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I don't understand this hatred for middlemen amongst the crypto crowd. Middlemen provide trust. You want to replace middlemen as trust providers with code? The
by yashg 5y ago
I don't understand this hatred for middlemen amongst the crypto crowd. Middlemen provide trust. You want to replace middlemen as trust providers with code? The trustless solutions like Proof of work are slow and inefficient and cost much more than middlemen do.
And despite all of that the cryptoverse still has middlemen and centralised platforms. Because not everyone has to run their own node. Be your own banks is not feasible for majority of human population.
- MrMan 5y agocrypto VCs just want to shuffle the chairs and create chaos which encourages the rise of new middlemen who they want to finance. its really simple
- valcron1000 5y agoHave you used several middlemen? I have, because I have no other option if I want to actually get paid. I've used Wise, Payoneer, Paypal, Paysera, Western Union, Revoult, Bankera, among others that I'm probably forgetting. They all suck. They decide what I can or can't do with my money. They can freeze my accounts, stop transfers, force me to share details and I can't do anything about it. I rather use crypto than any of those awful services.
- yashg 5y agoActually I have. I have also rambled against PayPal right here on HN. I would still deal with a middleman like that than trust a Ponzi scam to handle my money.