Bitcoin Technology: Bitcoin for Developers Study Session #1
Channel: Saylor Academy
Date: 2023-02-01

This video is a supplement to Saylor Academy's CS120: Bitcoin for Developers, Unit 1: Introduction to Bitcoin Technology
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0:00 Introduction
1:38 Unit 1 topics
2:12 What we'll focus on today
4:20 What are the components of Bitcoin?
5:18 The P2P Network
10:02 The blockchain data
15:29 Ledger entries
18:19 Nodes and their roles
23:40 Reaching consensus
36:11 A balance of power
36:27 Who controls Bitcoin?
37:23 What does it mean for Bitcoin to be "open"?
38:41 Bitcoin communities
42:41 Why can't developers control Bitcoin?
45:26 Why can't miners control Bitcoin?
49:13 Why can't wallets control Bitcoin?
50:17 Why can't exchanges control Bitcoin?
52:39 Incentive engineering
53:48 Question time