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replied 2322d
> gets moved back to a known address
"spent", in the Common Tongue
replied 2320d
This might be your logical mistake: there is no 'known address'. CashShuffle is based on HD wallets that generate billions of addresses. No reused addresses. No circles in the graph.
replied 2322d
Spent is from the transmitter's perspective. Coins aren't destroyed, they are just moved around.
replied 2322d
If I send all my coins to an unused address of mine, there's no way to tell if that is me or another person. If later I send them back to the address that was known to be me...
replied 2322d
Then you know I have them, but you still don't know if I sent them back there, or some other party did.
replied 2322d
You are thinking that, since it's easy to list all the possible chess moves in the next move, that you can tell for sure how the board got in its current state after 100 moves.