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I don’t think it actually tackles the issue of trust but rather it removes it all together. Originally it was made for irreversible micro transactions where the
by Kpourdeilami 9y ago
I don’t think it actually tackles the issue of trust but rather it removes it all together. Originally it was made for irreversible micro transactions where the existence of a trusted middleman made it too expensive for them to be practical.
Trusted middlemen usually serve a useful function in the system but for some use cases (i.e. irreversible micro transactions), they’re too expensive.
- alextheparrot 9y agoFrom your explanation, I’d argue it doesn’t remove trust, it just makes it so that you don’t particularly worry about trusting anyone (If I buy something for 50 cents who cares if you scam me). Is that a fair representation of your point?
- Kpourdeilami 9y agoYes, that’s exactly what I meant. Thanks for clarifying it