Bitcoin’s wallets show Dumb Analogy-8211 – Bitcoints


Published on July 21st, 2015 | by bitcoin


Bitcoin’s wallets show Dumb Analogy-8211

I’ve found the analogy of the “Bitcoin wallet” particularly troublesome.
People understand money in wallets, accounts – makes perfect sense.
How are those Federal Govt guarantees for your BTC deposit at the Bitcoin exchange in Cyprus!
There is only a PUBLIC address and PRIVATE address.
You keep that private address OFFLINE, and no-one can get to it.


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