“Pro-Life” State Locks Up Pregnant Woman Then Put Her In A Disgusting and Dangerous Cell

“An Alabama jail incarcerated a pregnant woman for months after she said she smoked pot, refusing to release her unless she entered drug rehab.

The woman incarcerated in Alabama, 23-year-old Ashley Banks, said she was incarcerated at around six weeks into her pregnancy, according to a Wednesday report by AL.com. After six weeks of being jailed, she started to bleed and continued to do so for another five weeks, AL.com reported. She was forced to sleep on the floor due to overcrowding, she said, even after being diagnosed with a condition that heightened her risk of miscarriage.

Specialists repeatedly ruled that Banks didn’t qualify for free addiction services, leaving her unable to go to rehab.

“I have reckless murder cases where defendants have been released on bond,” said Banks’ attorney Morgan Cunningham, AL.com reported. “Requiring her to go to rehab is not Constitutional.”

 

How Peter Thiel Thinks: Anti-Mimetic & Contradictory

In the course of my many interviews with Thiel for my book Conspiracy I would observe his extraordinarily sharp mind in action. There are a few things that are worth pointing out.

First, one of the most profound intellectual influences on Peter Thiel is a French thinker named René Girard, whom he met while at Stanford and whose funeral he would eventually speak at. If you haven’t heard of his work, he is famous for his theory of mimetic desire, which holds that people have no idea what they want, or what they value, so are drawn to what other people want. A more crude way to say it is that you don’t have any real preferences and desires of your own, and you are always looking at others. It’s this, Girard says, that is the source of almost all the conflict in the world—people wanting the same things. In one way, this would forge Thiel’s modus operandi: shun social convention and think from first principles. People say that Thiel is “contrarian” but it’s more accurate to say he is anti-mimetic.

I mean, take a look at the unique path he has shaped for himself, and I will focus on his earlier days here. In some ways it is very traditional and highly competitive with other people— from Stanford to Stanford Law to judicial clerkship to a high-powered law firm—but it is also marked by bouts of rebellion and doing the opposite of “what he is supposed to do.” At Stanford he created and published a radical conservative journal called The Stanford Review, then he wrote a book that railed against multiculturalism and “militant homosexuals” on campus despite being both gay and foreign born. His friends thought he might become a political pundit. Instead he became a lawyer. Then one day, surprising even himself, he walked out of one of the most prestigious securities law firms in the world, Sullivan & Cromwell, after seven months and three days on the job. All these are examples of his decisiveness to make his choices based on first principles—not how you’re supposed to do things but what is true.

Second, another interesting method in his intellectual toolkit, is that he uses the Steel Man technique when arguing or explaining a complicated issue. This surprised me given that he had taken to calling Gawker, the website that outed him as gay, terrorists and such. But really, he was always very open-minded when it came to discussing things. For instance, if you ask Thiel a question—about Gawker or Trump or whatever—he doesn’t just pull up some half-formed opinion. Instead, he begins with, “One view of these things is that . . . ,” and then proceeds to explain the exact opposite of what he happens to personally believe. Only after he has finished, with complete sincerity and deference, describing how most people think about the issue, will he then give you his opinion, which almost always happens to be something radically unorthodox—all of it punctuated with liberal pauses to consider what he is saying as he is saying it.

Thiel seems to eschew social media and most popular culture as well. A friend would say that Thiel is averse to “casual bar talk” and I think part of the reason for that is that he is not well versed in the topics that typically make up those conversations. In one of our meetings I made an observation about how the HBO show Girls gets much more media attention than the the CBS show The Big Bang Theory even though the latter has a much, much larger audience than the former. This observation fell flat because Thiel was not familiar with either show. However, when I mentioned an obscure chapter in Machiavelli’s Discourses on Livy, Thiel could cite it from memory and discuss at length. The same went for the Battle of Valmy, an early episode in the French Revolution. This is because Thiel is extremely well-read and again, tends to focus on talking about and thinking about deep, obscure topics rather than superficial, trivial matters.

It could also be said that Thiel’s default state is to embody contradiction. Even when he does describe his opinion, he prefaces it with “I tend to think . . .” or “It’s always this question of . . . ,” as if what he is about to tell you is simply capturing where his opinion falls the majority of the time when running a thought exercise on the topic, as if he is always in the process of deciding what he thinks. Doing so is what makes him such a brilliant investor, considering each trade and investment anew from a dozen perspectives, seeing what others aren’t able to see and to do it on a regenerative basis. A friend would say that “Peter is of two minds on everything. If you were able to open his skull, you would see a number of Mexican standoffs between powerful antagonistic ideas you wouldn’t think could be safely housed in the same brain.”

