Bitcoin mining is a lot like reindeer mating 🪙💖🦌

2021-12-24

[public] 178K views, 9.08K likes, dislikes audio only

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Bitcoin and other blockchain technologies, like NFTs, work a lot like reindeer mating.

LEARN MORE

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To learn more about this topic, start your googling with these keywords:

- Bitcoin: a digital currency known as a cryptocurrency, which uses a proof-of-work consensus to validate transactions and create new units of Bitcoin.

- Proof-of-work: a decentralized consensus mechanism that requires members of a network to expend effort solving an arbitrary mathematical puzzle to prevent malicious activity

- Blockchain: a record of transactions made in Bitcoin or another cryptocurrency maintained across several linked computers, which can also be used in non-cryptocurrency applications

- Mining: the process of validating transactions and creating new Bitcoin or other cryptocurrencies

- Sexual selection: a form of natural selection driven by competition between members of a species of one sex for access to mating partners of another sex that favors certain characteristics

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Julián Gustavo Gómez (@TheJulianGomez) | Script Writer and Narrator

Ever Salazar | Director

Aldo de Vos | Illustration, Video Editing, Animation, and Music

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REFERENCES

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Antonopoulos, Andreas M. "Mastering bitcoin." (2019)

Brennan, P. “Sexual Selection.” (2010) Nature Education Knowledge 3(10):79 https://www.nature.com/scitable/knowledge/library/sexual-selection-13255240/

Cambridge Bitcoin Electricity Consumption Index (CBECI), University of Cambridge, https://ccaf.io/cbeci/index.

de Vries, Alex. “Bitcoin Energy Consumption Index.” Digiconomist, 6 Nov. 2021, https://digiconomist.net/bitcoin-energy-consumption.

Goss, Richard J. Deer antlers: regeneration, function and evolution. Academic Press, 2012.

Panko, Ben. “Go Big or Go Generic: How Sexual Selection Is like Advertising.” Smithsonian Magazine, Smithsonian Institution, 6 Dec. 2016, https://www.smithsonianmag.com/science-nature/either-go-big-or-go-generic-how-sexual-selection-advertising-180961311/.