this post was submitted on 26 Aug 2025
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[–] Zorque@lemmy.world 8 points 2 months ago (9 children)

So when dealing with volume purchases via a secondary store front (as established in the article) doesn't need any kind of intercession from Steam or another processor to deal with any and all purchases? It's all completely autonomous with no intervention needed by anyone at all?

[–] BlackLaZoR@fedia.io 3 points 2 months ago (8 children)

As long as merchant doesn't need to convert from crypto to regular currency, no third party is involved in the transaction, it's a direct P2P system - in other words - perfect digital cash

[–] Zorque@lemmy.world 4 points 2 months ago (7 children)

So you just need to say "I give this person .001 bitcoin" and they magically get it? That's wild to me.

[–] slykethephoxenix@lemmy.ca 1 points 2 months ago* (last edited 2 months ago)

Yes, simply put, that's how it works. You should read the whitepaper: https://bitcoin.org/bitcoin.pdf

The first sentence:

A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution

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