All these traits combine to make someone who is not only traditionally intelligent, but also unique and singular in his views on the world. He once told Wired that, “The things that I think I’m right about other people are in some sense not even wrong about, because they’re not thinking about them.” That’s a good encapsulation of Thiel’s approach. He’s smart because he thinks about the things you and I aren’t thinking about, and thinks about them in a way we likely wouldn’t.

My new book Conspiracy: Peter Thiel, Hulk Hogan, Gawker, and the Anatomy of Intrigue, which the New York Times raved about, is out now. Not only is the book an epic page turner, it’s designed to be a deep meditation on strategy and power inspired by the decade-long conspiracy engineered by the billionaire Peter Thiel to take down Gawker. Order your copy now.

Why Louisiana Stays Poor

With all Louisiana’s wealth in natural resources and industry, WHY DO WE STAY SO POOR?

Comments

Wow, as an outsider (not from Louisiana) I’ve visited the state numerous times, and the impression is always the same—shocking poverty and decay. I’ve always thought of Louisiana as an under-developed state that has just been passed-by the 20th & 21st Centuries. To learn that economically, it’s a very wealthy state with huge economic production and growth from which residents are deriving little to no benefit SCREAMS exploitation. This is a clear lesson in the vital importance of taxes and how they are used.

 

I am a native Louisianaian. If the people would stop electing and re-electing corrupt politicians we could be such a better state. Louisiana is a fantastic state but corruption has ruined us.
I remember working at a hotel when I lived in New Orleans and met a man from there that had moved to Colorado. He told me prior to moving to Colorado he never left Louisiana and thought it was the best state ever. He then said “I got so use to seeing the clean interstates and meeting nice people in Colorado, I came back here to visit 3 years later. I looked around and realized this is a NASTY ass city with no opportunities I can’t believe I stayed here most of my life”. He was happy he left and at that moment I started a plan to leave. I’ve been gone for 4 years and never going back.
The world’s shortest book is entitled “A List of Honest Louisiana Politicians.”
This is why I moved to Texas 16 years ago. EVERY citizen in Louisiana needs to see this. Thank you so much for making this video.
This is absolutely amazing I live in Louisiana and I am one paycheck away from being homeless and corporations get away with murder this absolutely sickens me
“If the wealth of a nation is mostly dug out of the ground, it is a terrible place to live, because a gold mine can run with dying slaves and still produce great treasure.” -CGP_Grey [Rules for Rulers] Corollary: Great places to live are founded on the economic strength of happy productive citizens.
Great video. Another thing to keep in mind is Louisiana has some of the highest sales tax rates in the country, and they are high partly to make up for the lost property tax revenues. Sales taxes hit the poorest the hardest.
I cried watching this. I was born and raised here. I’ve watched my friends and family vote consistently for politicians who sell them out. They worship Industry and Big Oil, they think bending over & letting the big companies have their way is the only path to economic opportunity. I have such a deep connection to this land, such a love and appreciation for it, but I just can’t be here anymore. I can’t watch the thing I love and cherish be ripped apart and torn asunder so greedy politicians and corporations can glean every last drop of wealthy we have.
I’ve lived in Gonzales, Louisiana my entire life. I can count on one hand the times I’ve left the state longer than 48 hours in my 21 years. Honestly until seeing this video I’ve felt very optimistic about living in this state, and have always wanted to come back home anytime I leave. I grew up thinking we were one of the best states because the amount of plants ascension pairsh, and neighboring parishes have to then see/hear all of this. It’s a real slap in the face, and we all deserve better. If it wouldn’t for me honestly not having the means to leave, and how much I love my community I’d leave. The other states I’ve been too not every so I don’t know for sure the people aren’t as kind, nore hospitalitie as us in Louisiana are. My take on all of this is that we as citizens of this great state need to fight for our share of what WE ALL put in with taxes. Let’s not forget the men, and women working the plants who have some pretty dangerous jobs who are nothing but numbers. Finally how about all of us who don’t work in that industry? We have the Devine “privilege” of breathing, smelling, and for some living in such close proximity to them all. For that alone we deserve some sorta system related to Alaska where it’s citizens get a percentage of the revenue in OUR pockets, and more importantly that these multi billion, maybe trillion dollar companies pay AT LEAST a fair share of the property value/profits!!!!
Great video… I went to school in Louisiana, now living in Texas. I’ve always been amazed at the stark contrast in infrastructure… as soon as I cross the border from Texas into Louisiana, the roads are noticeably inferior. I’ve never been able to explain this, since both states have similar natural resources… this video makes sense. Thank you for doing this.
As an immigrant I feel this video resonating with the reasons we leave our counties, it’s not because we are land poor without the beautiful riches nature has to offer but because they are poorly managed and hoarded by a small corrupt few. Louisiana looks more beautiful, and I regret not going out during the reconstruction after Katrina and offering my little grain of sand when I had the chance.
And don’t forget Louisiana’s “cancer alley”, where the rates of cancer are significantly higher than the national average. This is so bad that it was used as a case study in one of my environmental courses for how bad out of control pollution can get.
I’m from western New York and this just stuns me. I thought the disparity and corruption is bad here but it doesn’t hold a candle to this. I hope the people of Louisiana get justice and a properly funded future!
