3 ms·

Matchmaker, not middleman. It does not participate in the trade, just finds you someone to trade with.

• ceejayoz 4y ago
  But that person you're trading with is a middleman, between your USD and the BTC you want. Whether their name is Coinbase, LLC or Coinbase McGee.
  • sparkie 4y ago
    That's not what a middleman means. When you buy eggs from your local farmer, is your farmer a middleman between your dollars and the eggs? No. They're a seller and you are a buyer. With a usd/btc trade, you are either the seller or buyer, depending on your perspective. I use hodlhold to sell unwanted dollars.
    • ceejayoz 4y ago
      > When you buy eggs from your local farmer, is your farmer a middleman between your dollars and the eggs? The eggs? No. The chicken, maybe. > With a usd/btc trade, you are either the seller or buyer, depending on your perspective. OK, so again; the person upthread "that uses Bitcoin strictly to remove the middleman" is removing what middleman? Whether you're buying from a local or Coinbase, there's the same setup of buyer/seller.
      • mikhael28 4y ago
        Stone cold fact. Same setup.
      • 35amxn35 4y ago
        Maybe not removing. I'd rephrase it like this: Replacing the middleman I definetly do not want (the govt and local banks) for the ones I want. Bitcoin is the only tool that lets me do that.