Why Blockchain Matters More Than You Think!

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  • čas přidán 9. 07. 2024
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    The Blockchain and it's potential simply explained.
    Hi, welcome to ColdFusion (formerly known as ColdfusTion).
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    Dr. Adrian McCullagh Ph D. (IT Sec), LL.B., GAICD.
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    www.economist.com/news/briefi...
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    Previous video on Blockchain basics and other extra learning: • But how does bitcoin a...
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  • Věda a technologie

Komentáře • 2,4K

  • @78g476
    @78g476 Před 4 lety +613

    We should use blockchain in govt. to know how our taxes are being spent.

    • @FlagWaverFlagBearer
      @FlagWaverFlagBearer Před 4 lety +35

      The hopeful long-term plan for many blockchain companies are things like this

    • @Parcian-
      @Parcian- Před 4 lety +63

      We should use blockchain to end govt.

    • @kalilg2242
      @kalilg2242 Před 4 lety +8

      @@Parcian- Amen

    • @quaveglass
      @quaveglass Před 4 lety +5

      Fuckin A. I was gonna comment this. Right when I was explained what blockchain was, I thought immediately about taxes.

    • @Feracitus
      @Feracitus Před 4 lety +4

      @@quaveglass taxation is theft, so blockchain should be used to avoid them =)

  • @BrownCreature
    @BrownCreature Před 6 lety +333

    The internet allowed us to talk to each other, now the blockchain allows us to agree on what each of us said

  • @curiousSloth92
    @curiousSloth92 Před 5 lety +483

    "You don't want to send someone 5000$ and still have 5000$"
    I don't quite agree with this...

    • @omit4727
      @omit4727 Před 5 lety +23

      You dont want that because it would cause inflation

    • @bydeuce
      @bydeuce Před 5 lety +62

      @@omit4727 You missed the joke

    • @jen_nice2059
      @jen_nice2059 Před 5 lety +1

      You’re an asshole

    • @at9048
      @at9048 Před 5 lety +3

      @@omit4727 correct he's referring to inflation for fiat currency and copying for sensitive documents etc...

    • @HolgerKPedersen
      @HolgerKPedersen Před 5 lety +15

      If everyone did send some money to someone else without any costs involved; the whole idea of money would be meaningless.

  • @marcbennett9050
    @marcbennett9050 Před 6 lety +393

    I cringe at those "oracles" you mentioned who will be granted special access to make changes to the blockchain. This will just open the door to corruption and someone paying them off for personal gain. Leave humans out of this system completely!

    • @cathompson58
      @cathompson58 Před 5 lety +26

      Agree .. the “oracles” make me suspicious

    • @Mike-yk2eb
      @Mike-yk2eb Před 5 lety +19

      @Charles Thompson @dindinho22 @coldfusion
      I hate to disagree with a PhD but this technology is new so there is a lot of wires that can get crossed. But oracles are essentially reference points for the blockchain. A really cool way to use them is through smart contracts. They DON'T make changes to the blockchain. Please check out this article from Æternity that explains oracles. blog.aeternity.com/blockchain-oracles-657f134ffbc0

    • @cathompson58
      @cathompson58 Před 5 lety +13

      WiW LaRue LoL that is not how bitcoin works and you could pay them or torture them and they couldn’t break it at a single location .. it would take all locations at once, each with a cryptographic code that has 2^256 bit encryption (impossible to crack even one with current technology, much less thousands of systems with different codes at once) ..

    • @RayRand
      @RayRand Před 5 lety +1

      My thoughts exactly! This will betray the "trust built into the system" that he bragged about.

    • @happyinc8231
      @happyinc8231 Před 5 lety +6

      Look into ChainLink: decentralized oracles, the most important project in the space.

  • @SA3D.505
    @SA3D.505 Před 6 lety +8

    I always love the way that this channel keeps me informed and updated of the major technological developments.
    Much respect

  • @Herblore7
    @Herblore7 Před 6 lety +68

    In response to 0:44 "The technology invented to power this new system, was called "blockchain" and Nakamoto's paper was its grand unveiling."
    The real innovation by Satoshi Nakamoto is not the blockchain, or the underlying cryptography functions, or the hash-based proof of work algorithm to incentivize nodes (miners) to join the network to validate transactions. All of these had been described in papers by past researchers.
    The real innovation lies in combining all of this research together and writing the initial open source code to create the world’s first currency and banking system that cuts out the middle men and government power over people.

    • @3070cartouch
      @3070cartouch Před 4 lety +1

      @herblore7 In my opinion, the real invention is the consensus mechanism! All the rest we had before.

    • @collinsdaniel4870
      @collinsdaniel4870 Před 3 lety

      Forex and crpto stock trading is a good market to raise your finance at a steady growth, you need a proper understanding and a good strategy to become successful.___expert melissa__has introduced me to a great strategy to make profit and I made $125,000 last week. For more information you can email her on.expertmelissa8@gmail.com
      Her WhatsApp number 👉 +1 (503) 854 1768

  • @sticky_bryce
    @sticky_bryce Před 6 lety +1

    Great great great video! You are becoming my favorite tech news sources. I also really appreciate the proper sourcing, it gives you a lot more credibility.

