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None. Suffer. (lemmy.world)
submitted 3 days ago by Stamets@lemmy.world to c/whitepeopletwitter@sh.itjust.works
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[-] Tar_alcaran@sh.itjust.works 1 points 2 days ago

So, instead of my bank sending money to your bank, I use my bank to send money to a bitcoin broker, then I send the bitcoin, and then their broker sends money to their bank, adding two more middlemen.

[-] explodicle@sh.itjust.works 1 points 2 days ago

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.

[-] Tar_alcaran@sh.itjust.works 1 points 2 days ago

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.

this post was submitted on 13 Nov 2024
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