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If you don't trust the customer, don't take their business.
by vorpalhex 4y ago
If you don't trust the customer, don't take their business.
- rglullis 4y agoRight, shoplifting doesn't exist. Movie theaters run around profitably by getting people to pay whatever they want. They even let them bring their own food. And banks give you a mortgage just because you look like such a trustworthy dude.
- vorpalhex 4y agoHow does crypto solve shoplifting? Banks do credit worthiness checks as part of business. Movie theaters actually do keep a banned list and enforce it.
- rglullis 4y agoMy comment was just meant to show the absurd of "not making business if you don't trust the customer"
- vorpalhex 4y agoBut that is literally what your examples are doing! Either not doing business because of lost trust or establishing trust before giving money.
- rglullis 4y agoNo. What I am saying is that for the majority of cases, there is no "trust" involved. There is a protocol that ensures that the exchange occurs properly, regardless of any trust relationship between customer and seller.
- TheOtherHobbes 4y agoHow are you supposed to know which customers are trustworty and which aren't?
- vorpalhex 4y agoLast time I got a mortgage I had to turn over financial history and have credit checks run. I have definitely had to pass background checks as a customer before. Your landlord asks you to post a security deposit. We literally have an entire credit worthiness sector. You can also invert this and take trust as a default and only ban misbehaving customers.
- scatters 4y agoSo people with low social capital should do what, starve?
- vorpalhex 4y agoGrocery stores are pretty low trust environments. If you literally are getting banned from grocery stores and starving the answer is probably "the prison warden has a legal duty to feed you".