  • @samdurden7683
    @samdurden7683 Před 6 lety +14

    Mate! This is one of the best Blockchain videos I ever seen! A nice mix of amazing valuable content, candy beats and Boss interview with the lawyer!
    Congratulations! And please keep going with this kind of style!
    Cheers!

  • @wadebradley7388
    @wadebradley7388 Před 6 lety +6

    I am and have for years been a YOu TUBE addict~! I LOVE shows on YT> But your show my friend, I literally cannot wait for ANY new video from you. You do the best investigative work of ANYONE else on YT! I wished someone would give you a show, ONLY so you could get filthy rich like you deserve man! You are AWESOME!! PLEASE dont EVER stop making videos! You ROCK brother!! Hello from the states. Georgia to be exact!!

  • @Mikesco3
    @Mikesco3 Před 6 lety +3

    I've been looking for good videos to try to explain this fascinating subject to non tech-heads. This one is definitely going into my playlist. Also amazing ability to present this in a concise yet entertaining way

  • @tomikk86
    @tomikk86 Před 6 lety

    love your videos mate! great information! also big up for putting "Schmoov! - Playground" there!

  • @jaman585
    @jaman585 Před 6 lety +2

    The music and Visuals in your videos are amazing !

  • @WrvrUgoThrUR
    @WrvrUgoThrUR Před 5 lety +5

    THE MOST comprehensive video I've seen YET on Blockchain and cryptocurrency.

  • @ronburgandy1475
    @ronburgandy1475 Před 5 lety +43

    *NEVER FORGET* of its *NOT DECENTRALIZED* it's useless and a probability that it's fraudulent or at least totally open to it.. This is extremely important to remember

    • @MichaelWaisJr
      @MichaelWaisJr Před 4 lety +1

      Ron Burgandy Scotchy scotchy scotch!

    • @ronburgandy1475
      @ronburgandy1475 Před 4 lety +1

      @@MichaelWaisJr Baxter get my slippers! 🐾🐾🐾🐶

    • @orvvro
      @orvvro Před 4 lety

      But are these altcoins like Ethereum decentralized?

    • @ronburgandy1475
      @ronburgandy1475 Před 4 lety

      @@orvvro Eth is Decentralized absolutely. Not as much as BTC but it's probably the 2nd or 3rd most Decentralized out there so it would be extremely hard to corrupt unless it's a CENTRALISED blockchain built on-top of eth.
      For example many ERC-20 tokens are no longer on-top of Etherium because it let's them centralise and do whatever they like without having to get a group (the users) to agree to any changes.

  • @joeystreur9860
    @joeystreur9860 Před 6 lety +1

    woow, just found this channel, its so informative, straight forward, explained on an easy to grasp level.
    thankst for putting in the time man was a lovely watch! u got yourself a new subscriber =]

  • @sujoy081
    @sujoy081 Před 6 lety +2

    Thanks for working on this topic and sharing it in such an easy way, this was really informative.

  • @h1017412
    @h1017412 Před 6 lety +7

    This channel use the new version of the "Beyond 2000" series I used to watch in the 80s.
    Thanks for the great content.

    • @danonbrez3827
      @danonbrez3827 Před 4 lety +1

      Use to love that show with the New Zealand accents.

  • @logicalspirit5358
    @logicalspirit5358 Před 5 lety +27

    Bring on the Blockchain. Hold the "Oracles". We need transparency.

    • @g.l.holdren162
      @g.l.holdren162 Před 4 lety +4

      I can't find any source for oracles as something that can "make edits on the blockchain," which is, so far as I know, impossible and the whole point of a blockchain. They seem to be just ways of getting information to the smart-contracts.

    • @s.cookie1136
      @s.cookie1136 Před 4 lety

      Black Girl Magic
      u r beautiful af ♡

  • @brodiejr4real
    @brodiejr4real Před 5 lety

    Man! Your content is amazing! I can't stop watching your videos! I'm learning a great deal.

  • @hamitokia
    @hamitokia Před 6 lety

    Awesome video! Thank you for the great educating content!

  • @jimmysass
    @jimmysass Před rokem +6

    this video didnt age too well - let's see the AI series in 5 years.

  • @ElZamo92
    @ElZamo92 Před 6 lety +13

    You just blew my mind...

  • @forfreedomssake4315
    @forfreedomssake4315 Před 4 lety

    Amazing, as usual. Thank you :)

  • @ilivedowntheroad
    @ilivedowntheroad Před 6 lety

    That introduction is so awesome and mesmerizing, well done!!

