Why Nostr? What is Njump?
2023-03-18 18:04:31

Nyoro~n on Nostr: You don't sum utxos, you trace them back to their origin/Coinbase 🥹 perhaps become ...

You don't sum utxos, you trace them back to their origin/Coinbase 🥹 perhaps become more familiar with Bitcoin core before spouting nonsense

To validate supply, you trace utxos back to make sure transactions are recognized throughout the Bitcoin network as being legitimate -- meaning it was included in a previous block by performing work following consensus rules. The supply is validated when utxos are accounted for (utxos not accounted for would be fake Bitcoin), many nodes only account for their own wallet/utxos. Bitcoin allows anyone to do this because validation can be done independently from proof of work.
Author Public Key
npub1zwyrus8vrvv5pfj4lfmk44wnxajk56rk0959nqugzj9ewljk258sxpqlfd