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Re: Predatory Sparrow

By: Zimbler0 in GRITZ | Recommend this post (1)
Thu, 19 Jun 25 5:01 AM | 20 view(s)
Boardmark this board | Grits Breakfast of Champeens!

Msg. 09929 of 09959
(This msg. is a reply to 09913 by Fiz)
Jump:

>>>
Monkeytrots: "Well, without an 'exchange', crypto is useless."
>>>

Just out of curiosity.
What happens to the 'Bitcoins' if the Server(s) they 'reside on' get completely obliterated?

Zim.

Mad Poet Strikes Again.

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The above is a reply to the following message:

Re: Predatory Sparrow
By: Fiz in GRITZ
Thu, 19 Jun 25 2:33 AM

Msg. 09913 of 09959

Monkeytrots: "Well, without an 'exchange', crypto is useless."

No, it's not. It's fundamentally the same risk as if you bought or sold anything else for cash.

https://cointelegraph.com/news/how-to-buy-or-sell-bitcoin-without-using-a-centralized-crypto-exchange

Just so you don't get hung up on what is, and isn't an "exchange", read to the bottom: Offline PtoP exchanges.

Now, admittedly, I wouldn't want to be doing this with very large transactions -- but I wouldn't want to be doing super large cash transactions, either.

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