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A comment on Bitcoin ‘Ought to Be Outlawed,’ Nobel Prize Winner Stiglitz Says. Parent comment

Re:Bitcoin ‘Ought to Be Outlawed,’ Nobel Prize Winner Stigli... by deepGem on Wednesday November 29, 2017 @11:34PM (#15813491)
And for people who wanted it to settle immediately or treat it like cash, they could make a direct transfer, , and have it clear on the order of minutes.

Can you please elaborate on this a bit more. What is direct transfer and how is it different from bitcoin /ethereum payments. From what I understand, they are the same.

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Re:Bitcoin ‘Ought to Be Outlawed,’ Nobel Prize Winner Stigli... by SomeStupidPoint on Thursday November 30, 2017 @05:54AM (#15814855)
That was connecting on to the previous paragraph, and contrasting with pre-authorization through a payment network -- I meant a direct transfer of currency from customer to merchant, instead of using a financial institution as an intermediary to vouch for you having money.
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