https://en.m.wikipedia.org/wiki/Doubt
https://en.m.wikipedia.org/wiki/Optimism
https://en.m.wikipedia.org/wiki/Pronoia_(psychology)
https://en.m.wikipedia.org/wiki/Pronoia
https://www.fidelity.com/learning-cente ... currencies
https://www.sciencedirect.com/science/a ... 1923005719
https://pmc.ncbi.nlm.nih.gov/articles/PMC11112015/
https://en.m.wikipedia.org/wiki/Prometheus
https://en.m.wikipedia.org/wiki/Disinformation_attack
https://en.m.wikipedia.org/wiki/Risk
https://en.m.wikipedia.org/wiki/Uncertainty
https://en.m.wikipedia.org/wiki/Gambling
https://en.m.wikipedia.org/wiki/Value_(economics)
https://en.m.wikipedia.org/wiki/Value_( ... )#Theories
https://en.m.wikipedia.org/wiki/Event_( ... ty_theory)
I need lots of money to survive the rest of my life. It is unimaginable to continue in this way without major upgrades as soon as possible.
https://en.m.wikipedia.org/wiki/Comfort
https://en.m.wikipedia.org/wiki/Luxury_apartment
https://en.m.wikipedia.org/wiki/Security
https://en.m.wikipedia.org/wiki/Shelter
https://en.m.wikipedia.org/wiki/Home
https://en.m.wikipedia.org/wiki/Mansion
You should figure out how to become a YouTuber and make lots of money through donations on places like Patreon and ad revenue. It seems to be the "only way" to try to achieve anything now.
https://www.youtube.com/watch%3Fv%3DUzv ... ure=shared
https://fortune.com/2018/02/27/youtube- ... rty-wages/
https://kinsta.com/blog/youtube-stats/
https://www.alexhyett.com/one-month-on-youtube/
YouTube · Rob the Maritimer
6.6K+ views · 3 months ago
LUCK has NOTHING to do with Youtube Success... Here's What Does!
https://www.youtube.com/watch%3Fv%3D1PZ ... ure=shared
https://www.youtube.com/watch%3Fv%3DwdM ... ure=shared
https://www.youtube.com/watch%3Fv%3DsDo ... ure=shared
I think that these idiots are probably counting all the people using YouTube and making no effort to make money through it? I haven't watched the videos yes, but YouTube has a gigantic number of viewers with accounts given channels who make no attempt to use the platform to make money, so it would be clownishly stupid to include those people, the vast majority, in any statistics for all those who very seriously are attempting to make money on it in a steadfast way.
This was the 2017 information:
https://www.youtube.com/watch%3Fv%3DbBC ... ure=shared
This is years later, and how was anyone supposed to trust or get a safe handle on any of this if they don't feel they have money to throw away?
"
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2 yr. ago
PerfectFlaws91
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Does anyone else feel like crypto is over their ability to understand?
Like, I get the concept of it, it's online money, but all of the terminology and computer literacy needed makes it so difficult to learn. There's so much information that I have no clue where to even start. It feels the same to me as when everyone was learning jibberish in the 90's, but no one would teach me how to understand or speak it. Iean, it's not like I have anything to invest, but it would be nice to figure out. Like, I still don't understand what an nft is either. Non findable tokens? What does that even mean and how do you sell something that you can't find?
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forest_gitaker
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2y ago
•
Edited 2y ago
I'm going to start by explaining NFTs, and then I'll get into why this isn't taught in the crypto space. (Spoilers: 99% of the space doesn't understand how crypto works, including the scammers. )
For context, I have a tech background and learned how to read/write smart contracts while I was getting scammed. I have no projects to push, reported my profits (and losses) to the IRS, and am just in it for the tech.
NFTs stand for Non-Fungible Tokens. Fungible more or less means "generic", so in a sense you can think of them as "Non-Generic Tokens" (which doesn't quite roll off the tongue). The core idea is that if it's fungible, you can swap any 2 units without notice, and if it's non-fungible, you can't.
For example, a $20 bill isn't all that special. If I took one from you and tore it in half, you'd be pissed, but if I handed you a fresh one from my wallet, we'd be cool. That's fungible.
Now, put a really good drawing on that bill (not affiliated) and if I did the same thing. You're either throwing fists or a civil suit, because getting a fresh $20 doesn't truly replace the one I destroyed. That's non-fungible.
NFT's, then, are tokens (different from coins, but similar enough we'll skip over it now) that have a unique value to them. Literally. An NFT is just an ID number, "owned" by a specific address (read: wallet), that points back to an image server.
