Very correct in your explanation of how bitcoin works. Many thinks that bitcoin is very hard to understand but to me it is not and when you’re done to know about the basics of bitcoin, you’ll just be fine about it. The security and privacy of it matters and when you’re able to make that connection and how they work, it becomes seamless to understand. Not everyone can know the technical aspect of bitcoin as most people will give up learning about it because of its diverse ecosystem. When you’re done learning about the basics, it’ll serve its purpose and guide you with the reminder of your journey in bitcoin. The more you learn, the more you get to understand better and get to learn new things about the process gradually.