a source familiar with the matter on Nostr: "Something" Let me stop you right there Bitcoin is not some thing. The accounting ...
"Something"
Let me stop you right there
Bitcoin is not some thing. The accounting units don't exist even in computer memory - only the block chain & UTXOs exist. When you "send" me 5 sats (pretending this is on-chain) you are creating a new UTXO and invalidating the old. So there is no "thing" which is sent, or scarce, or immune to counterfeit.
Published at
2023-09-22 14:03:15Event JSON
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"content": "\"Something\"\n\nLet me stop you right there\n\nBitcoin is not some thing. The accounting units don't exist even in computer memory - only the block chain \u0026 UTXOs exist. When you \"send\" me 5 sats (pretending this is on-chain) you are creating a new UTXO and invalidating the old. So there is no \"thing\" which is sent, or scarce, or immune to counterfeit.",
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