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I can totally copy and paste a bitcoin. I may not be able to put it back in the same blockchain, which is a different issue, but if I only care about the bits
by insert_coin 6y ago
I can totally copy and paste a bitcoin.
I may not be able to put it back in the same blockchain, which is a different issue, but if I only care about the bits that make up the “coin” I can absolutely copy them. I could even copy the entire blockchain.
AND the problem is not with the token, you can own all the original tokens for an image you want, you still don’t have anything different than a jpeg.
- chrisco255 6y ago> I may not be able to put it back in the same blockchain Look, if you can figure out how to double spend BTC, go for it. There's $1 trillion on that chain right now just waiting for the first genius with a copy-paste button to come along and take it. It's not a different issue at all. A Bitcoin is not a thing you can copy. The UTXOs only exist on the chain and only mean anything in terms of the chain. > you still don’t have anything different than a jpeg. Yes, you do. You have verifiable providence of a unique digital signature (not unlike an autograph). You have a programmable, pluggable, leverageable, tradeable, asset that interacts seamlessly with hundreds of different applications (and rapidly growing).
- insert_coin 6y agoYou are confusing value with data. Copying the value is a different question, but I can copy the data all I want. > Yes, you do. You have verifiable providence of a unique digital signature (not unlike an autograph) You have a signature that a token is valid on the chain, cool. As long as it stays on the chain of course. But that’s all it is, it does not make one jpeg the original and another one with the same bits the copy.