Ⓑ Blockchain The Big Picture Part 1 What Do You Own

- Need for Speed No Limits Online Hack -

In this video I explore further into Blockchain technology and this time discuss the big picture as to its purpose and driving force. In this Part 1 video I specifically look at the concept of digital ownership, value, and the numbers on your bank account. In the physical world, the concept of ownership is taken for granted because we can physically hold in our hands the physical objects that we claim to own. But in the digital world all we are holding is copies of information, or more specifically copies of a series of pulses of light from the magical all encompassing internet of inter-connected computers, linked through a grid of deep-sea fiber optic cables. Thus the focus gets shifted into replicating physical objects through mathematical one-way functions and understanding just who owns the numbers in “our” bank account.

To change the numbers on our bank account without needing to go through the bank requires developing our own ledger, which is just a history of events, and ensure that only one version is upheld through the science of cryptographic consensus. The numbers on any ledger only has value when the network believes it has value. And the ability to digitally form decentralized consensus of a history of events and laws, means blockchain based ledgers can be viewed as digital countries. And this transition is of profound significance and which I will explore in more detail in Part 2, so stay tuned!

The topics covered in this video are listed below as well as their

– @ 1:16 – Topics to Cover
1. @ 2:35 – Recap on My Earlier Blockchain Videos
2. @ 5:08 – Introduction
3. @ 5:42 – Note on Part 1
4. @ 6:21 – What Do You Own?
– @ 7:03 – The Numbers On Your Bank Account
– @ 8:30 – Your Entire Digital Existence
5. @ 9:39 – The Cables of Light
– @ 13:21 – World Wide Language of Light
– @ 17:09 – Decentralization of Information
– @ 18:34 – Decentralization of Information But Not of Value
6. @ 20:14 – What is Value?
– @ 22:27 – Physical and Mathematical One-Way Functions
– @ 24:26 – Physical Boxes and Cryptographic Hash Functions
– @ 27:48 – Digital Keys, Passwords, and Cryptography
– @ 33:38 – Digital Signatures
7. @ 35:45 – The Numbers On Your Bank Account (Again)
– @ 37:34 – Whose Ledger is it Anyway?
– @ 38:50 – Where Are the Ledgers Located?
– @ 40:13 – Value is in the Collective Belief of a Network
8. @ 42:21 – Trust
– @ 44:24 – Chain of Signatures
– @ 45:12 – Copy and Paste and Double Spending
– @ 47:29 – Chain of Digital Signatures
– @ 53:02 – Consensus is Everything
– @ 58:03 – Digital Consensus via Mathematical Work
– @ 1:04:36 – Digital Consensus via Network Stake
– @ 1:07:18 – Variations in Digital Consensus
9. @ 1:12:30 – Decentralized Everywhere and Nowhere
– @ 1:15:23 – Digital Countries

Stay tuned for Part 2…

Download Video

View video notes on the Hive


Ⓑ Blockchain Bitcoin, Cryptocurrency, Cryptography, & Satoshi

Blockchain Tutorials

Computer Tutorials .



DONATE! ʕ •ᴥ•ʔ

Like, Subscribe, Favorite, and Comment Below!

Follow us


Email [email protected]

Try our Free


Try our Free Online

iPhone and Android

Hawkes Gaming shows you how to have the best start in Elite Dangerous with this beginners money making guide. This Elite Dangerous money making beginners guide will show you how to go from no credits to over 1 billion credits in one single gameplay session. I really hope this how to have the best start in Elite Dangerous beginners guide was helpful and makes your Elite Dangerous gameplay much more enjoyable.

New UPDATED quick start guide for Elite Dangerous in 2020!

New Mining Method Video! 400+ Mill per hour!!

Become a Pateron Today! If you would like to support this channel.

Or perhaps consider becoming a YouTube Channel Member! Both receive amazing perks!

📺 Join our Discord Channel!

**Check out our MERCH Store!**

How to have the Best Start! New to the Game Mega Start Money Guide!

All ships reviewed and ship builds!

All things Mining / Money Making + Ship Builds!

Engineers Guide + Materials Collection!

Fleet Carriers How to Gameplay and Bugs!

Useful websites for Elite Dangerous where to buy / sell + more!
or as well as

My HUD colors!
MatrixRed -0.38, 0.89, 2 /MatrixRed
MatrixGreen -0.15, 2, -0.5 /MatrixGreen
MatrixBlue 1.75, -1, -0.3 /MatrixBlue

#EliteDangerous #EliteDangerousGuide #HawkesGaming

- Need for Speed No Limits Online Hack -