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It's reversible in the sense that the second you leave, I can just claim you never dropped off the cash. AKA I can reverse it. Bitcoin isn't digital cash, it h
by amackera 6y ago
It's reversible in the sense that the second you leave, I can just claim you never dropped off the cash. AKA I can reverse it.
Bitcoin isn't digital cash, it has different tradeoffs. That implies there are upsides/downsides to all of these factors.
- kqr 6y agoSure, you could claim that, but if you're doing it at a scale that ultimately matters, then you're only harming yourself. The only kind of people who would be interested in having business with a person mired in such controversies are people you don't want to have business anyway.
- spaced-out 6y agoMaybe the guy you hired to drive the Tesla just stole all or some of the cash? How would you know?
- kqr 6y agoWe can spend all day coming up with slight variations of this scenario where one or the other person is to blame. In the end, this situation is one of the few things humans have grown really adept at handling. We're (compared to many other things) very good at negotiating complex social situations and teasing out who are getting shafted in a situation, and we have techniques for dealing with it. (Spreading rumours and/or going to the local leader are prominent among them.) We have set up economic systems based on trust since forever, and they generally work very well. The only times they stop working are when too large authorities get involved. But there are many responses to that that aren't cryptocurrency.
- tomlagier 6y ago> Bitcoin isn't digital cash This made me laugh. It's true, but the name literally means "digital cash".