Post
Topic
Board Bitcoin Discussion
Re: off-chain-transaction != banks (or if you solve this, you are filthy rich)
by
giszmo
on 18/02/2014, 12:41:53 UTC
Where are the actual bitcoins stored with your torpay?

I mean, when torpay sends me stacks of satoshis, how can I be sure I will get them to my on chain wallet?
The first establishing transaction is on the chain, slow, expensive. After that this system works as described in the video above.