Help me understand the ownership and provenance of the technology behind Bitcoin

[mrayazgul]

It may be that coinbase uses a finite lot of addresses and recycles them.  One day an address is assigned to you for a specific TX and once the TX has confirmed and the outputs consumed, the address goes back in the pot for the next client.  That would be a major pain to handle on the server side, but who knows.  They very likely use an hierarchical wallet structure with many address generated under a smaller set of addresses.

Either way, they have been around long enough that they are not likely to pull anything shady and as long as your business gets done, then don't rock the boat.

[Kprawn]

I think the most important thing that the Blockchain is offering people are the fact that the information that are being stored in the Blockchain,

cannot be wiped by a single entity. The problem with previous methods are that people are misplacing records or even changing it to serve their

agendas. Once "data" is added to the decentralized Blockchain, it cannot be changed. { It is stored on 1000's of computers in many different

locations } I might not be "technically" capable to fully understand the details, but I have some idea why they want to use the Blockchain to store

that data in this manner.   ..... Bitcoin can be used for smart contracts too.... and there is space to save other "data" too.