Ninjastic
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Board Announcements (Altcoins)
Re: Coin2.0 [C2.0] - The forward thinking POS (FPS GAME DEV. UNDER WAY).
by
DeathAndTaxes
on 22/05/2014, 19:35:21 UTC
Quote from: nrigo on May 22, 2014, 07:21:46 PM
Quote from: minesuch on May 22, 2014, 06:43:08 PM
Quote from: nrigo on May 22, 2014, 06:32:23 PM
Don't forget that your coins are stored in the blockchain and not in your wallet. The wallet is only a software allowing users to access or to move their coins.

Not true. The blockchain doesn't store your private keys, your wallet.dat does. You need the privkeys to retrieve funds.
I wrote that coins are stored in the blockchain, not the private key. Smiley

Well there are no coins at all. Smiley  Only unspent outputs of variable size encumbered by a set of conditions specified in a script.  Still your abstraction is closer to reality.