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That solves the problem in the sense that it replaces the problem with another, functionally identical problem. If the need for escrow diminishes because trust
by Arnt 6y ago
That solves the problem in the sense that it replaces the problem with another, functionally identical problem.
If the need for escrow diminishes because trust is provided in other ways, then it doesn't really matter to the escrow agency which currency the former customers now use to settle their purchases.
- libertine 6y agoI think the point is about the need to buy money to upfront it, and have to pay to make it secure. Imagine a factory saying: you can pay on delivery if you use this currency, or you have to upfront 50% to the escrow (which you'll have to pay for it's service, and the interest if you used credit). This second scenario you won't have your money stalled for months while paying for it.