Re:Why web3 distributed libraries will change the world
by kristjansson on Tuesday October 05, 2021 @08:32PM
(#28767629)
I'd suppose the maxis would argue that services would spring up to take a small fee, post the collateral, negotiate fair resolution to disputes, etc ... but then they're halfway to reinventing rental agencies, insurance and credit cards and all that with sprinkling of operational and exchange rate risk thrown on top.
Like, I get it, I do: the Fed is out of control (ahem, my username) and inflation yada yada. But in no way is this better from a capital efficiency/economic utility/user experience perspective. I’d rather just book a hotel or airbnb where my credit card can play the role of escrow, or judge and jury (or an actual judge and jury if things really go sideways).