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What does it mean to have a bitcoin? Many people have now heard of bitcoin, thats its a fully digital currency, with no government to issue it and no banks needed to manage accounts and verify transactions. That no one actually knows who invented it. Yet many people dont know the answer to this question, at least not in full. To get there, and to make sure the technical details underlying this answer feel motivated, were going to walk through step-by-step how you might have invented your own version of Bitcoin. Well start with you keeping track of payments with your friends using a communal ledger. Then, as you trust your friends and the world less and less, and if youre clever enough to bring in a few tools of cryptography to help circumvent the need for trust, what you end up with whats called a cryptocurrency. Bitcoin is just the first implemented example of a cryptocurrency, and there are now thousands more on exchanges with traditional currencies. Walking the path of inve