Bitcoin Course | Big Picture Basics 4.1 - The Internet Phases

As we transition from the physical intricacies of the global network of mining hardware and the warmth they produce, we step into the limitless realm of cyberspace. This digital dimension houses a vast expanse of data, memories, videos, photos, and myriad digital transactions that move like whispers, effortlessly traversing the globe.

For Bitcoin, the journey began with a simple yet revolutionary premise: leveraging this vast domain to record and authenticate financial transactions.

Free Course Full Lesson https://hashpower.academy/lessons/4-networks-hashpower/
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Financial Disclaimer:

This video is for educational and informational purposes only and should not be considered as financial advice or an investment recommendation.
The opinions expressed herein are solely those of the presenter and do not reflect the views of Hashpower Academy. Information is provided ‘as is’ and without warranties, either expressed or implied. We do not guarantee its accuracy or completeness. Investing in cryptocurrencies involves significant risk and should be undertaken only by individuals who can afford potential losses. Viewers are advised to conduct their own research and consult a qualified financial professional before making any investment decisions.

Video Transcript:

[Music] [Music] welcome to module 4 networks and hash power and so this module really begins the digital discussion of bitcoin’s network which oper Ates online and that is a network of people communicating by sending and receiving information to each other think about when you print something you send information from your computer to the Wi-Fi and the Wi-Fi to your printer and that is sending information at the speed of light and this network is your local area network and your little network is connected to every other network of the world and that becomes the Internet it’s not in one particular place it’s very decentralized all across the world and so what really began the internet was being able to load a website and read the information but you couldn’t really engage too much people developed social media platforms and blogging and YouTube and countless ways of being able to engage and participate and write your own destiny online people developed businesses and started e-commerce websites and all other aspects of things but that does Happ the effect of we have empty High streets today because all of our trade and commerce is done online and Bitcoin was published online and people downloaded the information and they participated and this has really begun the the third wave of the internet which is ownership digital ownership and this has brought about a phenomenon of different ideas and different opportunities to to participate with money online but the internet has two different aspects to it we have public information that we want to visibly show and a brand a profile an email address a way of communicating with one another with public information but we also have private information our payment details and all other aspects of things that we put behind a password so just remember the strength of your password is the strength of your digital force field around your private information [Music]

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