  • @d_wang9836
    @d_wang9836 Před 6 lety +8

    I have never heard of Blockchain, but i'm gonna watch because ColdFusion

    • @joshuanishimura1131
      @joshuanishimura1131 Před 6 lety

      I hope this video compels you to learn more about the future of the internet, and the world!

  • @FaustoCaldini
    @FaustoCaldini Před 6 lety +182

    oracles, shared system... Someone remembers Matrix?

    • @MichaelWaisJr
      @MichaelWaisJr Před 4 lety +3

      Fausto Caldini There is no spoon....

    • @MichaelWaisJr
      @MichaelWaisJr Před 4 lety +2

      Fausto Caldini There is only the SPORK!!

    • @MichaelWaisJr
      @MichaelWaisJr Před 4 lety +2

      Fausto Caldini Mr. Andeeeerrrssoooonn...

    • @MichaelWaisJr
      @MichaelWaisJr Před 4 lety +1

      Fausto Caldini SPOOOOON!!!

    • @cornellete
      @cornellete Před 4 lety +1

      There's no spoon.... just a nucleus and electrons. That one atom has us convinced there's trillions upon trillions additional atoms everywhere around us making reality, but in the end, it was always just that one atom being sneaky. Entanglements and super positions.. they say. My butt!

  • @porculetz
    @porculetz Před 6 lety

    Awesome vid, as always. :)

  • @Parallax5x5
    @Parallax5x5 Před 6 lety

    Well done. Another excellent video and a pleasure to watch. Cheers mate.

  • @EthanDavis.w
    @EthanDavis.w Před 6 lety +8

    Didn't even watch it and already hit that like button, can't go wrong with coldfusion

    • @noah.a.bachman
      @noah.a.bachman Před 6 lety +1

      Ethan Davis lol, ya your right coldfusion Always makes Awesome videos

  • @BassKlef1
    @BassKlef1 Před 5 lety +14

    I do agree with the hesitance of people because of privacy, particularly when blockchain is used in healthcare.

  • @Thechatwithchad
    @Thechatwithchad Před 5 lety

    I love rewatching your videos

  • @JohnSmith-sj9dk
    @JohnSmith-sj9dk Před 6 lety

    fantastic video, great content from cold fusion

  • @christopherhumphrey
    @christopherhumphrey Před 6 lety +45

    Jamie Dimon from JP Morgan Chase knows the end is coming for the banking industry. There will be hell to pay..

    • @jsmeswagner6104
      @jsmeswagner6104 Před 5 lety +4

      Yup they will instituted deflation and take all money..they will crash all markets and destroy the real estate market..

    • @albirtarsha5370
      @albirtarsha5370 Před 4 lety +2

      Why won't people continue to put money into a bank account for guaranteed interest while the bank loans it out for a higher rate?

    • @samlsd9711
      @samlsd9711 Před 4 lety

      I want to live to the time that US dollars created by JPM is worthless and each country creates it's own economical power in exchanging goods with America and leave America devastated.
      It will take time but it will happen.

    • @samlsd9711
      @samlsd9711 Před 4 lety

      @@albirtarsha5370 Loans don't happen like that. You are fooled.

    • @albirtarsha5370
      @albirtarsha5370 Před 4 lety

      @@samlsd9711 If loans don't happen like that then why do banks offer CDs?

  • @imtiazuddin6257
    @imtiazuddin6257 Před 6 lety +3

    Watching this video. I realized two things:
    1. The future is beautiful.
    2. I won't stay alive long enough to live in that beautiful future.

  • @johnsonganagoni8161
    @johnsonganagoni8161 Před 6 lety

    As like everytime, thanks for an another great video!

  • @mohdwagdi
    @mohdwagdi Před 6 lety +1

    Simply .... thank you for the best video on blockchain tech. On CZcams

  • @paxwallacejazz
    @paxwallacejazz Před 6 lety +5

    What if breakthroughs in the synthesis of nanotechnology and bioengineering and 3d printing etc. were to create the possibility of humanity finally being able to move beyond scarcity. In that scenario blockchain would just be another stopgap. Money and wealth and power based on those things would be revealed to be a 10,000 year old relic based on fear of famine. Part of a no longer relevant paradigm. We would need to create a philosophical infrastructure based on abundance instead. We would stand in the threshold of the real beginning of civilization ie The Star Trek paradigm.

    • @autohmae
      @autohmae Před 6 lety

      Some do predict something along those lines. Automation, cheaper power production (look up the price of solar over time - looks like Moore's law), etc. can create a world of abundance in some sense. But currently we are still not very efficient consumers. Literally products are not made to last aka planned obsolescence.

  • @umaari123
    @umaari123 Před 4 lety +3

    Man! You're the best. BTW my first comment in CZcams ever, even though been using this for 7 years.

  • @cvanzyl73
    @cvanzyl73 Před 6 lety

    Awesome video! Many many thanks!

  • @hiteshbhati1952
    @hiteshbhati1952 Před 6 lety

    your video always has awesome content.

