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The first reason it is necessary is that the actual secret is revealed so the transaction entirely relies on trustworthy parties.
by ilaksh 4y ago
The first reason it is necessary is that the actual secret is revealed so the transaction entirely relies on trustworthy parties.
- _aavaa_ 4y agoWhat secret are you talking about? What do you do if the other party does not hold up their end of the bargain after they received the money??
- ilaksh 4y agoThe credit card number lol. That's a different issue. First issue is much more primary.
- _aavaa_ 4y agoA credit card transaction does not in principle have to send the credit card number to the vendor (e.g. Apple Pay already does this). But a crypto transaction in principle does not allow for charge backs since transactions go one way.