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This is because "peer-to-peer digital cash" is incompatible with features that consumers definitely want, such as, reversibility, legal protection and customer
by lottin 5y ago
This is because "peer-to-peer digital cash" is incompatible with features that consumers definitely want, such as, reversibility, legal protection and customer support.
- _red 5y agoWell, the nuance is not every consumer desires every transaction to have those things. Trying to make blanket statements leads to incorrect conclusions...there are a myriad of cases where consumers prefer classes of transactions to be digital-cash like.
- thefounder 5y ago>> such as, reversibility, legal protection and customer support. Most crypto holders just want digital cash...not another paypal. We already have paypal. I don't want "customer support" when I put my cash down...neither reversibility or "legal protection(whatever that means). There are legal agreements that can be set for different types of transaction but I definitely don't want paypal, visa or some random bank to decide whether it likes my transaction or not or put it on hold for "my own protection".
- anonymoushn 5y agoMy impression is that Strike is not providing these features, it's just inserting a central hub in the LN path used by its users.