andytoshi changed the topic of #bitcoin-wizards to: This channel is for discussing theoretical ideas with regard to cryptocurrencies, not about short-term Bitcoin development | This channel is logged. | For logs and more information, visit https://bitcoin.ninja
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<Traveller37> hello all
<Traveller37> just little bit stupid question
<Traveller37> i am reading about bitcoin for awhile now
<Traveller37> i got the idea of its verficiation and proof of work
<Traveller37> but for me it seems the block contains just the transactions
<Traveller37> so where the actual bitcoin saved ?
<Traveller37> i mean each block seems like a ledger for transactions, and its headier contains version, earlier hash , etc
<Traveller37> but is there any existance for the bitcoin itself anywhere else?
<kinlo> yeah, so if you have all blocks, you know which address has what
<kinlo> every full node downloads everything
<kinlo> also, this might be better for #bitcoin
<Traveller37> yes i got this, thanks
<Traveller37> but i mean the coin itself don't have any other form of encryption
<copumpkin> it is purely a ledger entry. Coins don't have an identity, and in fact the unit of account isn't even a coin but 10^-8 of one. Agree on #bitcoin though :)
<Traveller37> i mean by design its just a blocks of ledgers confirmed by hashes and connected to each other
<kinlo> ask your questions in the #bitcoin channel please, this channel is not the right place
<Traveller37> i am sorry kinlo but for some reason i am not allowed to send there
<Traveller37> this is why i sent here
<Traveller37> thanks all
<sipa_> look on https://bitcoin.stackexchange.com for such questiins
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