Understanding #Bitcoin mining was one of the first things that made me really grasp what an insane and brilliant system Bitcoin truly was... If you still think it's just some gamified ponzi scheme, I urge you to take a few minutes and watch this 👇

Replies (53)

lol, you are welcome. I will continue to let you know other thoughts that I have in the future, as well as potential thoughts about those thoughts. 🤣
Eze Chijiuka 's avatar
Eze Chijiuka 7 months ago
Haha 👏 I'm new to Nostr and would love to be friends 🧡
I used Riverside to edit it and it does a bunch of jump cuts when there is a pause that's too long or an "um" or something. It's a particular style that I don't really mind, but the bigger thing is that it makes editing down my longer takes into a cohesive and succinct core video way, way faster... like WAY faster. I can do 6x the editing in the same time frame. The trade off is that I have to accept that some of the cuts are a little abrasive because of the jumping. But its worth it to me until the Ai gets better at the judgement of where to cut and blending what cuts do need to be made. Being able to basically hit a button and have 80% of the editing done immediately is just way to valuable for me to not use it 😂
Also thank you to SO many people who helped me find the great footage of mining farms, various locations and datacenters, and then the near100 of you who shared your personal mining and bitaxe setups in your homes or on your desks. If you see your miner in the collage video point it out! View quoted note →
SatsMan's avatar
SatsMan 7 months ago
Thank you for your 2 sats 🫡
@Guy Swann I’m so glad you cross posted a YouTube version of this! It’s perfect for having in the front of the mining playlist that’s linked from the Why The Future (WTF) is Bitcoin book. Short and clear. Well done, sir. http://krigerdanes.com/btcmining nevent1qqsxnvldzywkv3pvh9q0ekr2ph4238xu7es55gtsk4spkcs3r86k2zgpzemhxue69uhhyetvv9ujuurjd9kkzmpwdejhg3hjtrn
nice job on the "Great Taking" series Guy...looking forward to the rest of them.
HoneyBadger's avatar
HoneyBadger 7 months ago
Amazing content🚀 but be careful with the Pokémon hate🍯🦡
rfc's avatar
rfc 7 months ago
This is fantastic, well done!!! This is now my go to explainer on WHY Bitcoin Mining. Thank you
“#Bitcoin mining is a ‘waste of energy’ or ‘pointless math’ in exactly the same way that the concrete and steel in a bank vault is ‘pointless building materials.’” nevent1qqsxnvldzywkv3pvh9q0ekr2ph4238xu7es55gtsk4spkcs3r86k2zgpzemhxue69uhhyetvv9ujuurjd9kkzmpwdejhg3hjtrn
Understanding Proof of work is how you can understand why bitcoin is unbreakable, uncensorable and don't need to be trusted. The trustless Monetary system. The trustless Truth system. The trustless Time system. The trustless Energy system. ... The trustless... everything! 🤯
Guy Swann's avatar Guy Swann
Understanding #Bitcoin mining was one of the first things that made me really grasp what an insane and brilliant system Bitcoin truly was... If you still think it's just some gamified ponzi scheme, I urge you to take a few minutes and watch this 👇
View quoted note →
Stoa Otter's avatar
Stoa Otter 7 months ago
[Libertad] El mundo digital está aquí. Muévete rápido. Con determinación. Aprende y asienta conocimiento. Los que vengan detrás te lo agradecerán (de muchas maneras) #hola #HispaNostr #hispano #español
Guy Swann's avatar Guy Swann
Understanding #Bitcoin mining was one of the first things that made me really grasp what an insane and brilliant system Bitcoin truly was... If you still think it's just some gamified ponzi scheme, I urge you to take a few minutes and watch this 👇
View quoted note →
Ski Japan Today's avatar
Ski Japan Today 6 months ago
This by @Guy Swann is the quickest was to get your head around what BTC mining actually does for the network. Once again killing it Guy! nevent1qqsxnvldzywkv3pvh9q0ekr2ph4238xu7es55gtsk4spkcs3r86k2zgpzemhxue69uhhyetvv9ujuurjd9kkzmpwdejhg3hjtrn
Morris Verdonk's avatar
Morris Verdonk 6 months ago
“Bitcoin mining is a waste of energy or pointless math in exactly the same way that the concrete and steel in a bank vault is pointless building materials.’” View quoted note →
Send this sht to your nocoiner friends
Guy Swann's avatar Guy Swann
Understanding #Bitcoin mining was one of the first things that made me really grasp what an insane and brilliant system Bitcoin truly was... If you still think it's just some gamified ponzi scheme, I urge you to take a few minutes and watch this 👇
View quoted note →
ricky's avatar
ricky 6 months ago
One of the best explainer videos I've ever seen. This is what normies need
Yes, but then there's also the problem of mining centralization. Which is an issue. Mining pools can centralize control, effectively becoming keys to writing on the Bitcoin chain. I do think the current market dynamics, i.e West vs East, will allow Bitcoin to remain decentralized and also mining software like Datum/Stratum V2 will help immensely, but this is an and will always be an issue. In other words, there's details that are fundamental to truly understand if one is to dive unto Bitcoin. This post by @Luke Dashjr explain it very well: and