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No, cryptocurrencies are reduced to "mailing cash to an anonymous postbox", which has a lot fewer guarantees. I'm happy giving cold hard cash to buy something f
by BoppreH 5y ago
No, cryptocurrencies are reduced to "mailing cash to an anonymous postbox", which has a lot fewer guarantees. I'm happy giving cold hard cash to buy something from a brick-and-mortar store to be delivered in the future.
I'd never mail cash for that purpose.
- deltree7 5y agoBingo! There are <0.0001% of the population who understand transaction risk. If I pay $Cash for Goods, In a trustless network, both side of the exchange have to be instantaneous. I can never pay cryptocurrency for any item that are not verifiable by the network itself, unless there is another trusted 3rd party (cough cough, Credit Card Processors/Banks).