Re:Why blockchain is not yet working (2018)
by dmitriid on Sunday February 14, 2021 @12:03PM
(#26133950)
> A person can have access to the same financial products that banks have access to
Like reverting transactions? Handling of disputes? Fraud detection?
> Essentially blockchain makes financial products faster, cheaper and more accessible.
You literally mentioned bad UX just a few sentences ago? How that makes it more accessible than existing systems?
Cheaper? What's the transaction cost at any given moment in time?
Faster? Credit card transactions are instant these days, have no fluctuating costs, and carry an added benefit of, you know, customer and seller protections.
Like reverting transactions? Handling of disputes? Fraud detection?
> Essentially blockchain makes financial products faster, cheaper and more accessible.
You literally mentioned bad UX just a few sentences ago? How that makes it more accessible than existing systems?
Cheaper? What's the transaction cost at any given moment in time?
Faster? Credit card transactions are instant these days, have no fluctuating costs, and carry an added benefit of, you know, customer and seller protections.