it’s amazing that corporations can be exempt from property tax but that individual’s homes cannot.
My uncle served in the Air Force in Louisiania and absolutely loved that state, but he was shocked by the poverty and the rampant corruption.
This was an outstandingly professionally produced video.
As someone who works in data, great job keeping this data driven and factual and not based on “Feelings”. Its very easy to follow your research and understand a cause and effect relation. I’m not from Louisiana but I’m from another “traditionally poor state” – Michigan and I think some of the problems you face are some of the same ones we also face. I hope your politicians can turn it around.
It wasn’t until I moved away from Louisiana that I realized how bad the situation was there. I love my people, but it is too hard for me to see them taken advantage like this and just roll over for it. All of this wealth rightfully belongs to the people of Louisiana, but they don’t even realize it. Honestly, once my mother passes away, I probably won’t ever return to the state. It’s too heartbreaking for me.
As a foreigner living in the US, I’ve always wondered why the “South” is always so poor. This explains so much. Thank you for explaining this.
So glad to know you exist and are fighting against these inequities with great skill, and showing some results! It gives me hope for the state where family and friends still live. I left Louisiana decades ago for college out of state. I saw how other states operated and never seriously considered returning. I sadly began to see Louisiana a a state operating much like a Central American kleptocracy, but embedded in the US. Even the most corrupt other states had nothing on Louisiana.
This is absolutely terrifying. I honestly wonder if Louisiana’s natural resource infrastructure and tax exemptions are part of the reason why school privatization was pushed so hard in New Orleans after Katrina hit.
I’m German, could care less and stumbled upon this video by accident – but my God did they do a good job in presenting this!!! One of the best visualizations and presentations I’ve ever come across and I work in white color automotive. Congratulations! Hope this had the wanted outcome and the situation has gotten better for the people …
I tend to be one of the last to support a tax increase, and being Louisiana, my initial thought was of corruption and levee funding being diverted. But this is a very solidly argued point that Louisiana went way too far in practically exempting industrial properties from property taxes. Then my next reaction was that there was no way the political fight would be won so I was pleasantly surprised to see the progress shown at the end. Congratulations to you guys for helping to create a significant improvement in public policy! Now I hope the money will be well-spent.
With those property tax exemptions, there’s also the point of them not paying for services and public right of ways that they need to operate. More dense development typically is the only property that returns more than it costs cities to maintain. This means not only are the urban poor subsidizing suburban development, but they’re subsidizing the giant corporations they work for. And they’re not even paid a fair living wage to begin with due to deregulation.
Let me just take a wild guess and say that practically everything has gotten worse and almost nothing has gotten better for Louisiana residents since this video was produced. Get out while (if) you still can. I’ve struggled here my whole life and I’ve finally had enough. I’m selling my possessions and moving away with whatever fits in my beat up 90’s car as soon as I can manage it, and I will never look back.
I’m from Mississippi, a genuinely poor state with poor natural resources and high corruption – not so much on the corporate-political level, but rather internally to our politics. Both sides of the government participate in these practices, and its no wonder that our state remains poor. Whenever I cross over into Louisiana, however, I’m always shocked at how destitute things are. Like this video states, there are so many reasons that Louisiana should be one of the richest states in the United States, and I’ve been aware of them for a long time. It’s baffled me for years that a state so strategically placed and rich in natural resources could possibly be on a level of poverty like Mississippi. Now I know why, and it breaks my heart to see a state that could be so prosperous falling to corruption and poverty that has no business being in it. Unlike Mississippi, there is no excuse for Louisiana to be at the bottom. I sincerely hope this changes.
You think those good ol’ boys on the state board might be getting some kick backs from all those tax exemptions they hand out so freely ?
Having lived in Alaska, where every citizen received a yearly dividend from investment of oil lease fees, this is sickening to hear. Louisiana should be one of the most flush states in the nation if it weren’t for trickle-down economics and tax breaks for the wealthy. The impact of these industries should be beneficial to the area not debilitating. The bottom line is that the people of the state of Louisiana are paying (or losing out on) the taxes that should be spread out to all the consumers. Good luck to all in Louisiana, I hope you finally get this corrected.
“No one will really understand politics until they understand that politicians are not trying to solve our problems. They are trying to solve their own problems – of which getting elected and re-elected are number one and number two. Whatever is number three is far behind.”
OMG, I had no idea how bad this was. I lived in New Orleans, Louisiana for 10 years. I actually left because of lack of opportunities, widespread poverty and lackluster healthcare system. I also knew that my life expectancy would go down drastically if I stayed. I did develop endocrine health issues during and and immediately after living there. It took 10 years to figure out what was wrong with me. My DNA may have been predisposed to these problems, but maybe they may never have come up if I never lived there.
This could also be useful to show to the decision makers in most other states if nothing else to show what not to do.

