ST Alpha - "i need to buy a $10 thing. i take 5 $10 bills out of my left pocket, hand $10 to someone, then put $40 into my right pocket. " (Reading a Post)

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In response to "This reads like sanskrit to me -- nm" by Strongbad

i need to buy a $10 thing. i take 5 $10 bills out of my left pocket, hand $10 to someone, then put $40 into my right pocket.

Posted by colin (aka colinski) Oct 8 '22, 10:10

because.. those are the rules :)

your wallet is just an number and a private numerical key. when you make a transaction, you have a source wallet, a destination wallet, the amount transferred, the amount left over, and the wallet where you want the change stored. that's just how transactions happen a the basic level.

software can do that for you, but knowing exactly where your bitcoins are is important in practice because you don't just have your one wallet.

Responses:

...okay. -- nm - Strongbad Oct 8, 10:18 2
- *hugs* we'll feed you, baby bird. - colin Oct 8, 10:19 1
  - That is my intent. - Strongbad Oct 8, 10:42
point is, use software if you want to transact, but ALWAYS keep your wallet info stored somewhere offline so you can recover it if software fails. -- nm - colin Oct 8, 10:14

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i need to buy a $10 thing. i take 5 $10 bills out of my left pocket, hand $10 to someone, then put $40 into my right pocket.

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