Recently, I understood #bitcoin in a way I had never understood before.

Having a set of private keys means that the owner of such a key is the only person in the universe that can decided anything about the location (address associated with) of a particular sat (or groups of sats) in any given instance of time.

Every 10 minutes, the system is answering the following question question:

Where is sat 01 going to be in the next block?

Where is sat 02 going to be in the next block??

. . . .

Where is sat 1930167500000000 going to be in the next block? ??

After those question are answered, the system then adds 100.000.000 fresh sats and associates them with the "private key" of the miner that later can put them to circulate in the network and pass on the "privilege" to be able to move any of those recently mined #satoshis.

#plebchain