Let’s talk about the people Trump doesn’t know….

0:00
well howdy there internet people it’s bo
0:02
again so today
0:04
we’re going to uh talk about how trump
0:07
doesn’t know these people
0:09
you know
0:11
it’s a common refrain
0:13
many of the people who criticize him
0:17
when
0:18
their
0:19
criticisms become public
0:21
he says he doesn’t know him
0:23
never knew her never met him coffee boy
0:28
right and his base buys this
0:33
and
0:35
the thing is
0:37
i feel like by this point they should
0:38
know
0:39
that this is just how he disavows people
0:41
and throws them under the bus and he did
0:43
it to them
0:47
what happened on the sixth
0:50
his base will call legitimate political
0:52
discourse
0:53
a tourist visit
0:55
a protest
0:57
what did trump call it
0:59
a heinous attack
1:06
because it could have came back on him
1:08
right
1:10
looked bad on him so he disavowed it
1:13
tried to move away from it
1:17
to uh the people who were there
1:19
you know the people wearing like all the
1:21
maga stuff
1:23
very much
1:24
his supporters his movement what did he
1:27
say
1:28
you will pay
1:31
you
1:32
do not represent our movement
1:36
you do not represent our country
1:41
those people
1:42
that now
1:43
he’s pretending that he cares about
1:45
because it’s good for him politically
1:47
the day after
1:48
they weren’t his people he didn’t know
1:51
them
1:52
never met him right
1:55
certainly didn’t encourage them
1:58
to go to the capitol
2:00
didn’t say that he was going to walk up
2:02
there meet him there all of that stuff
2:06
they went under the bus just like
2:07
everybody else
2:09
it’s what he does
2:11
this is how he disavows people it’s how
2:14
he
2:15
separates himself
2:17
from his mistakes
2:20
and lets other people pay for them
2:25
so many people
2:28
going out of their way to try to show
2:30
loyalty
2:32
to the former president
2:35
when
2:38
it will never
2:39
be returned
2:42
even those people
2:44
willing to put themselves at risk
2:48
those people willing to quite literally
2:51
stand on the front lines for him
2:54
those people
2:56
willing to be in custody for him
3:02
they’re not part of his movement
3:06
and they became not part of his movement
3:09
as soon as he uh no longer had a use for
3:12
him
3:14
anyway
3:15
it’s just a thought
3:17
y’all have a good day

Comments

Trump was initially unpredictable because he didn’t act like a normal politician—or human being—but once you get that he doesn’t act like a normal human being, he’s surprisingly predictable.

 

 

Trump was initially unpredictable because he didn’t act like a normal politician—or human being—but once you get that he doesn’t act like a normal human being, he’s surprisingly predictable.