  • @frequentlycynical642
    @frequentlycynical642 Před 4 lety +8

    As I start to get ready to buy into BC, this video has been very helpful!
    But it left a lot out about things already starting to be implemented that have nothing to do with the internet. I read not long ago that Wart-Mart is moving to blockchaining all their suppliers. Cheap RFID's make this doable. So, if the CDC says we have a salmonella outbreak, the blockchain will enable WM and the CDC to perhaps identify the one farm where the bad spinach came from. Immediately.
    I'm an old guy, I built vacuum tube radios as a teenager. I mostly like technology. But in my lifetime, most things have been evolutionary. Blockchain has the potential to change the world as much as the printing press and the internet have.

    • @arnebargholz2095
      @arnebargholz2095 Před 4 lety

      Is it decentralized? if not, it has not much to do with the technology in the video.(but is probably the better application of the blockchain philosophy.)
      Also I would really wait with investing into BC.

  • @revm4942
    @revm4942 Před 4 lety +3

    That 1975 outro, though.. good job again dagogo!

  • @SwamiShailendraSaraswati

    Great video. This channel is great!

  • @Melody-Joy
    @Melody-Joy Před 4 lety +1

    This is an awesome documentary. Very detailed with lots of very relevant information. Thank you for putting this together.

  • @jaybhavsar5929
    @jaybhavsar5929 Před 6 lety +5

    Damn.. Michael is here! 3:57

  • @SgtWiking
    @SgtWiking Před 6 lety +46

    This whole blockchain technology and "Oracles" that can edit it and smart autonomous contracts, its like listening to the MGS2 plot, heh.

    • @reiko57
      @reiko57 Před 6 lety +2

      nah, that made way more sense.

    • @carverefrain2766
      @carverefrain2766 Před 6 lety

      Hello, !
      I have an interesting offer which can interest you, write me PM if you are interested please

  • @akeemaman3484
    @akeemaman3484 Před 6 lety

    Great video liked and shared!!

  • @maximus-prime7248
    @maximus-prime7248 Před 6 lety

    great video...... provided much needed context ...... thank you

  • @patrik5123
    @patrik5123 Před 6 lety +4

    The idea of Oracles, is scary. Everyone knows that world leaders will demand either direct access to it, or they will find out whom are Oracles and force them to make changes.

    • @travz21
      @travz21 Před 6 lety

      You should never use a crypto that uses oracles. Any developers that think of using it are crazy.

  • @georgemitchel23
    @georgemitchel23 Před 6 lety +25

    Yeah it looks VERY nice and convenient but... privacy is a real issue here :/

    • @buyeth2047
      @buyeth2047 Před 6 lety +3

      georgemitchel23 Monero. And Ethereum will have it soon.

    • @jackbarrett3599
      @jackbarrett3599 Před 6 lety +1

      georgemitchel23 Privacy is actually not an issue at all.

    • @dustmote3550
      @dustmote3550 Před 6 lety +3

      wouldn't I be able to stalk people using the public leger?

    • @dustmote3550
      @dustmote3550 Před 6 lety +3

      to see what transactions they made

    • @davidpaolochua7877
      @davidpaolochua7877 Před 6 lety +10

      Each record is public but doesn't mean it's not private. Your "user id" or whatever identified you are still unknown to almost everyone because it's encrypted to the ledger. You can see it but instead of like mark as the user it'll be something like 24chaeldosxntlwlado2esf45f so unless you can find the algorithm to decode it, it'll be hard to figure it out

  • @nicodangond5822
    @nicodangond5822 Před 6 lety

    Great video!

  • @subac7885
    @subac7885 Před 6 lety

    Very nice video!

  • @slowmotionjoe6263
    @slowmotionjoe6263 Před 6 lety +24

    Blockchain was created around 1988. Look at the economist magazine cover jan 1988 and read that article.

    • @missionpupa
      @missionpupa Před 4 lety +5

      Blockchain is just a name mate. Peer to peer Decentralised blockchain is what we’re talking about

    • @slowmotionjoe6263
      @slowmotionjoe6263 Před 4 lety +1

      @@missionpupa thats a good point

  • @Blaze6108
    @Blaze6108 Před 6 lety +7

    I don't know if I'd want the ownership of my house, complete with address and cost, to be stored in a ledger that anyone can access... Privacy is a massive problem with blockchain tech, which is why I don't think it will ever become universally used. Nobody wants to be part of big brother.

    • @Tenebrousable
      @Tenebrousable Před 6 lety +4

      They don't know if you own the house, they'll know what key owns it. And who holds the key is the secret.

    • @sublivion5024
      @sublivion5024 Před 6 lety

      encryption

    • @wuppas
      @wuppas Před 6 lety +1

      If you become invisible in everything you do,how can anybody trust you at all ?

    • @Man0fSteell
      @Man0fSteell Před 6 lety +1

      Believe me , it's all part of the plan!

