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Because my counterparty may not be able to spend my IOU elsewhere.
by naveen99 6y ago
Because my counterparty may not be able to spend my IOU elsewhere.
- arcticbull 6y agoThis situation feels pretty contrived, do you have a concrete example, especially one which you've seen personally or been personally involved with?
- naveen99 6y agonot personally. but imagine you are the king of island A, and want to engage in a transaction with king of island B. Or you want to split up your estate amongst your children.
- arcticbull 6y agoI get that, but I firmly believe that solutions, certainly ones as highly touted here, should operated in the problem domain. We've yet to identify, in 11 years, a concrete problem that blockchains are better at solving than any other solution.