoin for that
Comment from : @c5vette739

No internet and the bitcoin value becomes zero !
Comment from : @sadguru1969

What I dont understand Now imagine the following: now the internet says, for a solo miner with average hardware it takes months, or even years to mine 1BTC So lets say it takes 2 years to mine 1 BTC, equals 2 BTC in 4 years 1BTC now is around 100K USD 200K can buy a small, at least 10-15 years old house in my country, our build one to 80 With an average salary it takes around 8 years to earn that much money, without paying a dime at anytime So someone turns on the computer, does nothing for 4 years, and pays for my crew to build a small house The two values doesnt seem equal What would happen, if 90 of the population buys some hardware and starts mining and trade crypto The other 10 will have to produce everything? dont understand never found an explanation on my intelligence level :D
Comment from : @vadkani7279

I wanted to make money without doing anything, to get rich without doing anything Can Bitcoin help me? What is the productive activity of Bitcoin? Are the values of things measured directly in Bitcoins?
Comment from : @ALEXANDRERAMIRO

What an awful explanation "Great, all of that makes sense" lmao
Comment from : @AceB1ue

Wow thank you for sharing this very impressive I will absolutely be watching this over and over
Comment from : @markn7156

You are handsome man for real
Comment from : @seacoin3611

7 transactions per second? How is that scalable?
Comment from : @torridtunez976

Sounds like XRP
Comment from : @jxn0010

What happens to bitcoin if one day bitcoin 2 appears with better characteristics ? will the value of bitcoin 1 collapse ?
Comment from : @novarsk77

I understand the blockchain technology and its use, but can’t get a grasp on how the value is set!brbrIf I had $100 and wanted to buy glasses, and the cost of eye glasses is $50brIf there is a discount sale, the cost of the glasses become $40brIf there is inflation, and the cost is $60 I get it that inflation is devaluing my money My original $100 is still $100brMaybe someone can explain to me how my $100 in bitcoin can be valued at $200 next week My $100 doesn’t become $200
Comment from : @racoonracer7878

Still didn't explaine
Comment from : @baabun-ssd

As a person who doesn't understand this technology, this explanation made no sense to me it needs to be explained in alot more detail and explain the security and how to get bitcoin
Comment from : @ssppaannkkyy07

The whole thing depends on having a secure and well-funded public infrastructure guarded by guns
Comment from : @muzzyizzit350

Bitcoin transfer only works if you 100 trust the person your paying so that's why it will not work Because the receipt of a bitcoin transfer doesn't stand in court if the receiver don't meet their ends
Comment from : @SirEatsALot94

Wow, that explained nothing, just filler to that 10 min mark for that ad revenue
Comment from : @therealdestructicus

"best explanation ever" brother i clicked off in the first 30 seconds
Comment from : @liternix

Hey Rob, I was sent here to review by Mining-Automatic, have you dived into this source of investment if so what do you think?
Comment from : @williamdavison

How do governments steal it from you if they don’t like your politics, eg Canada and the protesting truckers?
Comment from : @marilynd3996

Bitcoin absolutely has a middleman: it's the blochain and the miners, that's "the middleman"
Comment from : @rappar9673

Yes, excellent explanation
Comment from : @jalexb915

Makes no sense at all Just someone "created a coin" from nothing, no tangible assets of any value, in cyberspace and gave it a value This didn't explain a thing
Comment from : @garlandstyle5797

Is there an optimal strategy for someone with around $2000, or even less, to begin trading cryptocurrencies today?
Comment from : @alicedeng9103

This does not explain why it has value whatsoever you should change your video description
Comment from : @skiIIed

Ask yourself, why does the price of bitcoin go up? Because more speculators buy in Driving the price higher due to speculation and not because the actual value of bitcoin is increasing Big banks getting into crypto Yeah, that’s legit What’s the worst that could happen? I know, let’s give all those speculators loans to buy more crypto and push the price higher and higher!brThe crypto market has become much like the subprime mortgage market that collapsed And the strange thing is crypto has a big part of its origin story as a response to that very market crash of the big banks Now crypto is doing the same thing all over again Isn’t it ironic? Don’t you think?
Comment from : @AK-ic1yj

Cool , I see why xrp is a better version of Bitcoin 🤫
Comment from : @NS-fy8jp

Are you going swimming after this? Why are you in the pool room?
Comment from : @jeffreykelley8334

That said nothing about how BTC fixes the issues — just that the issues exist
Comment from : @xalian17

What happen if I loose my wallet number?
Comment from : @mmauad

I’m still not sure how all this justifies million dollar bitcoin if it’s just a payment system
Comment from : @martinp21000

fckin dog just disrespected chairman kim
Comment from : @siulapwa

Why dont I understand? How can you get paid for owning crypto? If I have gold, I get fiat currency because you can make things with gold, and humans understand its value Whats the value of crypto, what is that it do that you can get paid fiat currency for owning it? What happens the day all goverments say that they are not paying a cent for crypto? They would have stolen your money, it will be gone, its digital Please educate me, I dont know the value of crypto?
Comment from : @marvingarcia8982

Still too difficult for the mass, also self custody must be simplified tenfold We are still so early
Comment from : @bb-mx8gu

Why do you have to use an exchange to buy bitcoin instead of just going directly to the source Like bitcoin having its own website?
Comment from : @Whitemink32

Ok and why would BTC have value… I expected also something about gas-fees and halving
Comment from : @VeinsDeLAlfaz

Wasn't thr beat explanationseems more of a dumb down version lacking alot of important aspects that the world NEEDS to learn about
Comment from : @MrVuittonDon