That's the part that makes it scam-tier, because these collections sell themselves as you buying some immutable piece of property, but as it is now you're only getting the receipt for a jpeg. All the images themselves live on a server that the original "artist" controls and can change or shut down at any time, leaving you with a receipt for something that doesn't exist.
(EDIT: I want to emphasize - again, because I'm in it for the tech - that NFTs as a technology has some legitimate use-cases, but bored apes is not one of them.)
The reason no one teaches this is that most don't know. All they've heard is the hype, and the hype is generated by scammers which lack knowledge themselves, or more often, whales who were pulled into the scam early on. They don't know how it works either, but they repeat what they've heard as they progress from drinking the kool-aid to passing the hot potato.
About the only people who do know what's going on (in a technical sense) are the developers, and even then although there is some raw talent for sure, many are copy/pasting features from other coins into their own code without really understanding why it was setup that way or caring how long it will work. They just take their payday and move on to the next project, usually run by the same people as before, and the cycle continues.
So, to bring it full circle, the reason no one in the crypto space teaches the jargon is because 99% of the space doesn't understand how crypto works, including the scammers.
track me
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[deleted]
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2y ago
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Edited 2y ago
NFT is just an ID number, "owned" by a specific address (read: wallet), that points back to an image server
If the image itself was stored on the blockchain, would that make NFTs more credible?
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bitusher
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2y ago
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the reason no one in the crypto space teaches the jargon is because 99% of the space doesn't understand how crypto works, including the scammers.
This is a salient point. These are software projects after all and thus to evaluate the claims being made you really should have a development background and understand that there are tradeoffs in everything and blockchains aren't some magical panacea that makes everything better. Others who lack this background can indirectly get a high level overview from developers who are honest.
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VanillaAcceptable814
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2y ago
youve probably confused him even more with all that
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u/Pretty-Caterpillar87 avatar
Pretty-Caterpillar87
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7mo ago
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Edited 7mo ago
Quite frankly, if I can’t hold it in my hand, it isn’t worth SHT. Especially when the power goes down. Second, if you have to have a PhD in computer science to figure out how to even understand this stuff, it isn’t worth my time. It’s too much work for the average person. In the end, it’s really not that secure because the FBI can confiscate your bitcoin, the government can confiscate it anytime they want. So nothing is 100% secure. When you are at the mercy of electronics to get your so-called “cash “, you are putting yourself in a very vulnerable position. I have been in line at the 711 on Friday at 5 o’clock when the power was out and they were taking CASH ONLY! I cannot even fathom how all of these bitcoin Buttheads would fair in such an instance!!!! true freedom begins with government and electronics, and. I don’t need , or want ,to be tethered either one.
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u/Dromakat avatar
Dromakat
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2y ago
Start by understanding Bitcoin.
That will make you able to judge through all rubbish.
Read the Bitcoin Standard.
(I should get an affiliate link for suggesting this book to everyone!! )
But I think those of us who had the time and the good luck to understand Bitcoin, have the moral obligation, the civil duty with humankind of helping others understand this historically groundbreaking technology.
You don't need the computer literacy to be part of this, not more than you need to understand quantum mechanics to understand the microchips in your smartphone.
What you really need is to understand the economic principles behind Bitcoin's success.
Good Luck my friend, you are on the right path.
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bitusher
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2y ago
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Does anyone else feel like crypto is over their ability to understand?
The term "Crypto" is a horrible term as it now seems to suggest "cryptocurrencies" instead of Cryptography. 99% of cryptocurrencies or tokens are pointless or an outright scam. It is also confusing as it seems to suggest that fiat isn't cryptographically secured or mostly digital either which is also incorrect.
Blockchains exist specifically because of proof of work. The largest innovation is proof of work and incentives found in Bitcoin. Projects claiming to either use a blockchain or claim they are decentralized without using proof or work are highly likely to be misleading scams. It is also very questionable that multiple blockchains with high degrees of hashrate are needed as well.
t's not like I have anything to invest, but it would be nice to figure out
please don't invest at all until you do more research , start here
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unclepan
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2y ago
I know how you feel. It's a bit overwhelming at first. Let me ask you an honest question: How much time have you dedicated to learning about Bitcoin? I ask because it takes time to learn, but it's worth the time investment. Read The Bitcoin Standard, watch a video a day on YouTube and enjoy the journey!
