I know this question can be asked on Google and it's not really bad if he wants to get clarity in the Bitcoin community.
This is true for other questions and some more basic stuff, but for this kind of thread it is nonsense. Most of the users here do not know the answers to such questions, except a few individuals such as d5000, myself and others. Most of the answers here were completely wrong or at the very least partially wrong, to the point that asking an LLM would have yielded better answers. Therefore, next time read fully all the corrections that were made by me before writing a reply to a thread like this one.
Sometime when you have an answer to an information, you might be skeptical if your answer is still correct in the eyes of others or if their are smiple ways to break the answer down that will be more easier for you to comprehend. No one is an island of knowledge and it's good for us to communicate as a community to learn more from people that have been in the Bitcoin network for years years organizing things.
Just no, people can go and shitpost somewhere else with their pseudo-knowledge.
The essence of the block chain technology is to store Bitcoin transactions and documentations. The storage of the transactions helps to know who owns which transaction. Keeping the transaction details helps to know which transaction has been sent and which is still pending and yet to be sent so it's a very vital and useful feature of Bitcoin to actually be able to store transactions and this transactions basically irresponsible once the transactions are buried under several other transactions. It doesn't reveal the sender id or details or it's still private.
No it is not, and you can run a blockchain without storing almost any information compared to the information that Bitcoin stores. Therefore, to claim that it is a requirement to this kind of technology is incorrect. There are various types of blockchains and there are various types of architectures that enable those blockchains to work. Some involve storing more data than others, and each kind comes with its own tradeoffs and risks.
Bitcoin is money , peer-to-peer money, digital cash.Money has to be honest for people to trust it. If something is hidden or secret, it undermines that trust.Bitcoin emerged precisely as a response to a system in which a small group of people holds a monopoly over money creation. Bankers can create money whenever they want and in whatever amount they want, and through inflation they take value away from everyone else..If someone can create money out of nothing for themselves while everyone else has to work to earn it, then that system is neither honest nor fair.That is why everything must be public, transparent, and visible to everyone.
Bitcoin is pseudonymous. If you stay within the Bitcoin money system and do not move into fiat system, you can remain fully private.If you leave the Bitcoin system and go back to fiat, then privacy becomes much harder to preserve. That is not because of Bitcoin, but because of exchanges that take you back into the fiat monetary system, where you are forced to reveal everything about yourself.
This answer has nothing to do with the thread, and none of what you have written requires Bitcoin to store the data that it does in the way that it does.
