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# Bitcoin Is Like
# Bitcoin oya fa
by Oleg Andreev [2017/12/10](https://oleganza.com/all/bitcoin-is-like/)
**Bitcoin is like physical cash:** it is not reversible and you are responsible for handling it. If you lose your wallet, you lose your money. You can give bitcoins to someone to hold them for you, but it will be like with any bank: you have to trust them that they won’t run away with your money.
**Bitcoin oya fa oshimaliwa shokoomuma:** Ihayi vulu okuningululwa, ongwee mwene wuna oshinakugwanitha shoku yi takamitha. Ngele owa kanitha ondjato yoye yiimaliwa, nena niimaliwa yoye oya kana. Oto vulu okugandja komuntu eku kwatele, ihe ngaashi ngele tosikilile nombaanga, omuntu owu na ku kala wemwiinekela kutya ita fadhuka po niimaliwa yoye.
**Bitcoin is unlike physical cash:** you can store as much as you want and it will not take any space. You can send it over the wire to anyone. It is impossible to counterfeit. You can’t give it in one second: to actually guarantee that transaction has happened, you have to wait 10-15 minutes for the cryptographic proof to be produced by the network.
**Bitcoin inayi fa oshimaliwa shokoomuma:** OoBitcoin oho vulu okudhisikilila odhindji ngaashi wa hala, ihe itadhi mana po ehala. Oho vulu wo okutumina kehe ngu wa hala to longitha omukalo ngoka gwapitikwa melongitho lyooBitcoin. "Iimaliwa" mbika ihayi vulu okuningwa iimaliwa yiifundja (counterfeit). Ihayi vulu so okugandjwa mosekonde yimwe, owuna manga oku tegelela oominute 10-15 Opo ewangandjo lininge uumbapila womafutilo, opo wuvule okukwashilipaleka ngele omafutilo/elanditho olya tumwa.
**Bitcoin is like gold:** it cannot be produced at will, there is a limited amount of it and this amount is scattered in spacetime continuum (mostly time). To get some bitcoins someone should give them to you, or you should *mine* them. Like gold, Bitcoin is shiny: it attracts people with its beautiful engineering, built-in contract programming language, wise incentives, and libertarian promise of freedom from coercion.
**Bitcoin oya fa oshingoli:** OBitcoin ihayi vulu okuningwa owala pahalo komuntu, ope na ondando yontumba yangabekwa, ondando ndjika oya topolelwa mewangadjo hali ithanwa "spacetime continuum". Opo wumone ooBitcoin, owuna okudhipewa komuntu gumwe ishewe ngoka e dhi na nale, nenge todhi miina ngaashi oshingoli. OoBitcoin ohadhi welima ngaashi oshingoli dho ohadhi fuula aantu nuuwanawa womutungilo wadho, nelaka ndyoka lyopauteknologi (programming language) lya longithwa. Ope na yoo euvathano lyamanguluka.
**Bitcoin is unlike gold:** supply of Bitcoin is completely fixed via scheduled mining (only so much bitcoins are created per hour). You have a guarantee that no one will suddenly find a mountain of bitgold or mine it on asteroids. Unlike gold, Bitcoin difficulty is adjusted to the mining efforts to keep the schedule fixed. You may dig up all the gold in one day, but it will never be possible with Bitcoin no matter how fast computers will ever become. Growing mining efforts can only bend schedule slightly (network adjusts difficulty to producing 6 blocks per hour, but if network constantly grows it may produce 7-8 blocks per hour).
**Bitcoin inayi fa oshingoli:** OoBitcoin ohadhi topolowa pethimbo lyagwandjwa (kehe owili oha pu gandjwa oomumuma dhontumba). Shika ohashi kwashilipaleke kutya ito adha pe na gumwe e na onduba yuudha yeeBitcoin pethimbo limwe. Omuntu oho vulu okutha mo oshingoli oshindji ngaashi wa hala mesiku, ihe shika ihashi vulika nooBitcoin, kutya nee okompiuta ohayi endelele shithike peni.
**Bitcoin is like a bank:** there are computers, databases and transactions. Databases store the entire history of all incoming and outgoing payments: who send how much to whom. Everything is digital. There are no vaults with gold or personal deposit boxes, only bookkeeping in a single “ledger”.
**Bitcoin oya fa ombaanga:** Ngaashi tuu ombaanga, melongitho lyooBitcoin omu na ehala lyokusikililwa uukwatya waalongithi nowomafutilo agehe taganingwa. Kehe shimwe oshili pakompiuta. Kape na mpa hapu sikililwa oshingoli nenge uupakete wokusikilila iimaliwa, omadhidhiliko ohaga ningwa ashike membo limwe (mokompiuta).
