Re: [cryptography] bitcoin scalability to high transaction rates
On Thu, Jul 21, 2011 at 8:41 AM, Sampo Syreeni <decoy@iki.fi> wrote:
In practice, trades on Bitcoin exchanges don't create transactions in the Bitcoin crypto log; you can even give Bitcoins to one another within an exchange for the cost of an API call. It's only when money is transferred into our out of the exchange that a "real" transaction needs to be created, whether though Bitcoin or through a bank. Private markets can help aggregate small transactions. Of course, this presumes you trust the exchange, which is a different matter. n _______________________________________________ cryptography mailing list cryptography@randombit.net http://lists.randombit.net/mailman/listinfo/cryptography ----- End forwarded message ----- -- Eugen* Leitl <a href="http://leitl.org">leitl</a> http://leitl.org ______________________________________________________________ ICBM: 48.07100, 11.36820 http://www.ativel.com http://postbiota.org 8B29F6BE: 099D 78BA 2FD3 B014 B08A 7779 75B0 2443 8B29 F6BE
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Nathan Loofbourrow