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What exactly would be solved by Bitcoin here ? Bitcoin is not an escrow, and crypto escrow is a joke for contracting - by the time you deliver the crypto value
by moonchrome 4y ago
What exactly would be solved by Bitcoin here ?
Bitcoin is not an escrow, and crypto escrow is a joke for contracting - by the time you deliver the crypto value could be off insanely.
- ilaksh 4y agoActually with advanced cryptocurrencies this is false. One can build an escrow system that uses a stablecoin and does not require a third party. (It's also possible to build in different types of public arbitration if you want.)
- EVa5I7bHFq9mnYK 4y agoCurrency stability is a relative and psychological issue; for someone in Russia, people holding USD are crazy adventurers, as value of US dollar fluctuated from 120 rubles to 50 and now back to 76, all within a year. For a Bitcoiner, a USD hodler irresponsibly lost 99% of his savings within a few years.
- Laaas 4y agoThe important part is its value relative to the value of your expenses.