If what I am saying here is correct then these external chains can use the same coins over and over again with no actual bitcoin being used at all in any of the transactions which also means that I can pretend to have a 100 coins but only really have 50 and so long as I can account for those 50 coins at the end of the day it does not matter because the main BTC block chain has not changed.
It also means that the so called decentralized Bitcoin and attending block chain are now a centralizing feature and the solution has become the problem.
Thank you again.
You are correct.
https://hooktube.com/watch?v=4AC6RSau7r8Thanks CoinQuest, good to know that I have that correct because I have watched the video you posted a number of times, along with many others around the subject of money, it is a good presentation, well put together, easy to understand and I really like elements of the sound track.
A single block chain driven coin is far less vulnerable than all the coins where all the fiat seems to gather, are we really that stupid or am I missing something?
That's not really meant to be a question, just a loud thought.
Thanks again.