People Twitter

whitepeopletwitter@sh.itjust.works

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People tweeting stuff. We allow tweets from anyone.

RULES:

Mark NSFW content.
No doxxing people.
Must be a pic of the tweet or similar. No direct links to the tweet.
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Be excellent to each other.
Provide an archived link to the tweet (or similar) being shown if it's a major celebrity, figure or any politician. See stickied post https://web.archive.org/save is an option. Archive.is is no longer recommended because they remove/alter content.
If a tweet (or similar) makes a statement of fact, either mark it as "satire" in the body or provide the original source link backing up the statement (see rule 6)

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submitted 2 years ago by Stamets@lemmy.world to c/whitepeopletwitter@sh.itjust.works

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[–] Tar_alcaran@sh.itjust.works 1 point 2 years ago (2 children)

So, instead of my bank sending money to your bank, I use my bank to send money to a bitcoin broker, then I send the bitcoin, and then their broker sends money to their bank, adding two more middlemen.

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[–] explodicle@sh.itjust.works 1 point 2 years ago (1 child)

You've got it backwards. Instead of sending bitcoin to an exchange, selling it for dollars, doing a bank transfer, and then the recipient buying bitcoin, you can just send bitcoin from one person to another.

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[–] Tar_alcaran@sh.itjust.works 1 point 2 years ago

You should read my comment again, that's not what I said.

I said that in order to send money through the blockchain, it takes more middlemen than just sending money via other systems.

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