Hello Nosters, is there any resources that explains what happened after a new #bitcoin is mined , how to trace the origin of a Bitcoin or a piece of Bitcoin.
As my knowledge the miners sells Bitcoin through the exchanges, is there another way they do that?
For example, how can i know the piece of Bitcoin i have is from the one that have been mined on the block xxxx?
#asknostr
It doesn't really work like that. There are no individually recognizable "coins" that you could refer to. Instead, it's more like a digital ledger.
Imagine three people (A, B and C) note down on paper how many bitcoin they have. In the beginning, only A and B have 5 Bitcoin each (the miners). They write down "A has 5 BTC, B has 5 BTC, C has 0 BTC".
Now A sells his 5 Bitcoin to B. They write "A has 0 BTC, B has 10 BTC, C has 0 BTC".
Finally B sells 5 BTC to C. Does C now own the 5 BTC that originally came from A or B? You cannot know, as there's no way to differentiate between them.
