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Topic: I need help (Read 924 times)

hero member
Activity: 686
Merit: 500
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June 15, 2015, 01:03:58 AM
#10
So I know Bitcoin well but I have a question, when you send a bitcoin to someone what are you actually sending/receiving?

It's like you send a money through ATM, but you can change your value on ATM to physical money.
for more detail about account: https://en.bitcoin.it/wiki/Accounts_explained


~iki
hero member
Activity: 672
Merit: 502
June 14, 2015, 02:25:27 PM
#9
You send a statement to the blockchain (readable by everyone who wants or needs to) that some number of Satoshis that were previously under your control are now under someone else's control.
Your statement is only valid when you prove (via a digital signature) that you have the private key belonging to the address which originally received the bitcoins.
Similarly, the recipient can only spend the bitcoins when they provide a similar signature with their private key.
Of course, you don't send to a recipient but to an address - presumably the recipient told you the address to send to and considers your payment made when the required amount is available to that address, but you don't send anything directly to the recipient.

Onkel Paul

thanks it helped me to get the knowledge inspite of it that i didnt asked..thank you



Zeros and ones unless it's Tuesday and you're in Belgium, then it's ones and zeros.

can you please explain what you said ..belgium ,tuesday..it sounds curious to me, if you didn't joked..

"Gleb" is just a crazy troll guy here.../ignore

Lol but he's funny and I love funny people.

And to answer you question OP, when you send bitcoins to someone you send digital money from your address on blockchain to the recipients bitcoin address, it is publicly visible to anyone but only the person holding the key to that address controls the funds.  And the technical aspect of it is already very well explained by onkel paul.
legendary
Activity: 1148
Merit: 1014
In Satoshi I Trust
June 14, 2015, 12:29:18 PM
#8
You send a statement to the blockchain (readable by everyone who wants or needs to) that some number of Satoshis that were previously under your control are now under someone else's control.
Your statement is only valid when you prove (via a digital signature) that you have the private key belonging to the address which originally received the bitcoins.
Similarly, the recipient can only spend the bitcoins when they provide a similar signature with their private key.
Of course, you don't send to a recipient but to an address - presumably the recipient told you the address to send to and considers your payment made when the required amount is available to that address, but you don't send anything directly to the recipient.

Onkel Paul

thanks it helped me to get the knowledge inspite of it that i didnt asked..thank you



Zeros and ones unless it's Tuesday and you're in Belgium, then it's ones and zeros.

can you please explain what you said ..belgium ,tuesday..it sounds curious to me, if you didn't joked..

"Gleb" is just a crazy troll guy here.../ignore
full member
Activity: 182
Merit: 100
June 14, 2015, 10:44:07 AM
#7
So I know Bitcoin well but I have a question, when you send a bitcoin to someone what are you actually sending/receiving?

Binary language son.
legendary
Activity: 1039
Merit: 1005
June 12, 2015, 01:10:20 AM
#6


Zeros and ones unless it's Tuesday and you're in Belgium, then it's ones and zeros.

can you please explain what you said ..belgium ,tuesday..it sounds curious to me, if you didn't joked..

Of course he joked.
Even on tuesdays in Belgium you send zeros and ones. Sending ones and zeros would be against the nature and is strictly forbidden in bitcoin-land.

Onkel Paul
legendary
Activity: 1456
Merit: 1000
June 12, 2015, 01:08:08 AM
#5
Zeros and ones unless it's Tuesday and you're in Belgium, then it's ones and zeros.
can you please explain what you said ..belgium ,tuesday..it sounds curious to me, if you didn't joked..

Here is a good general description with some pictures - https://bitcoin.org/en/how-it-works

By zeroes and ones he means you are sending something that is digital.  Which would be correct, that it's not like fiat money that you hold a note.

After reading that just let us know if you have any general or specific questions.
member
Activity: 84
Merit: 10
۩۞۩ secondstrade.com ★
June 12, 2015, 12:49:23 AM
#4
You send a statement to the blockchain (readable by everyone who wants or needs to) that some number of Satoshis that were previously under your control are now under someone else's control.
Your statement is only valid when you prove (via a digital signature) that you have the private key belonging to the address which originally received the bitcoins.
Similarly, the recipient can only spend the bitcoins when they provide a similar signature with their private key.
Of course, you don't send to a recipient but to an address - presumably the recipient told you the address to send to and considers your payment made when the required amount is available to that address, but you don't send anything directly to the recipient.

Onkel Paul

thanks it helped me to get the knowledge inspite of it that i didnt asked..thank you



Zeros and ones unless it's Tuesday and you're in Belgium, then it's ones and zeros.

can you please explain what you said ..belgium ,tuesday..it sounds curious to me, if you didn't joked..
legendary
Activity: 1039
Merit: 1005
June 12, 2015, 12:42:49 AM
#3
You send a statement to the blockchain (readable by everyone who wants or needs to) that some number of Satoshis that were previously under your control are now under someone else's control.
Your statement is only valid when you prove (via a digital signature) that you have the private key belonging to the address which originally received the bitcoins.
Similarly, the recipient can only spend the bitcoins when they provide a similar signature with their private key.
Of course, you don't send to a recipient but to an address - presumably the recipient told you the address to send to and considers your payment made when the required amount is available to that address, but you don't send anything directly to the recipient.

Onkel Paul
vip
Activity: 1428
Merit: 1145
June 12, 2015, 12:20:09 AM
#2
So I know Bitcoin well but I have a question, when you send a bitcoin to someone what are you actually sending/receiving?

Zeros and ones unless it's Tuesday and you're in Belgium, then it's ones and zeros.
newbie
Activity: 15
Merit: 0
June 11, 2015, 10:55:59 PM
#1
So I know Bitcoin well but I have a question, when you send a bitcoin to someone what are you actually sending/receiving?
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