> 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

> 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.