  • @marciaiamanaka3003
    @marciaiamanaka3003 Před rokem

    I resonate with the comments below, you are very talented and your audience really appreciates you. I am just starting educating myself about finance matters, never really having to deal with it before my IRA account started to drop in value (so fast). In any case, thank you, this Blockchain episode was very informative and inspiring.

  • @lukewalker7412
    @lukewalker7412 Před 6 lety

    another amazing video , thanks man !!!!!

  • @johnanderson4821
    @johnanderson4821 Před 6 lety +19

    Food. guns and ammo, Gold and silver, and a secure area have been my priority, but crypto currency, might be a good idea, as long as there are no world wars, or EMP attacks, or magnetic pole shift.

    • @travz21
      @travz21 Před 6 lety

      Can always buy more of that stuff after you become a millionaire from buying crypto before it gets huge.

    • @missionpupa
      @missionpupa Před 4 lety

      If there is any world wars, Emp attacks, or pole shifts, buddy.. owning crypto is the last fckin thing you should be worried about. Also if there are any world wars, whoever wins, crypto will be strong because it’s unbiased of a country

  • @anon1.9.8.7.6
    @anon1.9.8.7.6 Před 6 lety +159

    I hate the fact that banks are getting into crypto

    • @TheDifferenced
      @TheDifferenced Před 6 lety +15

      CHIIIIIIIIIIIIIIIIIIIIIIINAAAAAAAAAAAAAAAAAAAAAAAAAAA

    • @xZeroTheGreat
      @xZeroTheGreat Před 6 lety +2

      Banks'll be around. But as cherry-picked payment signaturees and brokers for loans, as they'd function

    • @xZeroTheGreat
      @xZeroTheGreat Před 6 lety +6

      U're lacking knowledge about how the Bitcoin protocol actually works. And, yes, Bitcoin is weakly pseudonymous. Use anonymous open blockchains (already exist), mixing services and crosschain transfers to disassociate funds with your identity if u're feel followed

    • @AmunRa1
      @AmunRa1 Před 6 lety +15

      I don't understand what you're getting at, Deckard. First of all, cryptocurrency forensics is not 'easy' like you say it is. It's incredibly costly and difficult unless someone uses the same address or sets of addresses for all their transactions. Since most people use a new address every transaction, tracking one address is pretty much useless. Even if you can figure out a way to guess a set of addresses that belongs to one person, you'd also have to figure out who is on the other side of the transaction. It's like if phone numbers changed after every call, and you figured out a set of numbers that all belonged to one guy, you'd still have no idea who they're calling.
      Basically, the only way to know for certain that a set of addresses all belongs to you is to get data stored on your computer, which is what happened to Ross Ulbricht, the guy who ran the Silk Road.
      Your story sounds like typical unfounded conspiracy theory to me. I'm going to take this with a huge grain of salt unless you have some sort of evidence to back that claim up. Also, I can't imagine a possible way in which Bitcoin could be un-decentralized just like that. Even if that did happen, that'd be the day everybody took their money out of Bitcoin and into any of the other hundreds of crypto-currencies on the market right now.

    • @AmunRa1
      @AmunRa1 Před 6 lety +14

      Talking in all caps doesn't make you more right, chill out. You're sounding like a Flat Earther right now.
      No, addresses are not "software" in the traditional sense, if that's what you're talking about. They're a string of up to 35 numbers and letters. For example, 19aVsXegUuPT5b2imrQ77XFsomLRziZ6Q5. I just made that using the website "bitaddress.org". You can actually create a bitcoin address completely offline. What you then use is a private key, generated at the same time, to authorize transactions with it. A private key is usually a 256-bit number, so they'd be incredibly hard to crack by brute force.
      As far as I know, there's nothing involved in the process of generating an address that contains any amount of personal information on your part. You could even do something like program a raspberry pi that's never been hooked up to the internet to generate them, transfer them to a .txt file, and then transfer them by thumbdrive, if you're particularly paranoid about your personal identity somehow being contained in your address. Kinda hard to track something that's never been online before. Also, since creating a new address is so easy, most people do it every transaction.
      As for bitcoin transactions, if you're talking about that... If someone sends you Bitcoin, you can't just look at the "from" portion of the transaction and see who it's from, because that's not part of the transaction. That's because it doesn't exist. Essentially, bitcoin is a system of receiving money, but not sending it. This also adds to the difficulty of tracking transactions. It's not impossible, but certainly not easy.
      As for the flat file... I mean, yeah, I'm sure that's already been done, too. However, that wouldn't actually give you any amount of control over anything. That'd just mean you'd be able to look through the transactions that have been made in Bitcoin. This information is already pretty much publically available, transferring it to a database doesn't really mean much. Essentially, you couldn't force the entire blockchain onto one computer, but copying the information on it to a database is possible.
      I can't help but feel you also overestimate the utility of cash. For one thing, being a fiat currency controlled by the government raises a few issues. Another thing is that while it's easy to go to your buddy and buy 50 bucks of "oregano" from him at the corner, the problem becomes exponentially more difficult when you want to buy five million in "powdered sugar" from your buddy at the dock. Now you're lugging around a big briefcase of cash, which anybody could grab and snag at any moment. No hacking necessary! Most transactions of that size will have middle-men, who will likely want a cut of the profits, too. Then there's the issue of how do you get that much cash in the first place if you didn't already have it. Do you withdraw it from a bank? Maybe you had to launder it, which is a whole 'nother complicated proccess?
      What if your buddy is in China? Well then you'll have to figure out how to transfer it overseas to him, likely smuggling it through customs of some sort. Now you've added logistics into your expenses as well. Not only that, but it is going to have to convert it to Renminbi now somewhere along the way, which is ALSO an added fee.
      There are certainly situations where cash will always be better, but cryptocurrencies fill in the gaps. Honestly, I think Bitcoin is the prototype. If it's ever mass adopted, it won't be Bitcoin, or at least not it in its current form. So if it was a plot to get us to all go cashless, I would consider it a failure.

