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This is just the "think of the children" argument. Think of credit card fraud and the $25 billion lost to it every year(half a Madoff). Then countless start up
by smoovb 5y ago
This is just the "think of the children" argument.
Think of credit card fraud and the $25 billion lost to it every year(half a Madoff). Then countless start ups, engineers and customer service employees that all deal with the excess fat of correctly routing payments. All these resources to put guard rails on a flawed process, funded by the 3% skim off the top.
Blockchain for finance demands high user accountability, a refreshing change for anyone who's been on the other end of a reversed payment.
- pcwalton 5y agoThe entire justice system is a "think of the children" argument. I do not in fact find "high user accountability" "refreshing" any more than I would find the necessity of defending myself if robbery were legalized "refreshing". Yet again: I would like to see a defense of cryptocurrency that doesn't require me as a precondition to subscribe to the policy positions of the Mises Institute.