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[deleted]
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2y ago
I can completely relate to OP. It is like I will be trying to understand one aspect of it but can't because I'm distracted by 100 other questions that start popping in my head. My brain is like a big scribble drawing when I REALLY try to understand it beyond just the concept
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VWCanada
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[deleted]
•
2y ago
O heck yeah, it reminds me of, but this is worse, like linux, it's too techy for the common person to grasp. And when I try to find answers, you get a bolt by bolt detail of the entire dang system! And then you never know, except by word of mouth from strangers online what is safe, and then what, there are fees to buy coin,fees to send coin, and then fees to convert to cash?? And I'm trying to stay just in the realm of bitcoin.org. And then again, I don't trust it, first this comes out and now we see a secret plan of the Central Bank of the evil BIS to get everyone off cash and onto their crypto! I feel bit was released by them to get innocent people to work out the bugs for them and get some to trust it. I'm thinking of just deleting my app and buy silver! And to top it off, the BIS can simply make all crypto illegal except their's!
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PerfectFlaws91
OP
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2y ago
Yes! It's so easy to make a mistake too. I heard about the Central Bank system they're trying to push that and I don't like it either. Same reason I will never have a fully electric vehicle as well. Too easy to just shut down a car if they're trying to do stuff like they're doing in parts of the UK where you're not allowed 17 km from your home. I'm sure if they had been successful in getting everyone to switch over, they could easily just shut down your car if you go past a certain point.
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JDnCoke78
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2y ago
I’m just stockpiling Bitcoin , keep buying and not selling. I feel in years to come this will be a huge benefit to me
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[deleted]
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2y ago
The sooner you understand the difference between Bitcoin and all the scams called "Crypto" the better for you.
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[deleted]
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2y ago
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2y ago
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u/DetroitFireman313 avatar
DetroitFireman313
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2y ago
Check out Andres Antonopoulos on YouTube. Has TONS of videos for beginners to expert
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u/BTCMachineElf avatar
BTCMachineElf
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2y ago
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Crytpo is always jumping on the next keyword or acronym. Anything to sound like new tech. It's mostly bullshit, made to sound impressive, but none of it competes with bitcoin.
Only bitcoin is legit. Only bitcoin is scarce, decentralized, leaderless. And bitcoin by itself isn't so complicated when you filter out all that 'crypto' noise.
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[deleted]
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2y ago
u/Prestigious-Pain8850 avatar
Prestigious-Pain8850
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2y ago
I’m not dismissing all other crypto currency’s but I understand enough to know that my conclusion is that there is Bitcoin, then everything else. Nothing else has made sense and unique apart from the lightning network.
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u/MathiasThomasII avatar
MathiasThomasII
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2y ago
Bitcoin is not a cryptocurrency like you think of other cryptos. I would start by going to YouTube and sear hing Bitcoin for beginners. Spend the 8 hours to watch several intro videos and come back for more suggestions
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PerfectFlaws91
OP
•
2y ago
I've spent countless hours watching YouTube videos. It's all so complicated though. I just don't get why I'm having such a hard time intaking the information. It all just flies above my head and I'm left with more confusion.
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bitusher
•
2y ago
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Like, I still don't understand what an nft is either. Non findable tokens?
Its supposed to be confusing because its a scam used to confuse new users into buying a hash on a blockchain. "Non fungible tokens" is supposed to suggest that it is unique and cannot be copied which is a lie. All these images can easily be copied. They are not unique like original paintings that exist IRL.
Keep in mind the whole concept of NFTs is mostly absurd and copyright and trademarks cannot be enforced on any blockchain but the physical traditional legal system IRL
More about NFTs
investors are being misled that a hash on a blockchain allows actual ownership of the image when this is untrue. Anyone can trivially copy this art and the blockchain offers no extra protection from this. Before NFTs were created copyright ownership was established with as simple action as publishing your art anywhere, and no blockchain is needed for that. Thus in all practicality NFTs offer nothing of benefit besides misleading people into some new benefit which doesn't really exist
Also watch this video to learn about the absurdity of NFTs in the game development environment :
Which is why most game developers hate NFTs:
https://kotaku.com/nft-crypto-cryptocur ... 1848407959
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hahanawmsayin
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2y ago
You’re not understanding the value proposition of NFTs.
If we’re going to live more and more of our lives in virtual worlds, does it make more sense to store our most critical, personal data in one company’s database or a decentralized, globally-owned database?
You’re also ignoring the historical record of actual art NFTs, as in the artists who first experimented with encoding their art within blockchain transactions.
In addition, you’re mistaken about the legal enforceability of ownership of physical objects using blockchain records. See: Mattereum Asset Passports.
