The video was good

Chuck England asked 1 year ago

I am still trying to wrap my head around this. So who holds the ledger and where does our paper money go to? Also, the guy in the video, are you single.

1 Answers
Steven Hay answered 1 year ago

Hi Chuck,
Your paper money goes to whoever sold you the bitcoins, it could be an exchange or an individual, depending on your purchase method. The Ledger is a hardware wallet which you hold… Unless you mean the Bitcoin blockchain, which is sometimes characterised as a “public ledger.” In the case of the latter, all people running a full Bitcoin wallet have a copy of the ledger.

Bitcoin Video Crash Course 

Dummy-proof explainer videos enjoyed by over 100,000 students. One email a day for 7 days, short and educational, guaranteed.

We hate spam as much as you do. You can unsubscribe with one click.