News for hackers. Stuff that matters.

A comment on You Do Not Need Blockchain: Popular Use Cases and Why They Do Not Work. Parent comment

Re:You Do Not Need Blockchain: Popular Use Cases and Why The... by skilgarriff on Friday February 22, 2019 @02:52PM (#19228533)
The same way that I secure my transaction when I pay the waiter for my meal in cash by giving it to them when I'm done eating.

I've paid for a lot of services in Bitcoin and been paid in Bitcoin. It's generally been a very smooth and enjoyable process.

[ Parent | on HN ]
Re:You Do Not Need Blockchain: Popular Use Cases and Why The... by biot on Friday February 22, 2019 @08:25PM (#19230940)
A successful transaction is when one party pays and the other party delivers the good/service. If one party delivers but the other fails to hold up their end, blockchain technology doesn’t help and the solution is to seek recourse via the courts. You can mitigate this via escrow but that’s no different than non-blockchain transactions.
[ Parent | on HN ]