''The assets of value people lust after are actually called UTXOs (unspent transaction output). Bitcoin can essentially be boiled down to a game where people compete for the right to scratch their name inside some digital ledger. The unique feature about this ledger space is that it is scarce, so there exists a limited number of people who can write their name inside of it. Entitlement to this space is represented by virtual contracts known as UTXOs. We can think of this concept like a land title- it grants the owner legal right to a fixed plot of earth. We can think of bitcoins like an acre, inch or pound.''