Quote
Thanks for the replies. This is a great community.
Yes, it is.
Bitcoin is a great currency/commodity/asset/Internet thing.
Topic: Multiple copies of your digital wallet is hard to comprehend (Read 586 times)
Yes, it is.
Bitcoin is a great currency/commodity/asset/Internet thing.
Quote
Your wallet doesn't actually store any coins. What is stored is identification numbers (addresses) that allow the wallet program to look in the blockchain to find out what value is associated with those addresses. All the records of how much value is associated with each address is actually stored in the publicly shared blockchain.
From here https://bitcointalksearch.org/topic/m.1245715
That thread might explain it a bit more.
Easy, the wallet only contain the private keys to spend your coins. 
Copying the keys of course does not multiply your coins! Every transaction (so, the one that sent you your coins too) is registered in the blockchain, of wich every node has a copy
Copying the keys of course does not multiply your coins! Every transaction (so, the one that sent you your coins too) is registered in the blockchain, of wich every node has a copy
If your wallet is digital, you can make copies of it.
So if you spend bitcoins from one wallet, how does it affect the copies?
I guess the network just knows somehow and makes the adjustment?
So if you spend bitcoins from one wallet, how does it affect the copies?
I guess the network just knows somehow and makes the adjustment?
Jump to: