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What does it mean to have a Bitcoin? Many people have heard of Bitcoin, that itamp;#39;s a fully digital currency with no government to issue it, that no banks need to manage accounts and verify transactions, and that no one really knows who invented it. And yet many people donamp;#39;t know the answer to this question, at least not in full. To get there, and to make sure that the technical details underlying the answer actually feel motivated, weamp;#39;re going to walk through, step by step, how you might have invented your own version of Bitcoin. Weamp;#39;ll start with you keeping track of payments with your friends using a communal ledger, and then as you start to trust your friends and the world around you less and less, and if youamp;#39;re clever enough to bring in a few ideas from cryptography to help circumvent the need for trust, what you end up with is whatamp;#39;s called a cryptocurrency. Bitcoin is just the first implemented example of a cryptocurrency, and now the