Stamets@lemmy.world to People Twitter@sh.itjust.works · 2 days agoNone. Suffer.lemmy.worldimagemessage-square155fedilinkarrow-up1949arrow-down117
arrow-up1932arrow-down1imageNone. Suffer.lemmy.worldStamets@lemmy.world to People Twitter@sh.itjust.works · 2 days agomessage-square155fedilink
minus-squareexplodicle@sh.itjust.workslinkfedilinkEnglisharrow-up1·15 hours agoYou’ve got it backwards. Instead of sending bitcoin to an exchange, selling it for dollars, doing a bank transfer, and then the recipient buying bitcoin, you can just send bitcoin from one person to another.
minus-squareTar_Alcaran@sh.itjust.workslinkfedilinkarrow-up1·9 hours agoYou should read my comment again, that’s not what I said. I said that in order to send money through the blockchain, it takes more middlemen than just sending money via other systems.
You’ve got it backwards. Instead of sending bitcoin to an exchange, selling it for dollars, doing a bank transfer, and then the recipient buying bitcoin, you can just send bitcoin from one person to another.
You should read my comment again, that’s not what I said.
I said that in order to send money through the blockchain, it takes more middlemen than just sending money via other systems.