Stamets@lemmy.world to People Twitter · 1 month agoNone. Suffer.lemmy.worldimagemessage-square160fedilinkarrow-up1990arrow-down119
arrow-up1971arrow-down1imageNone. Suffer.lemmy.worldStamets@lemmy.world to People Twitter · 1 month agomessage-square160fedilink
minus-squareexplodiclelinkfedilinkEnglisharrow-up1·1 month 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_Alcaranlinkfedilinkarrow-up1·1 month 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.