Damus
BtcPins · 48w
Bitcoin units are those 2,099,999,997,690,000 things that the software creates and verifies the movement of. It's not a unit of measurement.
waxwing profile picture
No, there is no such thing as "a bitcoin" or "a satoshi", in the software, in memory on your computer, or in the protocol. This is actually crucial, and not just semantics. If each satoshi were an actual thing, then they could be traced from inputs to outputs. All that exists is an accounting mechanism of (output measured value - input measured value).
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Matt πŸ›Έ · 48w
Great point.
OBSERVANTAPE · 48w
Forgive my ignorance, is this essentially highlighting. That it’s a ledger system and not a token system?
Kortik πŸ‡¦πŸ‡² · 48w
Exactly they are no 'coins', no 'notes', no 'currency units'. There is only a chain of digital signatures. There is no issuance of currency. When a new block is found a new special digital signature is created. The signature announced publicly to anyone who will listen. They are no wallets becaus...
KotlinGeek · 48w
Reification :)