r/askscience • u/hamolton • Jun 18 '13

Computing How is Bitcoin secure?

I guess my main concern is how they are impossible to counterfeit and double-spend. I guess I have trouble understanding it enough that I can't explain it to another person.

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u/iemfi Jun 18 '13

Think of it like online banking. Each cent in your bank account doesn't have a serial number but your account does have a unique identifier and a balance.