Re:You Do Not Need Blockchain: Popular Use Cases and Why The...
by turtlesdown on Friday February 22, 2019 @07:13PM
(#19230448)
> The whole point is the cases where it's not.
So your argument is that blockchain is only useful for international trade with tiny businesses?
> Even for higher margin transactions, higher overhead is no advantage.
Most people consider low corruption, high rule of law countries ideal places for business, with the higher overhead...
Re:You Do Not Need Blockchain: Popular Use Cases and Why The...
by AnthonyMouse on Friday February 22, 2019 @10:38PM
(#19231435)
> So your argument is that blockchain is only useful for international trade with tiny businesses?
That is one use, not the only use. And don't discount the scope of international transactions with individuals.
> Most people consider low corruption, high rule of law countries ideal places for business, with the higher overhead...
When the overhead comes with something worth more than it costs you. Sometimes it doesn't.
> Probably still illegal to do business with you if the government has outlawed work with specific sanctioned countries, etc.
The whole point is the cases where it's not.
Many banks and payment processors won't do business with you when your business isn't worth the effort of verifying you. That doesn't mean it's necessarily illegal for the bank, much less the seller of whatever you're buying, to do business with you. But you can't do the perfectly legal transaction if the customer has no way of paying.