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But there are far more consumers than there are sellers. Any system that is tilted in the seller's favor as opposed to the consumer is naturally going to have a
by babypuncher 5y ago
But there are far more consumers than there are sellers. Any system that is tilted in the seller's favor as opposed to the consumer is naturally going to have a hard time becoming the standard. This is at least in part why PayPal has been so enormously successful. It puts the customer's mind at ease.
The way I see it, people with money want to drive crypto adoption because it will tip the balance of power further in their favor. A fully unregulated currency and transaction system can be much more easily controlled by the people with the most capital without having to let that pesky democratic process getting in the way by letting the poors have a say.