71 sats \ 8 replies \ @NeuroNinja 17 Oct 2023 \ on: Practice using your keys! 🔑 🔐 bitcoin
Yes, I did just that the fist time I installed Electrum wallet. Uninstalled the app, and used the seedphrase on separate PC to recover my account. Surprisingly, our wallet is just a JSON file 😂😂😂Went through each line, there are lots of things still not understood by me. Hope to catch up soon.

All the BITCOIN only exists over on the network. You can have your key, but you can not have BITCOIN, it is still on the network. Even when you spend it, it doesn’t go anywhere else. It remains still on the network. One mined, BTC can neither be created or destroyed. Only accessed.

REMEMBER: You don't own money, you just own keys. It is a bit scary though.
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46 sats \ 5 replies \ @Stacksats 17 Oct 2023
Bitcoin is so beautifully complex.
Like you said... I've been trying to understand what a checksum is lately...
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30 sats \ 0 replies \ @satoshi_in_the_classroom OP 17 Oct 2023
Agreed. So many different pieces all working in unison.
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0 sats \ 0 replies \ @sangekrypto 3 Nov
Of course it's a bit complicated, because many people all over the world use it, it's just that the way to achieve it is different.
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0 sats \ 2 replies \ @NeuroNinja 17 Oct 2023
You will find these useful-
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40 sats \ 0 replies \ @Stacksats 17 Oct 2023
Oh these are good! Thanks!!
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5 sats \ 0 replies \ @SatoshisSkeleton 17 Oct 2023
These are great
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35 sats \ 0 replies \ @satoshi_in_the_classroom OP 17 Oct 2023
Totally. It's a mind trip to conceptualize the abstractions.
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20 sats \ 0 replies \ @SatoshisSkeleton 17 Oct 2023
You don't own the money! In other words, the coins are NOT on the device. But the ability and cryptography passwords ARE.
This is a HUGE pinnacle of understanding to uncover.
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