  • @willoh17
    @willoh17 Před 6 lety

    Keep the great content coming! I'm currently involved in a DAO project that has the potential to solve issues revolving around startups. Appreciate the blockchain education!

  • @NoAnchorTV
    @NoAnchorTV Před 6 lety

    Awesome information. Thanks.

  • @davidswe98
    @davidswe98 Před 6 lety +9

    So its basocally what they try to do in the newest season of sillicon valley :D

  • @jackhooper2180
    @jackhooper2180 Před 3 lety +47

    Blockchain is good the best time is to invest Bitcoin/fx and cryptocurrency trading is now. Don't say to yourself that's is going down because you will end up postponijg for ever start now and make sure you start with a right broker

    • @jacobgary1643
      @jacobgary1643 Před 3 lety +5

      Most time having knowledge or insight about a particular activity can as well be a pleasing exercise. I can boldly say that forex and crypto trading is one of the profitable money exchange services that elevates investors and their financial status

    • @raymondkatherine7491
      @raymondkatherine7491 Před 3 lety +2

      @@jacobgary1643 That's true sir. Most people today have been having a lot of failures in forex and crypto sector because of poor orientation and bad experts

    • @garyhelen9155
      @garyhelen9155 Před 3 lety +1

      You don't make money on forex or crypto by holding your coins rather you trade to make gains

    • @terrychristian9438
      @terrychristian9438 Před 3 lety

      @@garyhelen9155 absolutely right ma'am

    • @terrychristian9438
      @terrychristian9438 Před 3 lety +3

      Forex trade made me whom I am today financially without any stress and complications

  • @AntifekaPR
    @AntifekaPR Před 3 lety

    That into was soooo lit!!

  • @TheMylium
    @TheMylium Před 6 lety

    Thanks for letting me discover “Schmoov! - Playground” - awesome stuff!!

  • @AceNallawar
    @AceNallawar Před 6 lety +373

    Conclusion: fuckin buy cryptocurrency

    • @AceNallawar
      @AceNallawar Před 6 lety +12

      The Under Network - Main
      Na.. I live in Dubai

    • @JacksonMiller1
      @JacksonMiller1 Před 6 lety +6

      Or as a secondary plan pay your taxes?

    • @davidswe98
      @davidswe98 Před 6 lety +5

      I already did in july what a time to be alive

    • @OpticSamurai24
      @OpticSamurai24 Před 6 lety

      Wich ones.....there are too many. Bitcoin is expensive af....( ETH too volatile)... (Litecoin, yield to low). I am still confident that crypto will be the future but still.....if you have any tips

    • @Martib
      @Martib Před 6 lety

      get in while its low, and hold on lol

  • @greenblue76
    @greenblue76 Před rokem +4

    It didn't age well this video, as people are starting to realise how useless blockchain are: slow, costly, not really solving any problems

  • @atul7322
    @atul7322 Před 6 lety

    Simply awesome I was looking for application parts .......thank you

  • @user-sp6vt4fn8z
    @user-sp6vt4fn8z Před 3 lety

    Your video is so good hope you get better and better!!

  • @johnlelouch3055
    @johnlelouch3055 Před 6 lety +11

    Holy shit, DAO + AI would be a truly automated company, there has been some discussion how AI may replace CEOs, after all a CEO makes the best decision for the company based on what they know, an AI has unlimited access to data and can do the same.
    DAOs are gonna be so interesting, imagine a trading company or steam trading for real money, right now there' s a lot of dangers with trading items for real money because of the risk, someone could fuck you over so escrow exists, but if DAOs can do it automatically :O

  • @girishg7224
    @girishg7224 Před 4 lety +4

    I am seriously seeing because of super star UPPI sir

  • @Wohambi
    @Wohambi Před 6 lety

    thanks for doing this

  • @jamesharris3109
    @jamesharris3109 Před 5 lety

    What an awesome video!

