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disruptalot

Bitcoin is not simply transactions.

- Bitcoin is an algorithmic and unchangeable monetary base.

- It's an un-censorable, neutral global payment network

- It's an immutable ledger.

What are you familiar with to compare to such a thing?

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Actually, bitcoin is simply transactions.

To elaborate: what people think of as a "Bitcoin" (or a fraction of a Bitcoin) is under the covers the unspent output of a transaction (this includes mined coins, which are a transaction without an input). Without transactions, there's no Bitcoin.

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