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Discovering Satoshi: Dr. Adam Back
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LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW
“Hashcash a Denial of Service Counter-Measure” by Adam Back: http://www.hashcash.org/papers/hashcash.pdf
5-Part Interview with Trace Mayer: https://www.weusecoins.com/adam-back-cypherpunks/
Join the Cypherpunks Email list: http://www.cypherspace.org/adam/cp.html
As we continue our journey of learning about the individuals who were influential in the time leading up to the creation of Bitcoin, we have now come to learn about Dr. Adam Back. He is another one of those cypherpunks who developed systems that are now being used in the Bitcoin network. He was mentioned in the Bitcoin white paper and also the Tor white paper for the work he did on a similar, prior network called Freedom Network.
Dr. Back contributed a big one for Bitcoin, hashcash. If that name doesn’t ring a bell, I bet proof-of-work does, in fact, Satoshi Nakamoto gave him credit for his contributions in the Bitcoin white paper.
Dr. Back developed hashcash back in 1997, about 11 years before bitcoin. It was initially used to prevent email spam. The hashcash system for email use would create stamps that would be attached to emails and establish a micropayment type of system which would help to deter spam.
I will be going into greater detail about hashcash, defining what a hash is and how proof-of-work actually works in my next video so if that’s something you’ve been curious to learn more about be sure to hit subscribe and click on that bell thing to get notified when that video comes out in the next couple days.
In the meantime, there is a really interesting 5-part interview series that Trace Mayer hosted with Dr. Back I’ll include links down below so you can check them out for yourself, but in it he describes his time spent in college and how it was around the time that PGP, or “Pretty Good Privacy” had been released by Phil Zimmerman. This is was when the cypherpunks really started to kick things into gear. The realization that
...
https://www.youtube.com/watch?v=4ipbPnT4Hxw
Want to join coinbase to begin your crypto journey? Here’s a link to get free $10: https://www.coinbase.com/join/558828dc34383271a500003b
Step up your game and Check Out Binance too: https://www.binance.com/?ref=10080191
Join the Robinhood app and invite your friends to Robinhood and win free stock. Here's my invite: http://share.robinhood.com/heidic1
Find me on Steemit: www.steemit.com/@heiditravels
Twitter: @blockchainchick
Instagram: @hheidiann
If you’re looking for an app that tracks the price of BTC & ETH and many other coins, check out the CoinView App: https://play.google.com/store/apps/details?id=br.com.freeflowt.coinview
LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW
“Hashcash a Denial of Service Counter-Measure” by Adam Back: http://www.hashcash.org/papers/hashcash.pdf
5-Part Interview with Trace Mayer: https://www.weusecoins.com/adam-back-cypherpunks/
Join the Cypherpunks Email list: http://www.cypherspace.org/adam/cp.html
As we continue our journey of learning about the individuals who were influential in the time leading up to the creation of Bitcoin, we have now come to learn about Dr. Adam Back. He is another one of those cypherpunks who developed systems that are now being used in the Bitcoin network. He was mentioned in the Bitcoin white paper and also the Tor white paper for the work he did on a similar, prior network called Freedom Network.
Dr. Back contributed a big one for Bitcoin, hashcash. If that name doesn’t ring a bell, I bet proof-of-work does, in fact, Satoshi Nakamoto gave him credit for his contributions in the Bitcoin white paper.
Dr. Back developed hashcash back in 1997, about 11 years before bitcoin. It was initially used to prevent email spam. The hashcash system for email use would create stamps that would be attached to emails and establish a micropayment type of system which would help to deter spam.
I will be going into greater detail about hashcash, defining what a hash is and how proof-of-work actually works in my next video so if that’s something you’ve been curious to learn more about be sure to hit subscribe and click on that bell thing to get notified when that video comes out in the next couple days.