  • @ivanr680
    @ivanr680 Před 6 lety +29

    Dagogo, you are amazing!!!

    • @dingovory
      @dingovory Před 6 lety +5

      Ivan Reyes He's just relaying information. Go read a book for God's sake

  • @tonymichael7266
    @tonymichael7266 Před 6 lety +53

    Man Please Make a Video on How Big is HONDA & MICROSOFT

    • @danielsjohnson
      @danielsjohnson Před 6 lety +2

      tony michael By this comment I assume Honda is as big as how Coldfusion made Samsung sound like. Right?

    • @JohnnyBoiProductions
      @JohnnyBoiProductions Před 6 lety +3

      How about a video on who is entering the technological rust belt, I heard Peter Teal talking about it on an old video

  • @successbeats2924
    @successbeats2924 Před 3 lety

    Great video 👍thank you

  • @MawaMaverick
    @MawaMaverick Před 6 lety

    Thank you for this video.

  • @anthonysam9391
    @anthonysam9391 Před rokem +28

    I came here to learn how to invest after listening to a guy on radio talk about the importance of investing and how he made $460,000 in 4 months from $160k, somehow this video has helped shed light on some things, but I'm still confused, I'm a newbie and I'm open to ideas.

    • @louisclifford9874
      @louisclifford9874 Před rokem

      Investing in stocks and crypto is a good idea, a good trading system would put you through many days of success.

    • @tinythomas4438
      @tinythomas4438 Před rokem

      It is possible to produce superior performance provided you do something different from the majority. However most of us tend to pay more attention to the shiniest position in the market to the cost of proper diversification.

    • @wilsonbrown8993
      @wilsonbrown8993 Před rokem

      Having monitored my portfolio performance which has made a jaw dropping $370k from just the past two quarters alone, I have learned why experienced traders make enormous returns from the seemingly unknown market.

    • @anthonysam9391
      @anthonysam9391 Před rokem

      @@wilsonbrown8993 Interesting, I have a lump sum doing absolutely nothing at all in my bank account, I wanna get something started with it. You seem to be doing excellent for yourself, how do you achieve this?

    • @wilsonbrown8993
      @wilsonbrown8993 Před rokem

      @@anthonysam9391 Exactly, the trick is to diversify your investment, don't panic when everyone else is and invest consistently.

  • @duncanblade
    @duncanblade Před 4 lety +3

    Love it!
    Bring the future now!
    of course, it wouldn't be the future then :(

  • @HarpalSingh-hr6xk
    @HarpalSingh-hr6xk Před 6 lety

    Wow ...👍 Nice informative video 👌

  • @michaelmetzler2638
    @michaelmetzler2638 Před 4 lety

    all very interesting and entertaining. nice score as well. progress is permanent. cheers!

  • @BassKlef1
    @BassKlef1 Před 5 lety +4

    "ORACLES" remind me of The Matrix.

  • @SethMethCS
    @SethMethCS Před 6 lety +3

    11:48 entities allowed to edit the Blockchain? That defeats the purpose of a Blockchain right there.

  • @malegeresandhya5224
    @malegeresandhya5224 Před 5 lety

    Thanks for the video. It is very informative.

  • @Lmnop913
    @Lmnop913 Před 6 lety

    Nicely done

  • @sanashy9024
    @sanashy9024 Před 6 lety +3

    In 20 yrs time, we might go cashless and proceee with our transactions without handing bills to sellers.
    I think, I already heard of this years ago - that our society will move to an era where physical cash no longer has value..

    • @travz21
      @travz21 Před 6 lety

      True. Cryptocurrencies are the future.

    • @236Mars
      @236Mars Před 5 lety

      I think an early version of that future is already here....credit cards, debit cards, electronic banking and now cryptocurrencies.

    • @AnonymousAnonymous-pp5of
      @AnonymousAnonymous-pp5of Před 5 lety

      I see this having a positive impact on me. But my gut feelings are visualizing a dystopian future which we're not ready for.

  • @harmono8766
    @harmono8766 Před 5 lety +4

    Blockchain is the future! Except there are huge issues and risks involved. What was my ID again?

  • @evansilversun3838
    @evansilversun3838 Před 5 lety

    Very informative ty Degogo

  • @cturns9074
    @cturns9074 Před 6 lety

    Well done!

  • @attilapalmai1593
    @attilapalmai1593 Před 6 lety +4

    DAC ? Decentralized Autonous Country?

  • @danielsjohnson
    @danielsjohnson Před 6 lety +3

    Even if blockchain works as you say it does (and it probably won't for a while) fraud and other bad things can still be done before or at an item's point of entry into the blockchain system in the first place.