You, sir, are r/confidentlyincorrect
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bitusher
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2y ago
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Edited 2y ago
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The problem with NFTs is they are marketed as unique images or game assets , or unique physical objects when they are not. What is unique is a hash on a blockchain , and this offers no extra legal protection for securing the asset from being copied.
personal data in one company’s database
Why would you suggest copyright existed in a single company database before NFTs existed? Thats not how copyright works. The copyrighted art would exist in multiple forms that all support its provenance in court. Additionally, having the same information across thousands of nodes doesn't necessarily add much to its provenance either , especially since blockchains are not immutable.
you’re mistaken about the legal enforceability of ownership of physical objects using blockchain records.
How exactly is having a hash on a blockchain to prove legal enforce ability any better than traditional copyright, patents or trademarks ? I want you to give me a specific example.
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[deleted]
•
2y ago
Wow
There's a PR template for justifying NFTs
Thanks for parroting it
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[deleted]
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2y ago
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brianddk
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2y ago
There's so much information that I have no clue where to even start.
Honestly, I've found reading the manuals and documentation a good place to start. Trolling through youtube videos will just twist you up. Pick a coin, wallet, and exchange, then read the documentation and "learn" / "docs" / "wiki" sections that that particular group produces.
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PerfectFlaws91
OP
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2y ago
So how does someone pick? I have heard of Coinbase and Webull. Are those wallets? I had Coinbase for a while and turned their free $5 for starting into $97 in three months just by reading the graphs and understanding that stuff, it's just everything else. I don't know what an exchange is or how to choose one. Figuring this out is like having a full time job. I have sensory processing disorder which makes reading very time consuming and stressful to me. I just wish there were, idk, cut and dry methods to doing it or there was a video that could go through the whole process.
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sirspeedy99
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2y ago
You could have learned what a non fungible token was in less time than it took you to weite this post.
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bitusher
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2y ago
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I wish this was true. When I do a google search for NFT the first thing I read from kaspersky at the top is :
NFT stands for ‘non-fungible token’. Non-fungible means that something is unique and can’t be replaced. By contrast, physical money and cryptocurrencies are fungible, which means they can be traded or exchanged for one another. Every NFT contains a digital signature which makes each one unique. NFTs are digital assets and could be photos, videos, audio files, or another digital format. NFT examples include artwork, comic books, sports collectibles, trading cards, games and more.
The above statement is at least extremely misleading if not a lie. You could say the the NFT is nonfungible if you are referring to the hash or signature on the blockchain alone but than it goes on to suggest that NFTs are assets that are pictures and various other files which suggests that those assets are non fungible as well which is untrue.
Now lets look at wikipedia
https://en.wikipedia.org/wiki/Non-fungible_token
This actually is much better but contains some inaccuracies
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BadAngler
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2y ago
I know nothing except buy low and sell high.
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0rderedChaos
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2y ago
The biggest piece to start with understanding is how cryptography works. That seems to be the biggest stumbling block for most. It’s quite brilliant when it all finally clicks. But then you realize that 90% of this tech is being abused by scammers and grifters. The only way to spot those is by getting scammed and then they become very easy to spot.
Start small with amounts of money you’re willing to lose. Think of that money as the cost of education. It’s really the only way to learn quickly.
Unless you’re one of the lucky few, you’re going to get rug pulled at some point. Don’t go all in on anything until you’ve spent at least a year (imo) using a variety of platforms and seeing how they work with real money (again, start small and work up as your confidence builds).
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CimGoodFella
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2y ago
I suggest listening to the Bitcoin Audible podcast. Start with his basics series.
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G33ONER
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2y ago
Yes i feel that. So I've sold it all and I'm going to start again from scratch.
It'll be a set amount I'll be grabbing each month from now until the alien takeover.
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MyOtherAcctsAPorsche
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2y ago
•
Edited 2y ago
This. This is a good place to start. People here who are not asking questions are here because they still have lots to learn (me) and to answer questions and guide people who want to learn more.
Honestly, a lot of stuff has "names", and the names can be confusing, but once you understand what each name means, I think the only concept not already in everyone's life is the concept of a cryptographic hash or signature.
Learning deep cryptography to understand bitcoin makes no sense, so if you can just take cryptographic signatures and hashes as a black box that does what people says it does, you can get a quite complete picture of the whole thing.
I like to recommend this video: as I feel like it does a very good job of explaining everything, starting from scratch.
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Lylac_Krazy
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2y ago
I will share my experience with it:
So many people express opinions and bad info, all within the confines of an echo chamber relating to whatever crypto the support.
It took me 2 years to free myself from all that and learn the fundamentals of what I invest in. Take to heart some of the better explanations here and try your best to avoid the "to the moon" crapola.
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EarningsPal
•
2y ago
Banking system: a record of who owns what, tracked by computers.
Crypto: a record of who owns what, tracked by computers.
The software and the management of the system is the only difference.
