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If I transfer from my Coinbase account to yours, the transaction is not subject to the vagaries of the blockchain. It’s more or less like transferring from my P
by amluto 5y ago
If I transfer from my Coinbase account to yours, the transaction is not subject to the vagaries of the blockchain. It’s more or less like transferring from my PayPal account to yours.
- smt88 5y agoAre you suggesting it's sidechain? Or that our funds in Coinbase are pooled? Either way, it completely defeats the purpose of decentralization, consensus, etc. Coinbase, in that case, is exactly like a traditional bank except that you're trading non-money instead of money.
- amluto 5y agoIf you are depositing anything in an online Bitcoin account and you’re making transactions that aren’t insanely expensive, they’re either side chain or pooled.