Bitcoin Q&A: What is Mining?

[HOST 1] There has been a lot of talk about bitcoin mining as a way to get rich. [ANDREAS] Bitcoin mining is probably the worst way to try to get…

Bitcoin Q&A: Solar Energy & Mining in Space

[QUESTIONER]: Suppose the solar technology advances very well… [ANDREAS]: Yes. [QUESTIONER]: It will capture a lot of [solar energy] with very high efficiency. So marginal costs will become zero. Then…

Bitcoin Q&A: What is Mining?

[HOST 1] There has been a lot of talk about bitcoin mining as a way to get rich. [ANDREAS] Bitcoin mining is probably the worst way to try to get…

Bitcoin Q&A: What are PayNyms?

"How do BIP-47 reusable payment codes work?" Now we go to the other end of the technical questions. This is not an easy one to explain. BIP-47 reusable payment codes…

Breaking Up with Your Bitcoin Wallet: How Do You Move From One Cryptocurrency Wallet to Another?

In this segment of Down the Rabbit Hole, I want to talk about a particular problem that occurs fairly often with new users who are trying to either recover or…

Bitcoin Q&A: How does the Blockstream Satellite Work?

"How do Blockstream's Bitcoin satellites work? What are their potential use cases?" "Blockstream runs five satellites orbiting the Earth, sending blockchain data to almost any spot on our planet's surface."…

Non-Technical: Lightning Network Explained

what is the Lightning Network and how does it work for non-technical people let's see if I can answer this question as well as I can alright so first of…

Bitcoin Q&A: How does the Blockstream Satellite Work?

"How do Blockstream's Bitcoin satellites work? What are their potential use cases?" "Blockstream runs five satellites orbiting the Earth, sending blockchain data to almost any spot on our planet's surface."…

Bitcoin Q&A: How Do Mnemonic Seeds Work?

Fabiano asks, "How do mnemonic seed words work? It looks like magic to me." I believe it was Arthur C. Clarke who said, "Any sufficiently advanced technology is indistinguishable from…

Bitcoin explained in 2 minutes – What is bitcoin? How bitcoin works?

Bitcoin is a cryptocurrency, first of its kind. It is a decentralized digital currency without a central bank or single administrator that can be sent from user to user on…