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I don't know if that's true at all, and I suspect it's false. While both types are not uncommon, I think sellers being scammed is the more common scenario. Eve
by meowface 6y ago
I don't know if that's true at all, and I suspect it's false. While both types are not uncommon, I think sellers being scammed is the more common scenario.
Even if it wasn't, though, how can you say this isn't useful? Even if 99% of scams were from sellers, the fact that this trivially and provably solves scamming from buyers is amazing. Saying this isn't a good case because cryptocurrency doesn't miraculously universally eliminate the possibility of any fraud from any party in any scenario is really setting a very high bar.
And with things like Ethereum smart contracts, you theoretically can prevent fraud from all parties in some cases, and defer all risk to the implementation of the contract. Or do you consider this a bad case as well, because a contract could possibly be flawed and "the majority of fraud isn't actually due to human deceit"?