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You dont need to use on-chain for bitcoin transactions.
by mkirklions 8y ago
You dont need to use on-chain for bitcoin transactions.
- acdha 8y agoSo we’re back to using a federated model with most people using trusted third parties and hoping there are enough laws and regulatory oversight to prevent them from abusing that trust? This sounds oddly familiar…
- mkirklions 8y agoFor 2 dollar transactions at Taco Bell and giving petty money to friends? But even if we are back to that model, it still uses ultra rare BTC where there are 21,000,000 BTC ever ever ever. The US currency just keeps inflating.