Post
Topic
Board Bitcoin Discussion
Re: I told Satoshi to call it Digicashbills
by
DeathAndTaxes
on 04/03/2014, 02:08:29 UTC
I keep saying that bitcoins only exist as balances associated with a bitcoin address. What is kept is the private key that allows you to spend your bitcoin address bill.  I told Satoshi to call it Digicashbills (DGB) instead of bitcoins, but he didn't listen.

When you "told" him that I am surprised he didn't correct you that there is no such thing as "balances associated with an address" either.  Bitcoin works on the concept of inputs and outputs.  So if 0.5 BTC and 2 BTC were "sent" to the same address they exists as two discrete outputs (valued at 0.5 BTC & 2.0 BTC) in the blockchain not a balance of 2.5 BTC.

Maybe this was a dream where you talked to "Satoshi"?