Video Transcript

somebody asked me so Jake what happens if I send the wrong amount of Bitcoin or even to the wrong address well the answer is you’ve lost it and the reason for this is Bitcoin was introduced to the world as peer-to-peer money now it’s something that gets very lost in the discussion but here’s the thing peer-to-peer money means that if you have a dispute with another person there’s no third person in the middle to settle that dispute because if we had the ability to change a transaction that we’ve already made in the past on the network that means we have to place somebody in control of rewriting the history and that is exactly what we want to move away from we want to be able to embed and lock history in a block and start working on the next block and that embeds a series of 10-minute truths for a truth of forever now that sounds a bit wishy-washy but the whole point of this is we have a Bedrock to build everything else on top of that’s Bitcoin