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all right, in this video, we're going to discuss a brief history of crypto.

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now this is important to understand where crypto kind of started and where it's heading.

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obviously not entirely important for the overall core content of this course, but it's good to know.

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to really understand crypto, you need to take a look back and how it started and where is it at today.

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you're probably very familiar with crypto.

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you're taking this course right now, so you have some interest in it.

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but let's see how it sort of 1st began.

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crypto as a concept, electronic cash systems as a whole really started in the 1980s.

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things like debit cards and credit cards kind of count towards electronic cash systems as well, although those came a bit before.

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and then bitcoin, obviously the most popular cryptocurrency was 1st created around 2008 by an anonymous user satoshi nakamoto.

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and nobody to this day knows who satoshi nakamoto was, whether it was a single person or a group, but they do currently hold in their wallet a lot of bitcoin that has never been released.

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and that sort of started the gold rush as it were for crypto.

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the genesis block of bitcoin itself was mined in 2009. and new coins started to follow several years later.

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litecoin comes out, ripple, xrp, ethereum.

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and of those three, you're probably most familiar with ethereum becoming one of the most popular due to its flexibility, smart contracts, and more.

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and in 2014, one of the ones we will get familiar with in this course is monero.

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it was a fork of the original coin bytecoin.

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and it really focuses on privacy 1st features compared to bitcoin, ethereum, which don't focus on privacy so much as usability, while monero kind of balances both.

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and from 2016 onward, initial coin offerings or icos became really popular and you see the large rise in sort of scams related to crypto coins.

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the most recent one as of recording this course is the most popular hawk to a coin, a classic rug pool, much like many other icos.

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so it's best to stay with the tried and true coins like bitcoin, ethereum, monero.

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new coins generally should be seen as extremely risky unless you're confident in the underlying technology, you're investing in what they're building, rather than just trying to make some money.

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but that is a brief history of crypto just to cover our basics.

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so you understand sort of the path where we got to crypto today with bitcoin really being the one that paved the way.

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and one of the most popular ones used when it comes to scams, ransomware, the dark web, or just any crypto.

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it's one of the most popular ones.

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but monero is the more privacy focused one.

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and we'll be handling a lot of discussion around monero throughout this course.

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in the next one, we'll talk about how blockchains actually work at a fundamental level, and then we'll keep diving into the technology of crypto to understand them better.