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People can't use bitcoin without offloading transactions outside of the blockchain, which means entrusting an exchange, which could and probably has the same is
by croon 5y ago
People can't use bitcoin without offloading transactions outside of the blockchain, which means entrusting an exchange, which could and probably has the same issues as Klarna.
- timdaub 5y agoI'm not sure what you mean. Can you elaborate on that?
- croon 5y ago10 transactions/sec means you are trading somewhere off-chain, meaning you entrust someone else with verification on your transaction until all those transactions are cleared on-chain. Meaning you are just trusting a bank (or non-bank) anyways, but with bitcoin buzzwords on top.
- def_true_false 5y agoI've used Binance, and as far as I can tell, their stuff works as well as Stripe or better. They are an order of magnitude bigger than Coinbase. Whether they are likely to have a competent security team with sufficient budget is an exercise left to the reader. My interactions with Klarna have so far failed to inspire similar confidence.