Tell HN: Coinbase now requires physical address of recipient in crypto transfers

Re:Tell HN: Coinbase now requires physical address of recipi... by ada1981 on Friday June 24, 2022 @07:22AM (#31860172)

Is it possible to acquire crytpo through a non-centralized way?

Beyond mining, how do I exchange $100 of USD for Crypto without going through a trusted party to ensure my $$ gets me BTC?

[ Parent | on HN ]

Re:Tell HN: Coinbase now requires physical address of recipi... by bavell on Friday June 24, 2022 @08:57AM (#31861056)

Sure, ask a friend or someone in your local crypto community. P2P is the default in crypto.

[ Parent | on HN ]

Re:Tell HN: Coinbase now requires physical address of recipi... by peyton on Friday June 24, 2022 @07:45AM (#31860346)

You and counterparty agree on source of truth (e.g. some bank’s database) and use some sort of proof framework. It’s just an off-chain computation.

[ Parent | on HN ]

Re:Tell HN: Coinbase now requires physical address of recipi... by Koshkin on Friday June 24, 2022 @08:20AM (#31860660)

I don’t think an average person would understand a word of what you just wrote.

[ Parent | on HN ]

Re:Tell HN: Coinbase now requires physical address of recipi... by pc86 on Friday June 24, 2022 @09:07AM (#31861171)

Just use a proof framework and off-chain computation, you dolt! Monads are just burritos!

[ Parent | on HN ]

Re:Tell HN: Coinbase now requires physical address of recipi... by matheusmoreira on Friday June 24, 2022 @12:40PM (#31865260)

Mining is the solution to this problem. It's a simple USD -> electricity -> computer -> cryptocurrency process.

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Re:Tell HN: Coinbase now requires physical address of recipi... by ada1981 on Saturday June 25, 2022 @01:48PM (#31877212)

That’s interesting. It’s essentially a push right?

Do not wildly profitable to mine; but you can untraceably convert USD to crypto via mining.

Curious what it looks like to do this with large sums of cash.

[ Parent | on HN ]