Quote:
Originally Posted by yahooskidoo
You cant physically hold a bitcoin, can you?
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I don't know, that's why I'm asking. From what I understand, is that 81 million coins will be produced, and no more. Those coins will go to those that spend many hours and dollars through the mining process. But, yes, you can hold a physical bitcoin, but the value is not in the coin itself. Seems to me (and I have actually seen and inspected a bitcoin) that it's something of a computer chip with codes imbedded within it, that similar to a debit card you can insert the coin into a machine that tells you how many dollars you have access to.
I am probably totally off base here as I'm only guessing. This is very complicated and I am a fairly simple person.