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Maybe someone does want to create a very special and expensive type of bread and sell it worldwide. In order to accept payment, they must become a merchant wit

Maybe someone does want to create a very special and expensive type of bread and sell it worldwide. In order to accept payment, they must become a merchant with some centralized entity (Paypal, Mastercard, Visa). They must hope they live in the subset of countries where this is allowed. They must agree to a one-sided TOS that can be changed at any time. Then they must hope that all their buyers are honorable and trustworthy as those entities favor the buyer in a dispute. This is not an optimal state of affairs for the aspiring artisan bread maker.

dralley 5y ago
>They must hope they live in the subset of countries where this is allowed. Although the overlap between this subset, and the subset of countries with reliable international shipping, is pretty high.
- AnthonyMouse 5y ago
  Relevant if your product is literally bread. Not so relevant if it's photography or software or news reporting or comedy sketches. And even if it is bread, having one problem is better than having two problems.
RandomLensman 5y ago
Depending where you live, there will already be restrictions who you can do transactions with (sanctions etc.). So irrespective of technology the world doesn't quite accommodate this at present.
hellojesus 5y ago
Or they could sell their bread locally for cash only. Or they could make their own payment processor if the existing ones weren't doing a good enough job for them. There are a lot of avenues to work around the cartel of the banking industry, and I am a fan of any implementation that ignores the unconstitutional Bank Secrecy Act. Crypto does fall into this category but is not the only method.
- landemva 5y ago
  'Or they could make their own payment processor...' Theoretically maybe. Money transmission laws will likely trip them up. Big barrier to entry.
  - hellojesus 5y ago
    Yes, that's why I stated that crypto was still applicable. You get the benefits of money transfer without the barriers to entry (except maybe in converting to and from fiat).

dralley 5y ago

>They must hope they live in the subset of countries where this is allowed. Although the overlap between this subset, and the subset of countries with reliable international shipping, is pretty high.

AnthonyMouse 5y ago
Relevant if your product is literally bread. Not so relevant if it's photography or software or news reporting or comedy sketches. And even if it is bread, having one problem is better than having two problems.

RandomLensman 5y ago

Depending where you live, there will already be restrictions who you can do transactions with (sanctions etc.). So irrespective of technology the world doesn't quite accommodate this at present.

hellojesus 5y ago

Or they could sell their bread locally for cash only. Or they could make their own payment processor if the existing ones weren't doing a good enough job for them. There are a lot of avenues to work around the cartel of the banking industry, and I am a fan of any implementation that ignores the unconstitutional Bank Secrecy Act. Crypto does fall into this category but is not the only method.

landemva 5y ago
'Or they could make their own payment processor...' Theoretically maybe. Money transmission laws will likely trip them up. Big barrier to entry.
- hellojesus 5y ago
  Yes, that's why I stated that crypto was still applicable. You get the benefits of money transfer without the barriers to entry (except maybe in converting to and from fiat).