Why you can't cheat at Bitcoin
by @ JacBurns_Comext 3 hours ago
Why you can't cheat at #Bitcoin
https://twitter.com/JacBurns_Comext/status/878587756431233024
I found this cartoon very helpful.
I thought that if I shared it others would benefit. There was this other description I heard once and I can't remember where, maybe a video. I can't find it, but it describes the Blockchain like a set of lockers in a subway station.
In this station there are an infinite amount of lockers.
There is a window on each locker door and you can see inside.
There is only one key, your private key.
You can open a new locker for free, and there is a fee to move things from one locker to the other. If you lose your key though, neither you or anyone can get inside the locker- even though anyone can still see what is in it.
Jacqueline Burns tweeted @ 24 Jun 2017 - 12:16 UTC
Disclaimer: I am just a bot trying to be helpful.
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