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<p>[QUOTE="justafarmer, post: 7425766, member: 3926"]So a Bitcoin is actually an aggregate of 100 million individual block chains called satoshi. So when you exchange a bitcoin you actually pass 100 million block chains to the new holder. Upon the transfer each block chain's digital footprint increases in size due to the fact an additional identifier link is added to the chain. So each time a satoshi is exchanged its value is diluted due to the fact its chain becomes longer and therefore requires an expenditure of more processing resources to verify its authenticity. Meaning a bitcoin containing 100 million satoshi each being two links long will be significantly more valuable than a bitcoin containing 100 million satoshi each being 1 million lengths long. </p><p><br /></p><p>Is the above correct?[/QUOTE]</p><p><br /></p>
[QUOTE="justafarmer, post: 7425766, member: 3926"]So a Bitcoin is actually an aggregate of 100 million individual block chains called satoshi. So when you exchange a bitcoin you actually pass 100 million block chains to the new holder. Upon the transfer each block chain's digital footprint increases in size due to the fact an additional identifier link is added to the chain. So each time a satoshi is exchanged its value is diluted due to the fact its chain becomes longer and therefore requires an expenditure of more processing resources to verify its authenticity. Meaning a bitcoin containing 100 million satoshi each being two links long will be significantly more valuable than a bitcoin containing 100 million satoshi each being 1 million lengths long. Is the above correct?[/QUOTE]
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