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Is it possible to acquire crytpo through a non-centralized way? Beyond mining, how do I exchange $100 of USD for Crypto without going through a trusted party t

by ada1981 4y ago

Is it possible to acquire crytpo through a non-centralized way? Beyond mining, how do I exchange $100 of USD for Crypto without going through a trusted party to ensure my $$ gets me BTC?

junofan 4y ago
You and counterparty agree on source of truth (e.g. some bank’s database) and use some sort of proof framework. It’s just an off-chain computation.
- Koshkin 4y ago
  I don’t think an average person would understand a word of what you just wrote.
  - pc86 4y ago
    Just use a proof framework and off-chain computation, you dolt! Monads are just burritos!
bavell 4y ago
Sure, ask a friend or someone in your local crypto community. P2P is the default in crypto.
matheusmoreira 4y ago
Mining is the solution to this problem. It's a simple USD -> electricity -> computer -> cryptocurrency process.
- ada1981 4y ago
  That’s interesting. It’s essentially a push right? Do not wildly profitable to mine; but you can untraceably convert USD to crypto via mining. Curious what it looks like to do this with large sums of cash.