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Normally I would scoff at this, but having had to physically chase down customers before over bounced checks, I could really get behind something unreturnable l
by KDJohnBrown 6y ago
Normally I would scoff at this, but having had to physically chase down customers before over bounced
checks, I could really
get behind something unreturnable like cryptocurrency.
- kube-system 6y agoOf course, people on the receiving end of a payment love un-reversible payments. The same is not so true for people who are sending said payment and expecting that work gets done.
- bawolff 6y agoIf only someone would make a gig marketplace website that could act as an escrow, collecting money upfront and distributing once the work is done.
- KDJohnBrown 6y agoTrust is difficult. How do you programmatically define “done” so that the customer cannot screw you?
- mytailorisrich 6y agoGood luck reversing a bank transfer.
- KDJohnBrown 6y agoYou would be surprised how many American companies still prefer to pay check. I used to consult for a payments startup which would only pay by check (and always at least 45 days late). It’s a way to abuse vendors.
- CryptoPunk 6y agoWire transfer fees can be prohibitive for small contracts, and making an international transfer is quite time consuming, in that it typically requires visiting a physical bank branch.