In the meantime, there is a really interesting 5-part interview series that Trace Mayer hosted with Dr. Back I’ll include links down below so you can check them out for yourself, but in it he describes his time spent in college and how it was around the time that PGP, or “Pretty Good Privacy” had been released by Phil Zimmerman. This is was when the cypherpunks really started to kick things into gear. The realization that
...
https://www.youtube.com/watch?v=4ipbPnT4Hxw
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0:00 Who is behind the Great Reset
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- When did Crypto Start?: youtu.be/rd5gv6X70ew
- Why Bitcoin?: youtu.be/GVwWwWUj3NU
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- If Your Hardware Wallet is Lost or Stolen: youtu.be/KTIDY7kYSIQ
- Complete Guide to Ledger Nano X: youtu.be/PC60Ju_iMQE
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Music: https://www.bensound.com
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- When did Crypto Start?: youtu.be/rd5gv6X70ew
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- If Your Hardware Wallet is Lost or Stolen: youtu.be/KTIDY7kYSIQ
- Complete Guide to Ledger Nano X: youtu.be/PC60Ju_iMQE
- Proper Introduction to Crypto Exchanges: youtube.com/watch?v=91f-QNSmzrA
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Music: https://www.bensound.com
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- If Your Hardware Wallet is Lost or Stolen: youtu.be/KTIDY7kYSIQ
- Complete Guide to Ledger Nano X: youtu.be/PC60Ju_iMQE
- Proper Introduction to Crypto Exchanges: youtube.com/watch?v=91f-QNSmzrA
- 3 Things You Should Never Do on a Crypto Exchange: youtu.be/pgZP-voLGpE
- 5 Things Crypto Exchanges Don't Want You to Know: youtu.be/_VcdEovm8u8
- My Recommendations for Centralized Exchanges: youtu.be/kCYj2tdYufE
- My Recommendations for Decentralized Exchanges (DEX): youtu.be/AMsp3knAfBs
- Calling Out Fake DEXs: youtu.be/h_cZyGqjKrs
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Binance, an exchange that has gained a lot of popularity over the past several months is now expanding. They are releasing their own blockchain called Binance chain, along with a decentralized exchange called Binance DEX. Today I want to take a look at this new blockchain and DEX and what is being said about it.
There has been a lot of hype surrounding Binance recently, specifically regarding their new decentralized exchange. I will be creating a tutorial on how to use this DEX in my next video that will also cover more details on that DEX as well so if that’s something you’d like to know more about, be sure to hit subscribe and click on the bell icon to receive notifications when I post new videos.
Here are some stats on this new Binance Chain:
* The blockchain is public
* Consensus model is DPOS, so think Bitshares, Steem, EOS
* 11 validator nodes which will be chosen among Binance’s “close partners”
* One confirmation required for a transaction to be final
CZ has said many times that he doesn’t necessarily believe more decentralization means more security. In fact, he tends to favor centralized solutions instead. Additionally, he (much like other figure heads of “decentralized exchanges”) is quick to say that a perfectly decentralized exchange is a myth at this point. I would be remiss if I didn’t interject here that the very installment of a position like a CEO for an exchange claiming to be decentralized is a bit oxymoronic. I’m going to keep this video on the Binance blockchain today and I’ll be going over the DEX in more detail in my tutorial video that is yet to come.
So with that being said, the Binance blockchain is a public chain, meaning anyone can take part in it by transacting in the soon-to-be native coin, BNB. And I believe you are also free to help secure the network by running a node. However with it being a Delegated Proof of Stake system, only the eleven elected validator nodes will receive pa
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- When did Crypto Start?: youtu.be/rd5gv6X70ew
- Why Bitcoin?: youtu.be/GVwWwWUj3NU
- 3 Mistakes to Avoid When Storing Cryptos: https://www.youtube.com/watch?v=rhhu3Uh8iHE
- If Your Hardware Wallet is Lost or Stolen: youtu.be/KTIDY7kYSIQ
- Complete Guide to Ledger Nano X: youtu.be/PC60Ju_iMQE
- Proper Introduction to Crypto Exchanges: youtube.com/watch?v=91f-QNSmzrA
- 3 Things You Should Never Do on a Crypto Exchange: youtu.be/pgZP-voLGpE
- 5 Things Crypto Exchanges Don't Want You to Know: youtu.be/_VcdEovm8u8
- My Recommendations for Centralized Exchanges: youtu.be/kCYj2tdYufE
- My Recommendations for Decentralized Exchanges (DEX): youtu.be/AMsp3knAfBs
- Calling Out Fake DEXs: youtu.be/h_cZyGqjKrs
- Why is DeFi the Hottest Topic in Crypto?: youtu.be/mqdD_2rX4-0
- Without This, Crypto Won't Survive: youtu.be/Jg-zk_Nhpq0
- How To Use the Most Popular Privacy Coins: youtu.be/WLckSKzFp
...
