ben on Nostr: I’ve heard #bitcoin described as boxes, each with a key (or keys) to allow the ...
I’ve heard #bitcoin described as boxes, each with a key (or keys) to allow the owner to transfer or repack the contents. I think this analogy is pretty good, but I’d add another critical piece which is location. Imagining Bitcoin as boxes immediately leads one to think of a vault of deposit boxes at a bank. It’s better to think of the boxes as distributed throughout the universe. There are 2^256 (10^77) possible private keys, about the same number as atoms in the universe. It’s amazing to think that one can effectively stash their wealth in the combinatoric equivalent of a single atom in our vast universe.
Published at
2024-03-16 23:40:55Event JSON
{
"id": "7dc367084399b12d6f7e86bb9cd141f771ffbf26e40722f690513e3515d8ccab",
"pubkey": "d4b5b685ed59f44e7bce8412caabe6b74fa5b1f4de63277e9e394989ff6c00bb",
"created_at": 1710632455,
"kind": 1,
"tags": [],
"content": "I’ve heard #bitcoin described as boxes, each with a key (or keys) to allow the owner to transfer or repack the contents. I think this analogy is pretty good, but I’d add another critical piece which is location. Imagining Bitcoin as boxes immediately leads one to think of a vault of deposit boxes at a bank. It’s better to think of the boxes as distributed throughout the universe. There are 2^256 (10^77) possible private keys, about the same number as atoms in the universe. It’s amazing to think that one can effectively stash their wealth in the combinatoric equivalent of a single atom in our vast universe.",
"sig": "f7d0885ae704f138eaf6aac1149ba2144646982a8acd3be638d2cad8a0ec50a04affdbfd2fe0236ba61ac24afaa247d11f60945626d250e1da86517510966d41"
}
