Bitcoins are stored in addresses on the blockchain.
In the analogy from yesterday…
The money was backed by grain. Users of the money trusted they could return their paper or coins for grain, because the money (notes and…
There are many strengths, but the biggest flaw I have discovered is how difficult it is to explain. I’m sure some people have a succinct elevator pitch or a well written tweet on the topic, but I have found that to properly explain…