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You can use Bitcoin without an exchange. Have you ever heard of the #bitcoin-otc IRC channel? It is a peer-to-peer marketplace.[0] [0]http://bitcoin-otc.com/ h
by grubles 12y ago
You can use Bitcoin without an exchange. Have you ever heard of the #bitcoin-otc IRC channel? It is a peer-to-peer marketplace.[0]
[0]http://bitcoin-otc.com/ http://bitcoin-otc.com/
- danbruc 12y agoYou still have to trust the other party.
- wongarsu 12y agoYou can meet the other party in person (e.g. https://localbitcoins.com/ https://localbitcoins.com/). That should reduce the amount of trust needed to a minimum.
- danbruc 12y agoDoesn't that actually increase the amount of trust required? What if the other party »convinces« you using a gun to hand over the money without giving the Bitcoins to you?
- haneefmubarak 12y agoThen perhaps you also ought to have a friend and some weapons to guarantee your personal safety too. Alternatively, meet up in a relatively safe, public, conspicuous area where that is unlikely to happen.
- danbruc 12y agoI will just keep trusing my bank.
- grubles 12y agoYou don't, however, have to trust a central entity with your government ID, utility bill, etc.