I found this article to be really helpful in understanding how Bitcoin works. http://www.michaelnielsen.org/ddi/how-the-bitcoin-protocol-actually-works/ http:/

I found this article to be really helpful in understanding how Bitcoin works. http://www.michaelnielsen.org/ddi/how-the-bitcoin-protocol-actually-works/ http://www.michaelnielsen.org/ddi/how-the-bitcoin-protocol-a... When I finally came to the realisation about what mining is actually doing and why it's necessary to reward miners (it actually keeps the entire network secure): mind = blown.