He did NOT explain what it is
Comment from : @marcorc5167

Awesome speech good job😅😮😢
Comment from : @lindauzzi2483

love this content but wish you didn't add the cheesy reactions it subtracts from the quality
Comment from : @adamduckworth7359

Crypto is like placing your bet and waiting for the next hand, pull of the lever, or spin of the wheel Comparing it to the internet is odd, I've not heard of someone losing 20, 50 or100 of their investment by accessing the internet I'm with Buffet with investing in Crypto
Comment from : @toddblackburn6302

Might needbrTo sell my PNB stock after this
Comment from : @chetandosco

He didn't explain a dam thing 😅
Comment from : @JOHNN0182

I must be a stupid I still don’t get why any of this makes it money
Comment from : @TheRevoltingMan

All I hear is that there are issues with our current system Left this video still feeling bitcoin has zero value There is no utility to a bitcoin Yes, the technology is intriguing, but if I owned every bitcoin in the world, what am I supposed to do with it?
Comment from : @904Zambo

Great 👍👍
Comment from : @healthcare55586

The video is great to explain the value of Blockchain, but it doesn't explain why Bitcoin specifically has value as the name of the video claims In my experience using Bitcoin is difficult, slow and you pay fees
Comment from : @evertdutoit

Haha that senator look completely lost
Comment from : @thepmanvan111

Sooooo now banks can use block chain technology themselves and bye bye cryptocurrency : )))
Comment from : @eastcoastenergy

Nice video, I’m still trying to wrap my head on this not being a ponzu schemebrbrQuestion: is Bitcoin the checkbook? Or is it the money “value”?brbrHow does Bitcoin’s prominence affect the USD? How can they co-exist? Can they Co-exist without hurting US Hegemony?brbrAny, all help would be appreciative
Comment from : @saulgarcia00

Everybody is concerned about the market going down but refusing to take advantage of it Most of the Crypt0s and blue chip stocks are down at the moment and now is a very good time to invest in them The best decision I ever made in my life was investing in the crypto and stocks market Trust me guys, it really pays a lot! The market is experiencing a fierce correction and now is the best time to stack up on those blue chips
Comment from : @jacobgary1643

blessings brother to you and your familyfrom nz
Comment from : @debwlovelife2455

What happens if Bitcoin mining costs become so high that it becomes no longer profitable to mine?
Comment from : @carsonc4134

Why would I invest in Bitcoin if it’s just used as a form of liquidity, and why would I use it like fiat money if it’s a long term investment?
Comment from : @carsonc4134

Is Bitcoin more of a currency like fiat money or a store of value like gold and why?
Comment from : @carsonc4134

"Whatsdfjieaoaj, my name is Rob" is not the stuff best explanations are made of
Comment from : @sirrom5155

bHey I'm a beginner and I understand the market crash is the perfect time to make money, but how are some investors able to double there profit within a short period of time, a particular investor made up to $350,000 from trading about $100,000 within a couple of months, do they stand a better chance than others?/b
Comment from : @jacobgary1643

Why do we keep on saying that bitcoin eliminated the middle man since that is not true? How about we find a more nuanced way of explaining that bitcoin still uses middle men but not in the same way?
Comment from : @jonathanlivingston7358

LOVE CRYPTO CURRENCIES
Comment from : @jeronimotamayolopera4834

Steel is real and allows for creating skyscrapers Crearing Bitcoin uses the same amount of energy but it is ficticious and doesnt do shit
Comment from : @nadamasdisponible

internet, as amazing as it is, gave as tiktok - intellectual cancer of humanitybrscary to think what bitcoin, as amazing as it is, will give us?bri hope it's not cbdcs fuck, i hope it's not cbdcs!
Comment from : @michalbotor

07:07 "Mr CRAPO"?
Comment from : @oneminutefixed5003

Fantastic video my friend! Just liked and subscribed! If you would ever like to come on the show for an interview please reach out! 😁⚡️
Comment from : @RyanMatta

ALGO too
Comment from : @MatrixMav

What a load of crap
Comment from : @mohamedgoldstein5565

This is one of the best explanations of crypto on the entire internet
Comment from : @investorbettor505

what most people don't know is that BTC is gov ran NSA research and backing, "No Developer", has never been named a security, and has never been challenged sounds familiar? Besides that, what's the difference between BTC and any other token? Nothing value goes in, value goes out Money Maxie's to the fullest
Comment from : @mkk4931

Agreed Rob! This was a home runI'll likely listen to this several times Helped that guy was an excellent speaker
Comment from : @johns1705

ethereum does the same and better and many other cryptos too what really has value is blockchain technology bitcoin is worthless, a new coin can be created in a matter of days
Comment from : @nelsonvillam

for some reason I saw Rob on DAN, talking about Crypto taxes great!brSo Rob had an add on his video/vlog for crypto for crypto taxes/by-the-numbers, US Tax reporting for crypto gains/lossesbrbr- they do work just funny add, because the add from Rob is on Rob's "DAN" video
Comment from : @drx1xym154

Rob how’s Celsius?
Comment from : @BIGGOODBOY

Young dude explaining to dinosaurs how there system is the biggest ponzi system
Comment from : @gapglobe

"A tool for sending value without middleman" Basically, he described what Bitcoin is to a bunch of "middleman"
Comment from : @kurteeanoh

Still sounds like bullsh!t
Comment from : @tirod4693

Damn, I invested a good chunk of money in Bitcoin thinking it was pump and dump scheme if this thing is legit I might hold it for the long run
Comment from : @TamactiJoon