By sending it to an address of the recipient’s wallet from your wallet? I’m not sure what you’re asking. Bitcoing transactions don’t involve intermediaries by default unless you’re using an exchange of some kind. You can even transfer between cryptocurrencies using atomic swaps.
Granted you’d have to buy crypto for fiat currency to begin with and because of unfortunate regulatotions you have to often go through a KYC process with some banking institution, but that’s a fault of glowies getting greedy for data, not the tech.
Is the recipients wallet a web socket somewhere? How does the transaction end up in the actual blockchain such that others can confirm that this transaction was plausible?
I am pretty sure you just turn your money over to a scammer who just disappears with it. Since it is stateless and a libertarian dream, nothing can be done. So, congratulations!
Intermediary free monetary transfer, lack of trust, transparency
How do you transfer money without an intermediary through blockchain?
By sending it to an address of the recipient’s wallet from your wallet? I’m not sure what you’re asking. Bitcoing transactions don’t involve intermediaries by default unless you’re using an exchange of some kind. You can even transfer between cryptocurrencies using atomic swaps.
Granted you’d have to buy crypto for fiat currency to begin with and because of unfortunate regulatotions you have to often go through a KYC process with some banking institution, but that’s a fault of glowies getting greedy for data, not the tech.
Is the recipients wallet a web socket somewhere? How does the transaction end up in the actual blockchain such that others can confirm that this transaction was plausible?
I am pretty sure you just turn your money over to a scammer who just disappears with it. Since it is stateless and a libertarian dream, nothing can be done. So, congratulations!
You don’t need blockchain for that either. #theranos
It does only the last one and only partially.