Simple CryptoCurrency BlockChain Explanation

https://www.nakedcapitalism.com/2018/02/cryptocurrencies-dont-make-sense.html#comment-2924123

Short, simple, comprehensive.  It is all about a chain of transactions.  Transaction, the action, the verb aspect of the conceptual abstraction of the "thing' nature, the noun called money.  It is a pure transaction management based monetary system.

While first and foremost it is a transaction based system operating on a time line (time is a pure verb, always moving).  The "thing"part of the transaction is the ID  account of two owners.

At any smallest instant of time and space (in a time frame where all transactions simply do not operate conceptually analogous to "Absolute Zero" in the real physical world) all movement of CryptoCurrency (the same as current "real money") all currency is "savings".  Like potential energy.  Stored.  That is a theoretical concept of currency in a monetary system but it is a framing of the concept that might contribute to understanding it.

At that "Absolute Zero" stage currency is a pure noun thing absent any verb action.  It has no relationship to anything other than itself because it is only the existence of time that provides the relationship "secret sauce" of any single unique "thing" to another "thing".  It becomes a thing with only a relationship to itself.  An infinite "Do Loop" where no thing ever gets done because there simply is no time in existence over which to do it.

What has to be enhanced in the CryptoCurrency system is the same "thing" as in the current monetary system of money:  The inherent nature of the the "thing" the smallest granular unit of monetary transaction exchange.

That unit has to have an "Thing" identity attribute that substantiates its existence on the same level as as the BlockChain substantiation of the timeline TransAction  monetary exchange between accounts.

The structure of the monetary system must be the golden trinity.  Like the trinity of physical world and the conceptual world we use to comprehend it.  The same as the abstract concept of natural language we use to express real things in conceptual thought.

Subject/Verb/Object. Two unique identity thing in a binary relationship with an action connecting them.

A part of the game is the action.  The other part of the game are the actors.  Some people look at the game for the action foremost , others look with the actors foremost in what they are choosing to perceive in the relationship of thing to action.  They are points of view of the beholder.

The important thing is that what the beholders of the real game of objects and actions between them is that real structure relationship of the game is balanced between the harmony of the object(s) and the action.

In the game of Money the perception of the game is highly weighted to the action side to the extent that the public perception of this abstract concept is that it is a thing of action.  Money is spent with the focus on spending, the action of money.  Others, a dwindling number, spend money but perceive it primarily as a thing to saved, not spent.  Saved to grow or apply to deferred gratification.

What is saved as a thing has to have a strong identity.  As strong as the identity of the action of spending the thing.

A stronger identity of the thing called currency is required.  An enhanced unique stand alone identity of the thing itself other than the primary attribute of and action of what it can be converted into as another form of money.

The third part in a tri-part monetary system is a leg where money is conceptually independent of its action attribute.  Where this "other side of the coin" exists.  The identity of what a unique unit of currency exists in a one to one relationship, but in a separate domain state of being as well as a domain state of doing.

A and accounting triad record of

All money uniquely identified at its most granular unit level of One

All uniquely identified accounts that all money at the granular unit level of One is associated with as "Ownership

All uniquely identified transactions in time implementing the spending of units of money that are changes in account ownership of units of currency in the currency account.

In this triad the unique object of a unit of currency does not move.  It has no verb action identity.  It does not pass from hand to hand. It is static state.  The ownership account that each unique unit of currency is related to does not change either.  Only the transaction is the moving part that connects the two things.

It is a meme that money goes so fast.  That is a perception of money in action.  Transaction are a pure timeline of the tracks of money.  The currency itself and the account itself are only the historical repositories of the history of two fixed thing objects.  Objects that may be aggregated or divided in one to many or many to many fixed  relationship ways.

That is how to keep track of where money has been in transaction time as well as where it is in an instant of time snapshot as short that any smallest instant of time (zero temperature time) it takes for it to be spent between any two accounts and the spending accounts connected connecting to a change of ownership in the record of all currency uniquely identified to be in existence at the most granular unit level at a frozen instant of time.

The action leg of the triad is well designed

The object leg of the triad needs to be better designed to bring the system into balance and integrity of design.

That is the way I see this thing.

Naturally.

A thing of three part natural conception.