The Supreme Court is laying the groundwork to pre-rig the 2024 election

Six Republicans on the Supreme Court just announced—a story that has largely flown under the nation’s political radar—that they’ll consider pre-rigging the presidential election of 2024.

Republican strategists are gaming out which states have Republican legislatures willing to override the votes of their people to win the White House for the Republican candidate.

Here’s how one aspect of it could work out, if they go along with the GOP’s arguments that will be before the Court this October:

It’s November, 2024, and the presidential race between Biden and DeSantis has been tabulated by the states and called by the networks. Biden won 84,355,740 votes to DeSantis’ 77,366,412, clearly carrying the popular vote.
But the popular vote isn’t enough: George W. Bush lost to Al Gore by a half-million votes and Donald Trump lost to Hillary Clinton by 3 million votes but both ended up in the White House. What matters is the Electoral College vote, and that looks good for Biden, too.
As CNN is reporting, the outcome is a virtual clone of the 2020 election: Biden carries the same states he did that year and DeSantis gets all the Trump states. It’s 306 to 232 in the Electoral College, a 74-vote Electoral College lead for Biden, at least as calculated by CNN and the rest of the media. Biden is heading to the White House for another 4 years.
Until the announcement comes out of Georgia. Although Biden won the popular vote in Georgia, their legislature decided it can overrule the popular vote and just awarded the state’s 16 electoral votes to DeSantis instead of Biden.
An hour later we hear from five other states with Republican-controlled legislatures where Biden won the majority of the vote, just like he had in 2020: North Carolina (15 electoral votes), Wisconsin (10), Michigan (16), Pennsylvania (20) and Arizona (11).
Each has followed Georgia’s lead and their legislatures have awarded their Electoral College votes—even though Biden won the popular vote in each state—to DeSantis.
Thus, a total of 88 Electoral College votes from those six states move from Biden to DeSantis, who’s declared the winner and will be sworn in on January 20, 2025.
Wolf Blitzer announces that DeSantis has won the election, and people pour into the streets to protest. They’re met with a hail of bullets as Republican-affiliated militias have been rehearsing for this exact moment and their allies among the police refuse to intervene.
After a few thousand people lay dead in the streets of two dozen cities, the police begin to round up the surviving “instigators,” who are charged with seditious conspiracy for resisting the Republican legislatures of their states.
After he’s sworn in on January 20th, President DeSantis points to the ongoing demonstrations, declares a permanent state of emergency, and suspends future elections, just as Trump had repeatedly told the world he planned for 2020.

Sound far fetched?

Six Republicans on the Supreme Court just announced that one of the first cases they’ll decide next year could include whether that very scenario is constitutional or not. And it almost certainly is.

Article II, Section 1 of the Constitution lays out the process clearly, and it doesn’t even once mention the popular vote or the will of the people:

“Each State shall appoint, in such Manner as the Legislature thereof may direct, a Number of Electors, equal to the whole Number of Senators and Representatives to which the State may be entitled in the Congress… [emphasis added]
“The Electors shall meet in their respective States, and vote by Ballot for two Persons … which List they shall sign and certify, and transmit sealed to the Seat of the Government of the United States, directed to the President of the Senate. The President of the Senate shall, in the Presence of the Senate and House of Representatives, open all the Certificates, and the Votes shall then be counted. The Person having the greatest Number of Votes shall be the President…”

It’s not particularly ambiguous, even as clarified by the 12th Amendment and the Electoral Count Act of 1887.

Neither mentions the will of the people, although the Electoral Count Act requires each state’s governor to certify the vote before passing it along to Washington, DC. And half of those states have Democratic governors.

Which brings us to the Supreme Court’s probable 2023 decision. As Robert Barnes wrote yesterday for The Washington Post:

“The Supreme Court on Thursday said it will consider what would be a radical change in the way federal elections are conducted, giving state legislatures sole authority to set the rules for contests even if their actions violated state constitutions and resulted in extreme partisan gerrymandering for congressional seats.”

While the main issue being debated in Moore v Harper, scheduled for a hearing this October, is a gerrymander that conflicts with North Carolina’s constitution, the issue at the core of the debate is what’s called the “Independent State Legislature Doctrine.”

It literally gives state legislatures the power to pre-rig or simply hand elections to the candidate of their choice.

As NPR notes:

The independent state legislature theory was first invoked by three conservative U.S. Supreme Court justices in the celebrated Bush v. Gore case that handed the 2000 election victory to George W. Bush. In that case, the three cited it to support the selection of a Republican slate of presidential electors.”