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For those of you who are just peering down into the rabbit hole that is crypto currency. You may have noticed the phrase ICO. It stands for initial coin offering, and it’s similar to the initial price offerings of small companies who want capital in order to expand.
ICOs are put in place by crypto startups that are ready to receive funding so they can continue developing their ideas.
Initial coin offerings can seem very promising to new investors, the thought of getting in on the bottom level of a start up and having a pocket full of new coins teeming with potential would be enough to get anyone excited right?
Eh, speak to a few seasoned investors and you’ll soon realize that many of these ICOs are either out right scams or altogether bad ideas run by an inexperienced team. I mean let’s face it, this whole crypto thing is still less than 10 years old, no one has *that* much experience, let’s be honest, they’re probably all still experimenting at this point.
That being said, it’s still possible to find the needle of success in that haystack of risk. And once you’ve found it, boy won’t you be happy
My first and so far only experience with investing in an ICO was when I decided to go for it and invest some of my beloved crypto into this thing called the Dao. I remember the rising excitement as the total amount raised kept increasing by the millions and the potential, oh all of that potential. It was a great idea, the dao, but they had bit off more than they could chew in my opinion. you know, that whole, hindsight being 20/20 thing.
Here are some basic questions you should consider if you’re deciding to invest in an ICO:
Why does an investor desire acquiring and holding your token?
What incentive is there for transacting with this token?
How and where will it be traded?
Additionally, I strongly suggest doing a lot of research on the team behind the project, if they were previously involved with scams or misleading investors, consider your
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Video Suggestions for Beginners to Crypto:
- When did Crypto Start?: youtu.be/rd5gv6X70ew
- Why Bitcoin?: youtu.be/GVwWwWUj3NU
- 3 Mistakes to Avoid When Storing Cryptos: https://www.youtube.com/watch?v=rhhu3Uh8iHE
- If Your Hardware Wallet is Lost or Stolen: youtu.be/KTIDY7kYSIQ
- Complete Guide to Ledger Nano X: youtu.be/PC60Ju_iMQE
- Proper Introduction to Crypto Exchanges: youtube.com/watch?v=91f-QNSmzrA
- 3 Things You Should Never Do on a Crypto Exchange: youtu.be/pgZP-voLGpE
- 5 Things Crypto Exchanges Don't Want You to Know: youtu.be/_VcdEovm8u8
- My Recommendations for Centralized Exchanges: youtu.be/kCYj2tdYufE
- My Recommendations for Decentralized Exchanges (DEX): youtu.be/AMsp3knAfBs
- Calling Out Fake DEXs: youtu.be/h_cZyGqjKrs
- Why is DeFi the Hottest Topic in Crypto?: youtu.be/mqdD_2rX4-0
- Without This, Crypto Won't Survive: youtu.be/Jg-zk_Nhpq0
- How To Use the Most Popular Privacy Coins: youtu.be/WLckSKzFpE8
...
https://www.youtube.com/watch?v=kpZuUhq-zHw
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Video Suggestions for Beginners to Crypto:
- When did Crypto Start?: youtu.be/rd5gv6X70ew
- Why Bitcoin?: youtu.be/GVwWwWUj3NU
- 3 Mistakes to Avoid When Storing Cryptos: https://www.youtube.com/watch?v=rhhu3Uh8iHE
- If Your Hardware Wallet is Lost or Stolen: youtu.be/KTIDY7kYSIQ
- Complete Guide to Ledger Nano X: youtu.be/PC60Ju_iMQE
- Proper Introduction to Crypto Exchanges: youtube.com/watch?v=91f-QNSmzrA
- 3 Things You Should Never Do on a Crypto Exchange: youtu.be/pgZP-voLGpE
- 5 Things Crypto Exchanges Don't Want You to Know: youtu.be/_VcdEovm8u8
- My Recommendations for Centralized Exchanges: youtu.be/kCYj2tdYufE
- My Recommendations for Decentralized Exchanges (DEX): youtu.be/AMsp3knAfBs
- Calling Out Fake DEXs: youtu.be/h_cZyGqjKrs
- Why is DeFi the Hottest Topic in Crypto?: youtu.be/mqdD_2rX4-0
- Without This, Crypto Won't Survive: youtu.be/Jg-zk_Nhpq0
- How To Use the Most Popular Privacy Coins: youtu.be/WLckSKzFpE8
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https://www.youtube.com/watch?v=wt3vzTlRo0M
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Created
2 weeks ago
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video/mp4
English