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Ah I see the confusion now. By intermediary I meant "trusted intermediary" (e.g. like PayPal, Visa, a bank, etc.).
by olalonde 5y ago
Ah I see the confusion now. By intermediary I meant "trusted intermediary" (e.g. like PayPal, Visa, a bank, etc.).
- dmitriid 5y agoAh yes. Because with "programmable money" we now have untrusted intermediaries: programmers who code scammy contracts (at the very least you'll need those intermediaries). And don't forget those who code the wallets, and the exchanges, and the people who will convert your tokens into actual money you can buy stuff with... Ah, it's so good to finally get rid of these "trusted intermediaries like PayPal, Visa, a bank..." Oh wait, my money is gone, how do I revert the transaction?...