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Bold of you to assume that the crypto-crowd have seriously taken fraud and and consumer protections into account. Crypto-currencies are a poor technical “soluti
by FridgeSeal 6y ago
Bold of you to assume that the crypto-crowd have seriously taken fraud and and consumer protections into account. Crypto-currencies are a poor technical “solution” to a socio-economic problem, and while this remains the case associated problems (regulatory constraints, etc) will continue to be things that are relegated to the “don’t care/won’t fix/too hard” basket at worst, and stapled on as an afterthought at best. That’s before we even get to the hardcore libertarian mindset that is incredibly prelevant in crypto-currencies.
- qqii 6y agoExcept projects like TrustSwap exist. The Internet doesn't have built in mechanisms for regulation or fraud and nor should it. Cryptocurrencies obviously don't solve the problem, but can be used to create a stricter set of guarentees than the current sustem.
- paulmd 6y agoIt's more than that, they view existing outside the reach of the legal system and consumer protections as being a benefit. "No chargebacks" is a major selling point that the community uses to evangelize to merchants, and the flip side of that is that it's much less protections for consumers.