Replying to Avatar falsefaucet

i like to think of utxos as individual bills in my wallet, i buy somthing that cost 3$, i can give the cashier either 3 1$ bills or i can give them a 5, either way they keep that bill 'its destroyed' and give me change, a new utxo.

strictly just for understanding the utxo model has alot of other stuff thats over my head, but i think this is the req knowledge, at least one of the most important
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pup 3mo ago

It's probably the worst analogy possible, but you could think of UTXOs like ecash tokens. 😂

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falsefaucet 3mo ago

Sure but you know the next question.....

What's ecash.

Just some advice, when trying to explain something, don't use a term you'd then have to further explain.

But I see your angle dawg

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pup 3mo ago

Oh, I agree with you 100%. My comment was largely in jest, although it does kinda work. 😂

My go-to analogy is comparing UTXOs to gold coins. When you spend one, it is melted down, a small portion is taken by the network for the transaction fee, and new coins are minted from the remaining amount that are then provided to the recipient/s, and or returned to you if change is due.

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pup 3mo ago

If your recipient requires more than the value of a single "coin" you hold, you send multiple and they are melted down, and re-minted and distributed in the denominations you set when creating the transaction.

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Oshi (推し) 3mo ago

Lollll I was going to say something along the same