That doctrine—the basis of John Eastman and Donald Trump’s effort to get states to submit multiple slates of electors—asserts that a plain reading of Article II and the 12th Amendment of the Constitution says that each state’s legislature has final say in which candidate gets their states’ Electoral College vote, governors and the will of the voters be damned.

The Republicans point out that the Constitution says that it’s up to the states—”in such Manner as the Legislature thereof may direct”—to decide which presidential candidate gets their Electoral College votes.

But the Electoral Count Act requires a governor’s sign-off, and half those states have Democratic governors. Which has precedence, the Constitution or the Act?

If the Supreme Court says it’s the US Constitution rather than the Electoral Count Act, states’ constitutions, state laws, or the votes of their citizens, the scenario outlined above becomes not just possible but very likely. Republicans play hardball and consistently push to the extremes regardless of pubic opinion.

After all, the Constitution only mentions the states’ legislatures—which are all Republican controlled—so the unwillingness of the Democratic governors of Michigan, North Carolina, Wisconsin and Pennsylvania to sign off on the Electoral College votes becomes moot.

Under this circumstance DeSantis becomes president, the third Republican president in the 21st century, and also the third Republican President to have lost the popular vote election yet ended up in the White House.

This scenario isn’t just plausible: it’s probable. GOP-controlled states are already changing their state laws to allow for it, and Republican strategists are gaming out which states have Republican legislatures willing to override the votes of their people to win the White House for the Republican candidate.

Those state legislators who still embrace Trump and this theory are getting the support of large pools of rightwing billionaires’ dark money.

As the highly respected conservative Judge J. Michael Luttig recently wrote:

“Trump and the Republicans can only be stopped from stealing the 2024 election at this point if the Supreme Court rejects the independent state legislature doctrine … and Congress amends the Electoral Count Act to constrain Congress’ own power to reject state electoral votes and decide the presidency.”

I take no satisfaction in having accurately predicted—in March of 2020—how Trump and his buddies would try to steal the election in January of 2021. Or how the Supreme Court would blow up the Environmental Protection Agency.

Trump’s January 6th effort failed because every contested state had laws on the books requiring all of their Electoral College votes to go to whichever candidate won the popular vote in the state.

That will not be the case in 2024.

As we are watching, the Supreme Court—in collaboration with state legislatures through activists like Ginny Thomas—are setting that election up right now in front of us in real time.

We damn well better be planning for this, because it’s likely coming our way in just a bit more than two short years.

The Supreme Court is laying the groundwork to pre-rig the 2024 election
Six Republicans on the Supreme Court just announced—a story that has largely flown under the nation’s political radar—that they’ll consider pre-rigging the presidential election of 2024.Republican strategists are gaming out which states have Republican legislatures willing to override the votes of t…
Wikipedia:  Moore v. Harper (Case scheduled for Oct)

 

But how does bitcoin actually work? (2017)

The math behind cryptocurrencies.
Help fund future projects: https://www.patreon.com/3blue1brown
An equally valuable form of support is to simply share some of the videos.
Special thanks to these supporters: http://3b1b.co/btc-thanks
This video was also funded with help from Protocol Labs: https://protocol.ai/join/

Some people have asked if this channel accepts contributions in cryptocurrency form. As a matter of fact, it does:
http://3b1b.co/crypto
ENS: 3b1b.eth

2^256 video: https://youtu.be/S9JGmA5_unY

Music by Vincent Rubinetti: https://soundcloud.com/vincerubinetti…

Here are a few other resources I’d recommend:

Original Bitcoin paper: https://bitcoin.org/bitcoin.pdf

Block explorer: https://blockexplorer.com/

Blog post by Michael Nielsen: http://3b1b.co/crypto
(This is particularly good for understanding the details of what transactions look like, which is something this video did not cover)

Video by CuriousInventor: https://youtu.be/Lx9zgZCMqXE

Video by Anders Brownworth: https://youtu.be/_160oMzblY8

Ethereum white paper: https://goo.gl/XXZddT

 

Other Videos by video creator

 

Comments

this was awesome! I was having trouble on understanding the nodes vs. miners as well as the random number / difficulty adjustment but this totally cleared it up!
It’s an extremely information dense lecture. You have to watch portions of it again and again to grasp the underlying concepts. But once you’ve finished it, you feel so damn confident.
5 years later and I still comeback to this Blockchain explanation to check if my understanding, love it
You have no idea how much I’ve tried to find an article or video actually explaining how cryptocurrencies work. Everyone else just goes around with analogies. They probably don’t understand fully themselves. Thanks man.

