Satoshi Nakamoto didn’t invent Bitcoin out of thin air. He pulled together decades of innovations: blockchain, digital signatures, peer-to-peer networks, proof-of-work and more. Satoshi added his own genius with incentives and the difficulty adjustment.

In this video, Austin walks you through the entire puzzle of Bitcoin, piece by piece, so you can finally understand why it works, why it can’t be stopped and why it’s one of the most important inventions in history.

Timestamps

0:00 – Intro: Satoshi’s Genius

0:22 – Blockchain (The Record)

1:35 – Digital Signatures & UTXOs (Ownership & Spending Rules)

3:51 – Peer-to-Peer Networking (The Communication Layer)

5:03 – Proof of Work (Consensus & Security)

06:37 – Difficulty Adjustment (Bitcoin’s Regulator)

07:35 – Incentives (Greed Becomes Security)

09:06 – Pulling It All Together (Why Bitcoin Works)

If you’ve ever wondered:

How does Bitcoin actually work?

What makes Bitcoin different from other digital money attempts?

Why is Bitcoin secure, decentralized, and unstoppable?

...this breakdown will give you the answers. 🧡