But organizing “payment” in the form of a cryptocurrency is no different than just depositing money in their bank account.
In some cases it would be: payment that evades government detection, payment that allows network participation to be anonymous, etc.
The trust issue would not be part of it in these cases, from a business perspective.
I guess I mean that predicating some network-effect-needing business on blockchain, for these reasons, still just seems like hype. Unless the business is fundamentally about anonymously being compensated in some way, then other existing financial institutions solve the problem (with just as much trust in 99.99999% of scenarios) in a far simpler way.
In some cases it would be: payment that evades government detection, payment that allows network participation to be anonymous, etc.
The trust issue would not be part of it in these cases, from a business perspective.
I guess I mean that predicating some network-effect-needing business on blockchain, for these reasons, still just seems like hype. Unless the business is fundamentally about anonymously being compensated in some way, then other existing financial institutions solve the problem (with just as much trust in 99.99999% of scenarios) in a far simpler way.