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> In simple terms. The currencies, and related technologies al deal with the problem of transferring of money/services between parties where no centralized trus
by louwrentius 6y ago
> In simple terms. The currencies, and related technologies al deal with the problem of transferring of money/services between parties where no centralized trust/power exists.
When does that really occur in every day life?
I understand that a seller can scam me (send a brick) or I could revoke my payment and scam the seller.
But that problem is never solved?
> Credit card companies blocking transfers to legitimate companies on the basis of pressure from the US gov.
Technology is never going to fix societial problems. Paying with dollars or crypto -> if the USA says no, and you still pay you can get fined or worse.
> Banks printing money and devaluing currency of currency holders, etc.
To keep currencies afloat and thus society operational / functioning, you mean?
> Bailouts/handouts to undeserving private companies with public money.
Technology is never going to solve human problems like that. This is not a technology problem.