Powerful Education! For Young Entrepreneurs | Hashpower Academy

Video Transcript:

so this is a video to directly communicate with anyone of a entrepreneurial mind you want to build something you want to add value to the world and the world’s in a bit of a chaotic place right now there’s always lots of changes politically economically socially mentally physically in every shape in every way in every form but first let me introduce myself hello there my name is Jake scanland I’m the lead educator here at the hash power Academy this is where learn about everything and anything to do with Bitcoin and its underlying network of countless different topics because Bitcoin is not just money on the internet and a blockchain but all these other different components that you need to learn first so module one starts with energy and the carbon conversation of the different types of power that we produce module two is about grids and the electricity that we all consume all Need for everything and hardware and heat you had your laptop on your lap before gets warm and so all of that electricity that these computers consume whether it’s a tiny little device or a large as6 specific machine that mins Bitcoin they produce a lot of heat and that adds a lot of value to the world or the compute power these computers are doing all of that processing power is the electricity essentially getting exported and sent into the internet uploaded shall we say and what gets downloaded Bitcoin into your wallet through through the blockchain a storage system for data because transactions and money is just data and Bitcoin is a specific type of data uh I grew up playing video games and every game had some form of in-game currency and people of a younger age have a intrinsic understanding to digital value people of an older generation might prefer to use cash because that’s what they grew up with that’s what they know they have deep intrinsic connection to the physical world but people of a younger age we have this understanding and connection to things being digital and being able to assign value to them and that’s what Bitcoin is it’s a form of currency that is natively living on the internet but it requires electricity to produce it through compute power and compute power has a lot of parallels particularly AI so everything you hear about AI has the same stack of requirements as Bitcoin it costs a lot of money to produce AI gpus Computing microchips and all the bits of Technology Associated to it the compute power in of itself and the intelligence and software and code behind it but also AI compute consumes a lot of energy and these different parallels transcend across to Everyday Life a farmer needs a lot of energy a lot of technology and converts what good he produces into money and so what I’m trying to say with making all of these analogies and compar comparisons is Bitcoin is a form of money that aligns the physical world and the digital world back as one that a lot of us are so disconnected say on one side of the coin or the other we’re either really in the physical world or really in the digital world and and our life is sort of split between the two and it’s not woo woo to say that Bitcoin I believe is going to have some sort of realignment bringing Humanity back towards a path in which both of these worlds live together because it’s a currency system based on energy the energy is not wasted by consuming it Bitcoin mining it secures the blocks of the blockchain and so it’s a storage system for information on money that cannot be penetrated and if you want to penetrate the system and break it you get paid for doing it in the process that’s Bitcoin mining a different way to see it so if you want to delve into any of these subjects and every of these every one of these subjects this is the YouTube channel for you I hope you enjoy I hope you like subscribe ask me any questions in the comments and I will get back to you as soon as I can goodbye