4 ms·

He can work for Alice or anyone else in the world without having to deal with intermediaries and bureaucracy.

peoplefromibiza 5y ago
> He can work for Alice or anyone else in the world what's stopping him now? > without having to deal with intermediaries and bureaucracy. you mean laws? edit: immagine this situation, Bob does the job, the other party never clicks on "done", Bob doesn't get the money, what Bob can do if there's no intermediary and/or bureaucracy protecting him?
- throwaway405769 5y ago
  Laws are not ideal and are often used to discriminate against certain groups. > immagine this situation, Bob does the job, the other party never clicks on "done", Bob doesn't get the money, what Bob can do if there's no intermediary and/or bureaucracy protecting him? As I said, there is a period of funds lock-up. In the worst case, Bob has to wait some time until the smart contract sends him his payment.
  - peoplefromibiza 5y ago
    > Laws are not ideal and are often used to discriminate against certain groups and your virtual ideology is better, how? since nobody can enforce anything. > As I said, there is a period of funds lock-up. In the worst case, Bob has to wait some time until the smart contract sends him his payment. What if they payment is never sent and "some time" is forever? You need laws after all (AKA a solution outside of the chain, or a deus ex machina if you want) If I was Bob I would not see this thing you're talking about like a great advancement and would continue doing my job like I do it now. I mean, I get you watched a lot of fiction and wanna feel like living as an outlaw, but even outlaws have laws and follow some of them. You are trading mid to low trust in your local community for zero trust to some entity you'll never know, who'll never know you, couldn't care less about you and respecting the terms of some virtual contract and pretend we all should do the same. Do you understand that this is the exact definition of "out of touch"?
    - throwaway405769 5y ago
      >and your virtual ideology is better, how? Virtual ideology? Also, does the word permissionless ring a bell? >What if they payment is never sent and "some time" is forever? You have no idea how smart contracts work, do you?
      - peoplefromibiza 5y ago
        > Also, does the word permissionless ring a bell? a door with no lock it's perrmissionless how does this solve the issue of authoritarian governments? > You have no idea how smart contracts work, do you? I was writing smart contracts in solidity in 2015 at least it was something new back then... but back on topic, what if they payment is never sent and "some time" is forever? can you tell me what tools can the poor Bob use to claim what is legitimately his in your perrmissionless world? how would you encode the "work completed" in a smart contract? should nodes run by people in the Philipines vote on Bob's work, when Bob lives in Yowa and only wanted to be paid for keeping the gardens in his neighborhood clean (as per job description)?
        throwaway405769 5y ago
        I think you're being disingenuous since it's hard to believe that you still don't understand this. 1. Alice hires Bob to do a job. 2. Alice deposits money into the timelocked escrow smart contract. 3. Bob signals that the job is done. 4. If Alice signals that it's all good, Bob can withdraw his paycheck from the escrow. 5. If Alice is not happy with the job, she has predetermined amount of time to raise a dispute and get it settled, to decide whether Bob gets the money. 6. If Alice is not available for some reason and just disappears, Bob will still get his paycheck, although after waiting for the predetermined time.
        peoplefromibiza 5y ago
        > to raise a dispute and get it settled, to decide whether Bob gets the money. who decides? and how? and what are the consequences for Bob and Alice? and what happens if Alice or Bob are not happy with the verdict? > Alice is not available for some reason and just disappears, Bob will still get his paycheck it's fun you don't see any problem and think of this as an acceptable solution, even if it fails in its most basic form. You can only hire someone for a job if you have the money. In reality many people hire someone for a job and thanks to their help they'll have the money to repay them in the future. Money that at the beginning they do not possess. Basically credit does not exist in your world, but you still think that it's better for the poor folks. But what if Alice disappeared because she's dead, and Bob id the one who killed her? do you ever stop to think about real life? genuinely curious. (not to sound harsh, but you just reinvented escrow accounts, in a more complex way...)

> He can work for Alice or anyone else in the world what's stopping him now? > without having to deal with intermediaries and bureaucracy. you mean laws? edit: immagine this situation, Bob does the job, the other party never clicks on "done", Bob doesn't get the money, what Bob can do if there's no intermediary and/or bureaucracy protecting him?

throwaway405769 5y ago
Laws are not ideal and are often used to discriminate against certain groups. > immagine this situation, Bob does the job, the other party never clicks on "done", Bob doesn't get the money, what Bob can do if there's no intermediary and/or bureaucracy protecting him? As I said, there is a period of funds lock-up. In the worst case, Bob has to wait some time until the smart contract sends him his payment.
- peoplefromibiza 5y ago
  > Laws are not ideal and are often used to discriminate against certain groups and your virtual ideology is better, how? since nobody can enforce anything. > As I said, there is a period of funds lock-up. In the worst case, Bob has to wait some time until the smart contract sends him his payment. What if they payment is never sent and "some time" is forever? You need laws after all (AKA a solution outside of the chain, or a deus ex machina if you want) If I was Bob I would not see this thing you're talking about like a great advancement and would continue doing my job like I do it now. I mean, I get you watched a lot of fiction and wanna feel like living as an outlaw, but even outlaws have laws and follow some of them. You are trading mid to low trust in your local community for zero trust to some entity you'll never know, who'll never know you, couldn't care less about you and respecting the terms of some virtual contract and pretend we all should do the same. Do you understand that this is the exact definition of "out of touch"?
  - throwaway405769 5y ago
    >and your virtual ideology is better, how? Virtual ideology? Also, does the word permissionless ring a bell? >What if they payment is never sent and "some time" is forever? You have no idea how smart contracts work, do you?
    - peoplefromibiza 5y ago
      > Also, does the word permissionless ring a bell? a door with no lock it's perrmissionless how does this solve the issue of authoritarian governments? > You have no idea how smart contracts work, do you? I was writing smart contracts in solidity in 2015 at least it was something new back then... but back on topic, what if they payment is never sent and "some time" is forever? can you tell me what tools can the poor Bob use to claim what is legitimately his in your perrmissionless world? how would you encode the "work completed" in a smart contract? should nodes run by people in the Philipines vote on Bob's work, when Bob lives in Yowa and only wanted to be paid for keeping the gardens in his neighborhood clean (as per job description)?
      - throwaway405769 5y ago
        I think you're being disingenuous since it's hard to believe that you still don't understand this. 1. Alice hires Bob to do a job. 2. Alice deposits money into the timelocked escrow smart contract. 3. Bob signals that the job is done. 4. If Alice signals that it's all good, Bob can withdraw his paycheck from the escrow. 5. If Alice is not happy with the job, she has predetermined amount of time to raise a dispute and get it settled, to decide whether Bob gets the money. 6. If Alice is not available for some reason and just disappears, Bob will still get his paycheck, although after waiting for the predetermined time.
        peoplefromibiza 5y ago
        > to raise a dispute and get it settled, to decide whether Bob gets the money. who decides? and how? and what are the consequences for Bob and Alice? and what happens if Alice or Bob are not happy with the verdict? > Alice is not available for some reason and just disappears, Bob will still get his paycheck it's fun you don't see any problem and think of this as an acceptable solution, even if it fails in its most basic form. You can only hire someone for a job if you have the money. In reality many people hire someone for a job and thanks to their help they'll have the money to repay them in the future. Money that at the beginning they do not possess. Basically credit does not exist in your world, but you still think that it's better for the poor folks. But what if Alice disappeared because she's dead, and Bob id the one who killed her? do you ever stop to think about real life? genuinely curious. (not to sound harsh, but you just reinvented escrow accounts, in a more complex way...)