P2P Crypto Transfers
The cluster debates direct wallet-to-wallet cryptocurrency transactions, emphasizing benefits like no intermediaries and censorship resistance alongside challenges such as blockchain tracking, high fees, blacklisting, and off-chain alternatives.
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How? It's direct from wallet to wallet
I can give you crypto and you can take crypto without any intermediary telling us we're not allowed to transact.
with what money? the blockchain is the all seeing eye, if you move a penny from one wallet to another, that wallet gets blacklisted too. (not to mention you eat the transaction fee every time you try it!)
you can't do that with crypto either (and crypto likely will have higher transaction fees)
If only there were a system to transfer money between two people that didn't require a trusted third party...
You're transmitting cryptocurrency, not fiat. So I'm unsure how it works.
That's what off chain payments is for.
Couldn't you just sell your wallet credentials instead of the chain transaction?
What's to stop you from just sending the same money back and forth between addresses you control?
That sounds insecure. Looks like blockchain and private keys with extra hops. Perhaps you can easily revert banking transactions...