Dan Martell - April 20, 2022


Crypto in 30 seconds #Shorts


Episode Stats


Length

59 seconds

Words per minute

84.02801

Word count

84

Sentence count

6


Summary

Summaries generated with gmurro/bart-large-finetuned-filtered-spotify-podcast-summ .

The blockchain is a new technology that allows multiple computers to agree on a transaction. It allows you to say, "I own this" and you can prove that I own this because it's on the blockchain. They talk about a public ledger, and there's no central organization to do this. There's no eBay, no Amazon, no government, there's nobody.

Transcript

Transcript generated with Whisper (turbo).
00:00:00.200 The number one thing you need to understand
00:00:02.440 is there's this new technology
00:00:04.480 that's called the blockchain.
00:00:06.160 If the blockchain doesn't exist, there is no Bitcoin
00:00:08.760 and multiple computers have to agree on a transaction.
00:00:12.520 It allows you to say, I own this
00:00:15.080 and you can prove that I own this
00:00:17.100 because it's on the blockchain.
00:00:18.320 They talk about a public ledger
00:00:20.160 and there's no central organization to do this.
00:00:23.000 There's no eBay, there's no Amazon,
00:00:25.440 there's no government, there's nobody.
00:00:30.000 Thank you.