 

This is the clearest video I’ve ever seen, and I still don’t get it.
10:00 “The history of transactions is the currency” interesting Edit: 17:30 I love how I now know what a block chain is, and it wasn’t as mind blowing as people on the internet made it seem. And I’m pretty sure blockchains are done in introductory coding courses. (Though not as complex). Edit 2: 18:25 so THAT’S why mining is profitable. I get it now. That circles back to the claim made ~10 mins in. Edit 3: 21:15 So, bitcoin ‘authority’, in essence, is computing power, and bitcoin ‘identity’ is the a blockchain made by the original owner? Great video. As you can see I am still shaky on complete understanding, BUT this was the only useful explaination of Bitcoin and crypto I’ve seen so far (for me). So I am greatful. and maybe this will lead me to understanding others.
Prior to watching this I didn’t really understand the link between mining and validating the transactions. Its quite interesting how the system can self-adjust to make sure that mining\validating is always profitable, and therefore even if there is a big crash in mining profitability it should just result in a slowdown of transactions until the system balances. I guess the issue is that there is a big problem if the coin is used for real large scale commerce\business that rely on guaranteed volume. If a large enough proportion of bitcoin transactions were for real vital goods and services, then a crash in mining profitability could drive he value to zero since the value would be much more tied to the amount of volume the system can handle. Lack of trust could continually inflate it, which would then continually make it harder to restore validation capacity. Volatility is an issue for real world business even if the overall trend is continually upwards. If I am correct, then it would suggest that bitcoin will remain a speculation asset and a store of value rather than a replacement for sovereign currencies?
at around 20:30, theyre discussing how it isnt viable for Alice to try to commit fraud because she cant out-compute the other miners on the network all by herself. could someone explain what would happen if a group of miners (that formed the majority of the network) decide to commit fraud together?
>>  It’s 100% possible. And in fact, the top 4 miners of bitcoin have more than 50% of the network’s total hashing power. However, if you have 50% of the total mining network’s computation, you’re probably better off using it to make ~$2.2 Million a day with honest mining than you to defraud a single individual.

 

>> the specific name for this scenario is a “50% attack”

 

 

The Future the Central Bankers Want (Bank of International Settlements Report)

📺Essential Videos📺

What The Central Banks Are Planning 👉 https://youtu.be/7Lu0uhrueWI
CBDCs vs. Cryptocurrencies 👉 https://youtu.be/Vb1Y760Sazc
BIS DeFi Regulation Requests 👉 https://youtu.be/CIRsEOBYxbA
FATF Cryptocurrency Recommendations 👉 https://youtu.be/nFSOfkalDK4
Blockchain Analytics Companies 👉 https://youtu.be/KR5_6uVBRDU
Assets Backing Stablecoins 👉 https://youtu.be/TxcTDNHSS-U
Best Crypto Wallets 2022 👉 https://youtu.be/4q8nK4XxmkA
Bitcoin Lightning Network Explained 👉 https://youtu.be/J3cQNpOR_a0
BIS Financial System Trust Report 👉 https://youtu.be/WnJbISKcsZU
Cryptos That Could Benefit From CBDCs 👉 https://youtu.be/fEifsVxio6Q

~~~~~

⛓️ 🔗 Useful Links 🔗 ⛓️

► All Central Bankers Meet at BIS: https://youtu.be/-KNHTwc5SXg
► BIS 2018 Cryptocurrency Media Briefing: https://youtu.be/NjBeZdattw8
► BIS June 2022 Cryptocurrency Media Briefing: https://youtu.be/obhognXTW34
BIS Future Monetary System Description : https://www.bis.org/press/p220621.htm
BIS Future Monetary System Full Texthttps://www.bis.org/publ/arpdf/ar2022…

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– TIMESTAMPS –
0:00 Intro
1:40 About The BIS
6:53 The Role Of Central Banks
8:32 The Monetary System
12:28 DeFi and Crypto Volatility
17:04 BIS Future of Finance
19:21 Wholesale and Retail CBDCs
24:17 Multi-CBDC Global Platform
26:37 Conclusion