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I keep hearing the term "paper bitcoin" but what does it mean?
Bitcoiners seem to talk about it negatively but I thought bitcoin is supposed to be good so what is paper bitcoin and why is it considered bad?
21 sats \ 0 replies \ @Car 6h
starts at 52:00
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Paper bitcoin is the notion of ownership of bitcoin without exclusive and complete ownership of the keys. An example is when an app like gemini shows me I have x number of sats in my account.
Paper bitcoin = IOU
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