Really concise, enlightening write up @liberosist. Was planning on writing something similar myself as there's a lot of confusion surrounding this topic. You've beaten me to it and done so probably much better than I could, so have an upvote sir!
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Thanks! I made a couple of mistakes. Since the post was revived from the dead, I'm unable to edit it. :( I've also discovered a few additional things.
Yeah there's a few things I have picked up on recently that are missing from this article that I think would be helpful to a lot of people. Good effort nonetheless dude.