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I have seen so many times in news stories that bitcoin mining reveals a series of new bit that make up a bitcoin, or that a bitcoin is just a series of bits. B
by Lerc 13y ago
I have seen so many times in news stories that bitcoin mining reveals a series of new bit that make up a bitcoin, or that a bitcoin is just a series of bits.
Bitcoin is a ledger, that ledger is public. The columns are labelled with things like 17Zsi2TiKrZoAoaQ7bzt3wPB5NZV1T4KeE, That column _is_ the bitcoin in your wallet. You need to have a password to move something out of your column and into another. That's the private key to your wallet.
Most people understand ledgers. Most of the misunderstandings about bitcoin (especially regarding anonymity) indicate that people don't realise that bitcoin is a ledger.
- drivebyacct2 13y agoHaha, even here, misinformed (often angry) comments are directed at Bitcoin supporters that align precisely with what you're saying. Some of the accussations are simply flat out incompatible with an open/public ledger, let alone getting into anything Bitcoin specific. And that's despite stuff like this being posted repeatedly. In fact, this is a repost from like ~~2~~ 10 days ago, isn't it? ( https://news.ycombinator.com/item?id=5796935 https://news.ycombinator.com/item?id=5796935 )