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Many of your questions would equally apply to Bitcoin. For example, your question about transferring $10 to person A applies to Bitcoin as well. Ethereum uses
by chrispeel 10y ago
Many of your questions would equally apply to Bitcoin. For example, your question about transferring $10 to person A applies to Bitcoin as well. Ethereum uses a blockchain, as pioneered by Bitcoin to ensure that transactions are not spent twice.
For your last example, you might put the $10 in escrow, with a key held by you, one by the book owner, and one by a trusted third party. If you lose the book, if the third party and book owner agree, your money is released from escrow.