Satoshi proposed the p2p aspect of bitcoin to prevent the double-spend problem that other ecash attempts suffered from. So, that’s why you “need” the network. The p2p part is totally separate from how bitcoin is stored in a random place on the spectrum of possible addresses. Your knowledge of where your coin is on the spectrum is ‘your bitcoin’
But you can absolutely go hand someone a bitcoin by handing them a piece of paper with 12 words on it, or a private key to a single address.
So yes! Bitcoin is backed up and made possible by a p2p network similar to BitTorrent. And like with BitTorrent, you can download a movie, burn it and hand it to a friend. Similarly on the bitcoin network you can receive some coin, transpose the seed or key onto paper and hand it somebody. I hope this help a little- please don’t hold back questions if this doesn’t make sense because it goes deeper still
Robert Catesby /
npub1kh…9zhyq
2024-12-27 12:15:14
in reply to nevent1q…r3dy
Author Public Key
npub1kh33xa9m0jpdxpdhfvqx0cdqqzl7pf6qzutu6uwd3cqfe0xzv62sw9zhyqSeen on
wss://relay.primal.netPublished at
2024-12-27 12:15:14Event JSON
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"content": "Satoshi proposed the p2p aspect of bitcoin to prevent the double-spend problem that other ecash attempts suffered from. So, that’s why you “need” the network. The p2p part is totally separate from how bitcoin is stored in a random place on the spectrum of possible addresses. Your knowledge of where your coin is on the spectrum is ‘your bitcoin’\n\nBut you can absolutely go hand someone a bitcoin by handing them a piece of paper with 12 words on it, or a private key to a single address.\n\nSo yes! Bitcoin is backed up and made possible by a p2p network similar to BitTorrent. And like with BitTorrent, you can download a movie, burn it and hand it to a friend. Similarly on the bitcoin network you can receive some coin, transpose the seed or key onto paper and hand it somebody. I hope this help a little- please don’t hold back questions if this doesn’t make sense because it goes deeper still",
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