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How does crypto solve shoplifting? Banks do credit worthiness checks as part of business. Movie theaters actually do keep a banned list and enforce it.
by vorpalhex 4y ago
How 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.