Quote from: Wekkel on July 08, 2017, 08:37:57 PM

Quote from: jokumat on July 08, 2017, 06:20:24 PM

Quote from: Wekkel on July 08, 2017, 06:08:06 PM

How do you send a payment with a seed; do I need a new fresh wallet to do this?

Your seed is your wallet

I understand, but how to send something from an existing wallet with a new seed, dropped by someone in a slack channel? I just trying to understand how this airdrop is supposed to work.

seed works like a key in a lock .

you enter your seed, then you login into your wallet it's like a password.
once you are in the wallet you can send it away to some other address that belongs to you!

the game here is: all of us have the seed.. all of us will login into that wallet with iota in it.. all of us will try to send it to our own address. to get flithy rich.
but only 1 can be confirmed as real .. hence not able to double spend.

like with bitcoin .. if you ahve private keys.; you should not be able to double spend the same bitcoin