4 ms·
That isn't a property of fiat currency, that's a property of the bank/credit card you use. Someone could make a service with delayed settlement that is denomin
by cwkoss 4y ago
That isn't a property of fiat currency, that's a property of the bank/credit card you use.
Someone could make a service with delayed settlement that is denominated with Bitcoin, and it would work just the same.
If you pay someone with a $100 bill, your only recourse is to ask for them to return it: the same as Bitcoin.
- bryananderson 4y agoSure, but there’s no way for the delayed settlement mechanism to handle fuzzy real-world judgment calls (such as a dispute about whether a service was rendered or not) without resorting to a centralized oracle of some sort—and then you’ve broken trustlessness and may as well have avoided blockchain altogether and saved yourself the transaction fees.