Post
Topic
Board Bitcoin Discussion
Re: What is the actual point of the many working parts of Bitcoin/blockchains?
by
SillyWallet
on 10/03/2021, 20:38:17 UTC

Perhaps rows and rows of text to read isn't how you learn best. If you're more of a visual or auditory learner, then this might help:

https://www.youtube.com/watch?v=bBC-nXj3Ng4

3B1B is soooo good, his was one of the first videos I watched back in the day on the topic!! If you know more like him, let me know, he is a king in my book!

its not just a 10minute relay race of first passed the finish line
the winner also has to pass a drug test to make sure there is no nasty stuff(bad transactions) inside their body(block)

the first winner with a clean test(transaction list) result is accepted.

everyone then keeps that list(result) and memorialises it. and then the next race begins

a malicious miner at race 2 who wants to edit the results of race 1. has to run race 1 and then do race 2
but by that time malicious miner is at race 2 honest racers are on their 3rd race. so the malicious runner has to run 2x speed to catch up

it costs alot to run 2x the number of systems as the network. so he better be sure he can win and not get caught if he hopes to take the lead and get himself declared the new victor of the last few races and previous victors declared void

This.... makes an awful lot of sense to me. I'm not sure I am quite there, but this makes me think of it in a more compact and meaningful way, thank you! Could you perhaps elaborate on the metaphor? I may also have uestions based on that metaphor, but I need to chew on this a bit...