**Bitcoin is unlike a bank:** everyone can verify that their database contains the same ledger data as everyone else’s. There is no manager in charge of updating the ledger and making sure it is not tampered with. Any person may have as many accounts as they like and all accounts are anonymous (unless one reveals his identity himself). Ledger does not store names, only balances and account numbers. There is no possibility of a “fractional reserve” when bank loans out more money than it actually has. In fact, there are no debts on bitcoin ledger: either you have money on your address and it is fully yours, or you don’t and you can’t use it at all. Also, Bitcoin allows to lock money with “contracts”: cryptographic puzzles designed to spread the decision making between several people or across time.
**Bitcoin inayi fa ombaanga:** Omuntu kehe ota vulu ota vulu oku kwashilipaleka nokumona ngele embo lye olya shangwa/dhidhilikwa shi shili momambo gooyakwao. Kape na omutonateli eli po e na oshinakugwanitha shoku gwedha mo uuyelele momambo gomalandithilo nokumona kutya inapa gwedhwa uuyelele kashili paveta. Omuntu kehe ota vulu okutota po omayalulo (accounts) ogendji ngaashi a hala mpoka edhina lye inali pumbwa okushiwikwa, onge shila oye mwene tiipopi edhina. Momambo ihamu sikililwa omadhina gaantu, ohamu sikililwa owala iimaliwa mbi yili koAccount nonomola koAccount. Membo lyooBitcoin kamuna ehala lyoondjo, omuntu owuna ashike iimaliwa, nenge kuna sha, onkee ito vulu okuyi longitha.
**Bitcoin is like Monopoly money:** coins are abstract tokens that are not claims to any value. People value them because they choose to play the game. In fact, the same is true for gold or any other money.
**Bitcoin oya fa iimaliwa yoMonopoly:** Iimaliwa yoludhi nduka oyopambembo noya pewa ongushu molwaashoka aantu haadhana uudhano mbuka. Iimaliwa ayihe hol: oshingoli, niimaliwa yoombapila nsht. osho hayi mono ongushu pamukalo nguka.
**Bitcoin is unlike Monopoly money:** there is a limited supply of tokens and no one can counterfeit them. This makes them a good candidate for a universally recognized collectible like gold or silver coins.
**Bitcoin inayi fa iimaliwa yoMonopoly:** Iimaliwa yoludhi nduka iidhigu nokuninga nomolwaashoka oya pumba noonkondo. Omolwa uukwatya nda zi nokutumbula oyi na ongushu yomaliko ngoka ga pumba woo ngashi oshingoli nsht. Ngoka haga longithwa miipindi.
**Bitcoin oya fa ewi lyamanguluka:** Keshe einyengo tali holoka olya fa etumwalaka efupi kaakwashigwana, ndyoka tali vulu okutotomonwa shaampoka, kehe ethimbo. Ngele aantu mba haa "miina" OoBitcoin oyeli uvu, ohaye li gwedha komusholondondo gomainyengo agehe gadhidhilikwa nale. Etumwalaka omo tali kala mondjokonona, kehe gumwe ota vulu okuli mona, no kape na we ngoka tavulu okulidhima mo.
**Bitcoin inayi fa ewi lyamanguluka:** Keshe shimwe toka 'tumbula' ohashi ya nondando. Ngele omuntu okwa hala okulanditha nakale e na iimaliwa (coins), shika ota shi ti kutya, aantu owala mboka ye na iimaliwa yoludhi ndika taa vulu 'okutya' sha. Aantu mba taa miina OoBitcoin otaa vulu okutinda omalanditho ngele ina ye ga panda, nenge ngele yewete ondando oshona. Aantu ohaa longele kumwe meliyambo.
**Bitcoin oya fa euvathano pokati kaakwashigwana:** Osha fa owala oshinima shopamuthigululwakalo. OoBitcoin ota dhi vulu okulonga ngaashi iimaliwa yolela ngele aantu taye dhi longitha pamukalo gumwe niimaliwa, noye na esimaneko lyoompango ndhoka dhi na sha nelongitho lyooBitcoin. Outeknologi ohau dhana oshilonga sha simana mokweetapo euvathano ndi.
**Bitcoin inayi fa euvathano pokati kaakwashigwana:** Inashi fa naanaa omauvathano ngoka haga longwa moosikola, shaashi euvathano ndika ihali vulu okuningululwa nenge okugwedhelwa, lyo inali totwa po kaaleli yontumba. Oompango owala dhili po ndhoka kehe omuntu e na okutokola puyemwene edhi gwanitha po, sigo aantu ayehe taa adha etokolo limwe.
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**Bitcoin is like Git:** in Git (a distributed version control system) all your changes are organized in a chain protected by cryptographic hashes. If you trust the latest hash, you can get all the previous information (or any part of it) from any source and still verify that it is what you expect. Similarly, in Bitcoin, all transactions are organized in a chain (*the blockchain*) and once validated, no matter where they are stored, you can always trust any piece of blockchain by checking a chain of hashes that link to a hash you already trust. This naturally enables distributed storage and easy integrity checks.