The downs bitcoin month el

The proposed picture implies that a transaction doesn’t consist of one and the same portion of bitcoin ‘moving’ from one address to another. A transaction can you buy crypto with a credit card is better understood as a transaction, not of the portions themselves, but of a certain quantity of the abstract bitcoin stuff, of which they are portions. We say that some bitcoin, a certain quantity of bitcoin, is sent from one address to another. The abstract stuff moves from one address to another, and in doing so, portions of bitcoin go out of existence as new portions come into existence. You should also be wary of fake “initial coin offerings” (ICOs). An ICO is a way of crowdfunding the launch of new currencies or companies. ICOs are not regulated and could turn out to be scams. The currency may not launch at all or it could launch and then the developers walk away from the project. The value of the currency falls and initial investments are wiped out.