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Author Topic: Multiple copies of your digital wallet is hard to comprehend  (Read 586 times)
opsd1 (OP)
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March 29, 2013, 11:00:34 PM
 #1

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?
Gabi
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March 29, 2013, 11:07:26 PM
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Easy, the wallet only contain the private keys to spend your coins.  Wink 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  Wink

tiktoc
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March 29, 2013, 11:11:19 PM
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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://bitcointalk.org/index.php?topic=115476.msg1245715#msg1245715

That thread might explain it a bit more.
nobbynobbynoob
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March 29, 2013, 11:27:32 PM
 #4

Thanks for the replies. This is a great community.

Yes, it is. Smiley

Bitcoin is a great currency/commodity/asset/Internet thing. Smiley

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