re: #175 wheat-dogg

It’s not much different than the code used by the credit card networks when you pay for something online. The big difference is how the transaction is verified. With a credit card, you rely on the CC company to ensure they money you sent ends up where it should go, only once. With Bitcoin or another cryptocurrency, you’re relying on a decentralized network to verify the transaction without any human intervention.

Except there is no buyer protection for the person sending bitcoin to the recipient if the recipient doesn’t fulfill their end of the deal, the transaction fee can vary wildly and the transaction methodology uses up thousands of times more energy to complete.