Re:You Do Not Need Blockchain: Popular Use Cases and Why The...
by SilasX on Friday February 22, 2019 @06:24PM
(#19230128)
That’s why I never said “you have to use bitcoin because courts are too expensive”. That’s an implication you made up out of whole cloth because you never considered that I wrote my comment before the edit.
As it happens — and not that it matters to you — I agree that the small-transaction-with-untrusted-party case is not a good use of blockchain.
I was only objecting to the OP’s implication that courts are sufficient to ward off all contractual violations. As of the edit, the OP clarified s/he didn’t mean that, and so I’m in agreement with him/her, but that apparently doesn’t stop you from lecturing me as if I weren’t.
One of my frustrations with discussions of blockchain is how quickly it diverges from reality. Most financial disputes today are resolved without a lawsuit or a prosecution, which I think you know. And transacting $5 via blockchain today will involve 3rd parties with whom you could develop a dispute, and then you'd be right back where you would be for any other $5 transaction.