I think the shared ledger analogy is meant as a simplification for the general public. I did the same thing in my explanatory article two years ago: http://zen.

I think the shared ledger analogy is meant as a simplification for the general public. I did the same thing in my explanatory article two years ago: http://zen.lk/2013/11/28/how-i-finally-understood-bitcoin/ http://zen.lk/2013/11/28/how-i-finally-understood-bitcoin/