Blockchain Expert Explains One Concept in 5 Levels of Difficulty | WIRED

Blockchain, the key technology behind Bitcoin, is a new network that helps decentralize trade, and allows for more peer-to-peer transactions. WIRED challenged political scientist and blockchain researcher Bettina Warburg to explain blockchain technology to 5 different people; a child, a teen, a college student, a grad student, and an expert.

Check out WIRED’s guide to blockchain:

Find out more about Bettina’s research at

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Blockchain Expert Explains One Concept in 5 Levels of Difficulty | WIRED

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About the Author: Stephanie Martin


  1. A blockchain expert is probably the stupidest area to ever focus in. It is based on a fundamentally flawed understanding of what ownership means. It is a brainchild of the incoherent ideology of Ayn Randian “libertarianism”

  2. This will be my 5th video on blockchain applications. So far I understood what is blockchain, and how it is created but I still don't get how it's useful/applied and more importantly why it is soo different & why is it actually needed, can we not do it. WTH! I still have to write a business report on this, especially in my major – Logistics.

  3. 1st mover disadvantage.
    Block chain may have a future but some CCs are more sustainable than others.
    Governments tolerate it for now as it paves the way for CBDC. But at some point that may change.

    "Bitcoin uses more than 7 times as much electricity as all of Google's global operations. One Bitcoin transaction can spend up to 1,200 kWh of energy, which is equivalent to almost 100,000 VISA transactions."

  4. I just wanna know if I should use it or not I heard that it was some type of scam but I wanna know how it works

  5. If you wanna be successful, you most take responsibility for your emotions, not place the blame on others. in addition to make you feel more guilty about your faults, pointing the finger at others will only serve to increase your sense of personal accountability. There's always a risk in every investment, yet people still invest and succeed. You most look outward if you wanna be successful in life.

  6. Electricity,
    Accounting records and tax auditing,
    Food distribution based on population,
    Livestock management,
    Distribution and logistics management, advertising and marketing analytics, even stock market and bonds could be uploaded onto the blockchain to make a fairer and productive society

  7. Please I need help, I lost tons of money on live trade, I
    thought is the same as demo trade because I was
    winning in my demo account. This is really frustrating
    and overwhelming. where do I start please?

  8. Never would have thought corona would have been the best thing ever to happen to crypto. Where will all these trillions flow into? MicroStrategies, Fidelity, more to come. Buy now or have regrets, the bitcoin and ethereum traders will take over 2022… you will only be a spectator as you have always been… Trade with Paulson Dmitriev, copy all his trades, use his signals and follow his teachings, that’s how to start winning.

  9. People like Paulson Dmitriev are hard to come by these days. I was in his last conference in Germany, he is such a great teacher. I enjoy his account management services it saves me time and let me focus on my job.

  10. My goal is to own 15 BTC before SANTA and follow up with the next halving, I currently owned 2.5 BTC and thanks to Paulson for helping me achieve that as I started trading using his method with just 0.4BTC.

  11. This seems like the old barter system where I trade you one cow for 15 bushels of wheat except that it is more secure and uses different technology. Also, although the title is in the blockchain, where is the product? Would help if it was explained with specific items displayed for the various steps.

  12. The crypto market is facing a key moment right now, in a very short time it's going to see a breakout to new record highs. This is a critical moment that every Investor needs to be aware of buying more with the current market trends, investing in bitcoin now would be a very smart move to make as it's going to sky rock soon….

  13. Predicting< a reversal of a trend is risky, and even worse, I believe there is more to this market than we understand currently. When people are losing, they don't aim to increase their average, but that can only change if you have a personal trade guide and signal provider like that of Paulson Dmitriev which has made me almost 3.5 on a 0.8 btc Trade capital over the last 10 months. Make the wise decision. Markets fluctuate in cycles that can last anywhere from a few days to several years. In the case of B -TC, it's difficult to make a bullish case simply from looking at the charts..

  14. she must have blinked about 2 times in 17 mins I will now tokenize this bizarre feat, and mint this as an NFT on the blockchainy thingie…🤣🤣

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