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But would someone ever buy bitcoins from someone without actually permitting a transfer? How would you ever have an assurance that seller has relinquished contr
by matt-attack 8y ago
But would someone ever buy bitcoins from someone without actually permitting a transfer? How would you ever have an assurance that seller has relinquished control of the coins?
Example: I own one coin. I sell my private key to you for $5k fiat. You take my private key and sit on it thinking it’s yours. After a use a copy of the private key to transfer the coin to a new wallet I own. I’ve now stollen the coin I supposedly “sold” to you.
What am I missing?