Cryptocurrency Explained: Understanding “Double-spend”, Block Re-Organization, & Consensus [Bitcoin]

Today there were headlines about a “double-spend” in bitcoin! Many took that to mean that bitcoin has a catastrophic flaw (it doesn’t) or the network is not secure (it is) or that bitcoin is somehow broken (it’s not). Watch this video to learn the truth about what a double-spend is, what it’s not, and how to separate FUD from facts. tl;dw: Nothing abnormal happened.

Are you interested in really understanding bitcoin? In this video, aantonop (one of the most trusted, unbiased sources of crypto info) answered questions bitcoin transactions, network double spends, how consensus works, and much more. Don’t miss Andreas’ version of what happens if you let someone drive away with your car after only 1 confirmation.

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Music: “Unbounded” by Orfan (https://twitter.com/grassfedbitcoin)

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