2 ms·

oh so it is off-chain then? haven't really seen a product like that. Must be the same as leaving your coins in an exchange and converting to fiat when you spend

• Frogolocalypse 9y ago
  > so it is off-chain then? Yup. > Must be the same as leaving your coins in an exchange and converting to fiat when you spend? Yep. I just transfer bitcoin there when I need it. These days though, I just put the cash I want for the next couple of weeks from a paycheck onto it. I actually have to move bitcoin off the exchange, because it has increased so greatly over the past few months. My beer money is increasing in value faster than I spend it.
• pteredactyl 9y ago
  Exchanges like Coinbase or Gemini are a less liquid example of this.