Video Transcript

History is written by The Victors and what that means is that throughout all the different civilizations that have risen or Fallen the person that got to decide what is the truth and what is the historical facts has somewhat been Twisted but this is very different in terms of Bitcoin because with Bitcoin

History is written by The Victors every 10 minutes and once it’s set it cannot be changed you can think of Bitcoin miners as fighting a computational battle to put the next block in the chain if the minor finds a block they decide what transactions go in that

Block and thus they earn the fees and the reward once that is locked in space and time it cannot be changed because it would cost a lot of energy to change that block and so everyone’s racing to find the next block in the chain and

They get to hold the pen of the Bitcoin accounting system for only 10 minutes history is written by The Victors every 10 minutes