All monetary units are a figment of our collective imagination. It’s all imaginary money. In banking, some humans can easily print more money. In crypto, we are led to believe the total has a fixed amount. The more likely the amount remains fixed, the more inflation causes that asset to gain buying power in the future.
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Alternative-Age9751
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8mo ago
So why is crypto better? What is the backing? If it's not stable how can it be used?
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[deleted]
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2y ago
OP - do you fully understand how a bank transacts your money?
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PerfectFlaws91
OP
•
2y ago
No. I don't even understand what that sentence means. I have never had a real bank account.
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going_up_stream
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2y ago
What are you trying to learn about cryptocurrencies?
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PerfectFlaws91
OP
•
2y ago
I'm trying to learn how to buy Bitcoin slowly and safely.
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[deleted]
•
2y ago
You don't even need to learn the terminology. Half the time its just learning the absolute basic.
I would also recommend, if you want to learn about crypto, to first focus on bitcoin - and a very simplified outlook. If you are aware that Bitcoin is a digital currency that requires no central body or third party for people to transact with each- other, then you basically know what bitcoin is.
The how's and whys branch off from that - but you don't need to know everything about Bitcoin in order to see its use case. One factor is that Bitcoin, like anything in crypto or any solution in general, aims to solve a problem in existence. So if you aren't aware of the problem, that's probably why understanding a solution is not quite intuitive.
And so you may also want to ask yourself - why are you even interested in learning about crypto? And why do you want to learn about NFTs, let alone how to sell them?
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EqualGovernorPlayer
•
2y ago
Buy and sell Bitcoin on coinpes.com p2p with no KYC required
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Lumik333
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2y ago
Please guys am a beginner on anything crypto and I need someone to put me through
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Txtinner-Diet
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2y ago
I’m on my second book and trying to find an entry point that feels safe, but haven’t learned enough yet. I see that it could answer the question how to also help people in third world countries enter into an international business starting with what you have.
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[deleted]
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2y ago
Crypto is garbage, even the big names like ethereum. Bitcoin is, was, and will be the only ever truly immaculate conception of the technology. Everything else is a captured coin so don't stress about it. Buy btc, and hodl. There you go.
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u/Bard1949 avatar
Bard1949
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2y ago
I trade on Coinbase , Kukoin and Bitrue. I have a couple wallets and yes, my ability to navigate these sites requires an IT degree. Constant learning. The unfortunate part is that any one who can assist is at a distance from me. Site tutorials are not always helpful. It’s a challenge but worth it.
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u/Anxious_Access1452 avatar
Anxious_Access1452
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2y ago
Yes, i read 2 books about it and i think i understand it. But if we have a discusion about it, i notice its really hard to explain or convice the other person. So maybe i dont get it as much as i think i know....
really frustrating! I think i will read the books again. Ps. Its more like the whole financial system what i dont understand than bitcoin i guessUpvote
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u/Free_Depth_6710 avatar
Free_Depth_6710
•
2y ago
Lots of crooked actors
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[deleted]
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2y ago
Iean, it's not like I have anything to invest, but it would be nice to figure out.
I would say that the goal of Bitcoin (based on the original paper) is to be seen as a payment method rather than an investment.
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u/R3Ditfirst avatar
R3Ditfirst
•
2y ago
It’s ambiguous on purpose. The white paper is intentionally vague. The whole fucking thing is a fraud (or, more charitably, a way of siphoning privately held assets into a public ledger. Meanwhile, everyone is being convinced that stupid = smart. Hey, let’s just mine some coin, what gives computation value in the real world? Who cares, we’re makin’ MONEY!!!!
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CletusVanDayum
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2y ago
The time and energy used in securing the bitcoin blockchain is what gives it value. Massive mining rig facilities consuming massive amounts of excess electricity, that us the proof of work that gives each bitcoin value. And people are willing to pay for that store of value.
Everything that came after has been a copycat, at best, and is not worth investing it. Stick with bitcoin (or Lightning for small amounts on a daily basis).
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[deleted]
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2y ago
I understand the technology well enough to know that yeah it’s not physical money but computers were required to mine each bitcoin on the blockchain, via complex mathematical equations. The value lies on the fact that it’s decentralized, transparent, and no middlemen when sending BTC. The BTC network is secured via encryption. Although I 100% agree that it isn’t easy to learn as an outsider who may be entering BTC today.
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Important-Skill-4322
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9mo ago
chatgpt is ur friend.
Yeah it is weird how are they making it so hard to understand and to use. How is crypto not scam?
"
I mean if you would try to read a lot about programming I bet you also wouldn't understand much ... what can I say, not all the complex things are meant for everyone.