4 ms·

How do you propose cash transactions be carried out over the internet? How do credit/debit cards satisfy the proposition of a decentralized marketplace?

arisAlexis 8y ago
they just don't
s73v3r_ 8y ago
"How do credit/debit cards satisfy the proposition of a decentralized marketplace?" They're something that most people are actually using, allowing the marketplace to actually conduct commerce and exist.
- antidesitter 8y ago
  Does a cryptocurrency-based market not conduct commerce and exist right now? And again, how do credit/debit cards—which are centralized systems—satisfy the proposition of a decentralized market?
  - s73v3r_ 8y ago
    Not for most people, no. "And again, how do credit/debit cards—which are centralized systems—satisfy the proposition of a decentralized market?" They allow the market to actually exist, by using something that the people are actually using.
    - antidesitter 8y ago
      They allow the market to actually exist But a decentralized market does exist with cryptocurrencies. And credit/debit cards aren’t decentralized.
      - s73v3r_ 8y ago
        "And credit/debit cards aren’t decentralized." Doesn't matter. That's what the majority of people are using; so if you want the marketplace to actually be able to serve people, and get them to actually buy stuff, you need to support them.
        antidesitter 8y ago
        What the majority of people are currently using is irrelevant. The whole topic of this thread is creating decentralized markets, and you're saying the fact that these payment processors are centralized doesn't matter. That doesn't make any sense.
        PascLeRasc 8y ago
        It sounds like a good compromise would be to allow people to check out with a credit card/paypal and have an instant conversion to BTC behind the scenes, maybe with a 2% fee or something.
        s73v3r_ 8y ago
        "What the majority of people are currently using is irrelevant. " Not if you actually want your marketplace to be able to, you know, sell stuff to people.
        antidesitter 8y ago
        I see you conveniently ignored the rest of my comment.
tekknik 8y ago
Perhaps the idea of a decentralized marketplace is a bad idea? What benefit does this actually give me in my everyday life where I don’t need to buy toilet paper anonymously?
- antidesitter 8y ago
  Perhaps the idea of a decentralized marketplace is a bad idea? Clearly not for the people using it right now. What benefit does this actually give me in my everyday life where I don’t need to buy toilet paper anonymously? Are you asking why someone would want to transact anonymously?
  - s73v3r_ 8y ago
    For most things, most people don't care.
PascLeRasc 8y ago
Craigslist does fine [grasping for a number] 95% of the time.

arisAlexis 8y ago

they just don't

s73v3r_ 8y ago

"How do credit/debit cards satisfy the proposition of a decentralized marketplace?" They're something that most people are actually using, allowing the marketplace to actually conduct commerce and exist.

antidesitter 8y ago
Does a cryptocurrency-based market not conduct commerce and exist right now? And again, how do credit/debit cards—which are centralized systems—satisfy the proposition of a decentralized market?
- s73v3r_ 8y ago
  Not for most people, no. "And again, how do credit/debit cards—which are centralized systems—satisfy the proposition of a decentralized market?" They allow the market to actually exist, by using something that the people are actually using.
  - antidesitter 8y ago
    They allow the market to actually exist But a decentralized market does exist with cryptocurrencies. And credit/debit cards aren’t decentralized.
    - s73v3r_ 8y ago
      "And credit/debit cards aren’t decentralized." Doesn't matter. That's what the majority of people are using; so if you want the marketplace to actually be able to serve people, and get them to actually buy stuff, you need to support them.
      - antidesitter 8y ago
        What the majority of people are currently using is irrelevant. The whole topic of this thread is creating decentralized markets, and you're saying the fact that these payment processors are centralized doesn't matter. That doesn't make any sense.
        PascLeRasc 8y ago
        It sounds like a good compromise would be to allow people to check out with a credit card/paypal and have an instant conversion to BTC behind the scenes, maybe with a 2% fee or something.
        s73v3r_ 8y ago
        "What the majority of people are currently using is irrelevant. " Not if you actually want your marketplace to be able to, you know, sell stuff to people.
        antidesitter 8y ago
        I see you conveniently ignored the rest of my comment.

tekknik 8y ago

Perhaps the idea of a decentralized marketplace is a bad idea? What benefit does this actually give me in my everyday life where I don’t need to buy toilet paper anonymously?

antidesitter 8y ago
Perhaps the idea of a decentralized marketplace is a bad idea? Clearly not for the people using it right now. What benefit does this actually give me in my everyday life where I don’t need to buy toilet paper anonymously? Are you asking why someone would want to transact anonymously?
- s73v3r_ 8y ago
  For most things, most people don't care.

PascLeRasc 8y ago

Craigslist does fine [grasping for a number] 95% of the time.