    • @PhazonBlaxor
      @PhazonBlaxor Před 6 lety +2

      It doesn't work like that. The people who "mine" the currencies are the people keeping track of everything that happens in the blockchain. If somebody tries to move money to account where it doesn't belong, the majority of the network doesn't agree and the transaction will not happen.
      As far as I know, the only way to break the system is by controlling 51% or more of the whole processing power of the network so you can confirm your fake transactions with majority of the "votes". This would not only be ridiculously expensive, but it would also be extremely complicated to achieve.
      The amount of electricity needed to get there alone would be expensive even for government scaled budgets, as the current power used by the whole Bitcoin network is equal to almost 5 of the most powerful nuclear power plants in the world. So yeah, you would need 5 of those to start off, then you would need to produce all the mining hardware to do the actual mining. The scale of this is just ridiculous, it's really not achievable by any single organisation.
      Besides, it would never pay itself back, because the moment you break the system Bitcoins become worthless.

    • @travz21
      @travz21 Před 6 lety +1

      Hacking the blockchain is impossible. Like Phazon said, as soon as you break the system the coin becomes worthless. So what would be the point of making a fraudulent transaction if it would be worthless afterwards? Not to mention controlling 51% of a well-used coin would cost in the 100s of millions at minimum

  • @this.is.lapc506
    @this.is.lapc506 Před 5 lety +1

    4:01 "Well, maybe you do want to do that" I wish I could heehee

  • @hannaclaran6382
    @hannaclaran6382 Před 6 lety

    very smart keep up the good work

  • @greatwolf.
    @greatwolf. Před 6 lety +4

    Pedantic point, Bitcoin cannot do 10 tps -- it can only do 7 tps and that's only the max theoretical throughput under most ideal conditions. In real world usage Bitcoin throughput is closer to 3 tps because of more complex transactions on the network.

    • @jackbarrett3599
      @jackbarrett3599 Před 6 lety +1

      Victor T Bitcoin is not the only cryptocurrency in existence... Look at iota, the plasma network, lightning network... They've solved that "problem," not that cryptos were slow compared to banks in the first place.

    • @jackbarrett3599
      @jackbarrett3599 Před 6 lety

      Victor T Also, no transaction is more complicated than another. Congestion is a factor when it comes to payment processing.

    • @greatwolf.
      @greatwolf. Před 6 lety

      I'm not sure what point you're trying to make here. Of course blockchains with adaptable block sizes like Monero, Ether and Dash tps is less of an issue. My comment here is directed towards incorrect information in the video where he states bitcoin's tps is 10.

    • @yziib3578
      @yziib3578 Před 6 lety

      Victor T, the 7 tsp is pre-SEGWIT. We're is a transition to SEGWIT so the tsp will be higher.

    • @MultiANTI
      @MultiANTI Před 6 lety

      With segwit it wont be a problme

  • @warmelk4554
    @warmelk4554 Před 6 lety +151

    plz do a vid on thorium and its future uses

    • @TheNeilDarby
      @TheNeilDarby Před 6 lety +9

      I don't see how ColdFusion hasn't already done a vid on LFTR technology. More people need to know about it.

    • @greyjohnson4124
      @greyjohnson4124 Před 6 lety

      dank bleach considering its fake it's useless

    • @JohnC-iv8jo
      @JohnC-iv8jo Před 6 lety

      Yulian Baskoro good work Norway running a paper mill on A HOAX ------- buy solar :-)

    • @chrisk8208
      @chrisk8208 Před 6 lety +6

      Yulian and Grey . The ability to use Th in reactors has been theoretically known since the 30's and practically demonstrated in the 60's. It's a thing and anyone who says it isn't can join their delusional buddies on a flat friggin' earth.

    • @warmelk4554
      @warmelk4554 Před 6 lety

      Chris K people dont know about it much by the way you just googled that

  • @martinngugi2963
    @martinngugi2963 Před 6 lety

    Great piece

  • @paritoshvatsaltripathi122

    quite good amount of information in very easy and simplistic way .

  • @GidiSegal
    @GidiSegal Před 6 lety +3

    Hey vsauce! Well maybe you do want to do that :)

  • @whoresonjunior
    @whoresonjunior Před 6 lety +30

    please dont make blockchain mainstream I'm still trying to accumulate

    • @drns2007
      @drns2007 Před 6 lety +3

      Accumulating what?
      He's talking about blockchain. Not bitcoin🤣

    • @erickl227
      @erickl227 Před 5 lety

      haha

    • @aceyage
      @aceyage Před 5 lety

      Peace!!! You don't understand crypto = blockchain. Otherwise it's just a decentralized, complicated database. Doesn't make much sense to use for corporations. Blockchain only makes sense for financial transactions. Period.

    • @asmith8898
      @asmith8898 Před 5 lety

      aceyage So corporations don't do financial transactions? You are just as confused as the guy who just heard of bitcoin and blockchain for the first time. Pathetic. Where are the real nerds?

  • @RajeshMenontechnospirituality

    Thank you for this video

  • @MasculineFortitudeX
    @MasculineFortitudeX Před 4 lety

    Great final thoughts