3 ms·

How will I get insurance or coverage against fraud in a permissionless system -- who will be my intermediary?

• ric2b 6y ago
  There's no reason why you can't have those same systems on top of Bitcoin. For some applications they can be safer, like openbazaar vs ebay.
  • xapata 6y ago
    https://openbazaar.org/features/ https://openbazaar.org/features/ > It’s important to choose a moderator that is trustworthy for both parties on a decentralized network so make sure to join the OpenBazaar discussion communities and learn How To Choose a Good Moderator. I don't want to learn "How To Choose a Good Moderator." I'd like to have someone with deep pockets that I can sue for damages if they don't keep their guarantees, like Visa.
    • ric2b 6y ago
      Ebay or Visa could easily be a moderators on the platform. And they would be safer than they currently are, currently they can theoretically run away with your money and your best hope is to sue them.
      • xapata 6y ago
        How do they get paid? I didn't see that in the FAQ. Presumably they take a cut from the seller? If so, I'd imagine it might be frustrating to negotiate which 3rd party you pick for what fee for each transaction.
        • ric2b 6y ago
          Perhaps, but is it that different from sellers selling only on some specific websites/stores and not the ones you want to buy from?
          • xapata 6y ago
            That's my point. I don't see how this would materially improve my experience. I've picked my trusted intermediaries and I shop through them.