Friday, May 9, 2014

What kind of video about Bitcoin I would enjoy to see



Okay, maybe writing this on Reddit isn't the greatest idea, but I'm usually repeating myself constantly and this is not the only place where I shared my idea.

I already proposed this idea to Khan. Now I want to propose for anyone who may be more closer to video editing than I am.

The whole video will show some explanation which original videos and existing videos on YouTube miss.

1) First of all I would start with explaining Bitcoin basics, then my main idea is comparing Bitcoins to some geometrical surface. There's some comparison which I always use for Bitcoin - if you would purchase 100 bitcoins it would almost equal to purchasing some significant amount of New York lands 300 years ago.

2) Also its pretty easy to compare Bitcoin to real estate - it is like dividing huge properties to use each valueable parts and provide it to belong to one owner. You can purchase any amount of it.

3) Some people have difficulty understanding where's the value comes from - but at the same time they have no problem with understanding where does the value comes from for any little Manhattan apartment which has 10 times more cost than any other same sized apartment downtown. The same thing about Bitcoin - Bitcoin is one space where we rent some limited amount of space which is once taken can't be taken by anyone else. And since Bitcoin is 1 space, then more people will want to live in that virtual space, less space available, more money needed to buy existing spaces.

Now imagine that this concepts could be beautifully displayed in a video, right? You can do it. Do ett blizz. You can do ett.

1) In the same video then you could explain such things as that lottery - also geometrically shown how does it work. People love to see physical things, some mechanisms and how they work are best of all depicted in geometrical forms - that's hwy I'm so eager to see this kind of video, which will explain everything. That kind of video I needed myself when I spent nights to understand what Bitcoin finally is.

2) Also it would be awesome to depict how the personal wallet file key works - so that people would never confused account systems versus cryptography based protection. This moment could be depicted in a detailed view - I would show how Bitcoin uses encoded address to scan the whole blockchain from the beginning of times for seeing which inputs belongs to the wallet which is searched. This process just must be depicted somewhere in such way that kids would understand the fact that if you don't holding that secret key (encrypted wallet.dat with your password), then you can't touch those blockchain inputs which once belonged to you.

3) And finally in such kind of video I don't want to confuse audience with such technical term as "mining" - in that kind of video I would just describe that miners will get only % per overall Bitcoin revenue, by outlining the fact that miner's income isn't unlimited, in fact, its strictly limited by the system, and system design is so awesome that it lets miners to be rewarded in an internal currency - in Bitcoins.

I just really wanted to see such simple video which gives people idea how the Bitcoin market works.

0 confusion. Understandable for everybody, once and forever.




My letter to Khan Academy:
C'mon, Khan you know that we're all expecting you to make more Bitcoin videos of the other level. How about making some explanatory video in a kids style like (by showing visually limited amount of the Bitcoin money) "Here's the digital blocks that we need to protect with the keys, imagine that this geometrical room is all of the world Bitcoins - now look - if somebody claims to have 1 million of BTC, that takes too much space" - or you can use examples as an earth, to explain that purchasing 100 BTC is like purchasing New York city for cheap 300 years ago.

You know, something like that. We're like a kids - we don't need complicated stuff. At least sometimes make something simple.
Yeah, and I don't know anybody else who can explain Bitcoin geometrically better than you - like linking all the blockchain records together to show movement of money. That kind of video is needed for all those people who's having difficulties of understanding Bitcoin (that's the reason why they don't use it)

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