Bitcoin: The Future, or World's Greatest Scam?

►This video was sponsored by Skillshare. The first 1000 people to use the link will get a free trial of Skillshare Premium Membership: https://skillshare.eqcm.net/Kr3Yn In April 2021 a single Bitcoin was worth over $60,000. But is Bitcoin the future? Or just one giant elaborate scam…? It’s time we investigate Bitcoin, and the rise of cryptocurrencies. ► Part 2 of the series: [https://youtu.be/brABoguf7uc] ****** ► Become a Patron for behind the scenes, Q&A's, and editing tutorials: https://www.patreon.com/jamesvj 💻Where I began Learning How to Edit + Other Clases (Skillshare) ► https://skillshare.eqcm.net/Kr3Yn 📦 Download my Video Editing Templates: ► https://www.jamesjani.com/shop/ 📹 My Equipment: ►https://bit.ly/2OfHCTO 🎶 Where I Get My Music: ►Epidemic Sounds - https://www.epidemicsound.com/referral/5uqnji 🔧 Helpful tool for YouTubers (TubeBuddy): ► https://www.tubebuddy.com/Jamesvj 💼 Job Opportunities: ► https://jamesjani.notion.site/James-Jani-Hiring-Hub-b669861daa0b4b3bbe60b6515aab418b *** 𝗟𝗘𝗧'𝗦 𝗖𝗢𝗡𝗡𝗘𝗖𝗧: 📸 IG: james.v.j // https://bit.ly/2TOaBBC 🐦 Twitter: @jamesvjani // https://bit.ly/2zYPrsT ****** Bitcoin first began when a white paper titled “Bitcoin: A Peer-to-Peer Electronic Cash System” began to circulate on a cryptography mailing list. The white paper was signed by an individual going by the pseudonym of Satoshi Nakamoto. And to this date, Nakamoto’s identity has still not been entirely confirmed. In 2009, Satoshi Nakamoto “mined” the very first block on the Bitcoin blockchain and set into motion a series of events that would lead to the cryptocurrency’s current fame and status. But I know what you might be thinking: What even is Bitcoin? What is blockchain? What is “mining”? What is a cryptocurrency? Why was Bitcoin even created? Does Bitcoin even have any value? And how could this “Bitcoin” be worth tens of thousands of dollars? Is it all just a massive scam? The debate surrounding Bitcoin is vast, and there’s no shortage of opinions on the subject. In this series we’ll attempt to dissect the history and motivations behind the cryptocurrency’s creation, as well as the big debate on the topic. We’ll try to answer the question of whether Bitcoin truly is worth something, or whether the investments that have been put into Bitcoin are nothing but pure speculation. In this first part we will also dive into the technicalities of what “blockchain technology” actually is, how it works, and why it’s so important. If you’ve heard of an “NFT” then this will also be very important in understanding they are as well. NFT’s are also operating on “blockchain” technology. I would also recommend watching 3brown1blue’s video on the subject: https://youtu.be/bBC-nXj3Ng4 This series isn’t going to focus too much on the investment side of Bitcoin – whilst that still plays a role in the story, we’re more focused on the motivations and the debate on the topic. However, I do believe that by understanding WHAT you are investing in, you shape yourself up for a much better financial decision than just blindly following FOMO and potentially risking your hard-earned money. ****** All materials in these videos are used for educational purposes and fall within the guidelines of fair use. No copyright infringement is intended. If you are or represent the copyright owner of materials used in this video and have a problem with the use of said material, please contact me via my email in the "about" page on my channel. AFFILIATE DISCLOSURE: there may be a few links in this description that, at no cost to you, will earn me a commission if you choose to click them and make a purchase 🙂 Don’t worry – I only ever promote things that have genuinely helped me. ****** Prologue - 00:00 Chapter I: In Fiat We Trust – 2:16 Chapter II: Magic Internet Money – 7:01 Chapter III: The Impossible Rise – 11:35 Chapter IV: Institutions - 17:16 Conclusion - 19:17