Re:An embeddable and customizable fiat-to-crypto onramp
by tsimionescu on Friday December 02, 2022 @06:01AM
(#33828982)
> All trading parties (and the individuals that make them up) do NOT trust each other without shared history.
Really? When you're paying at the supermarket, you have no trust that the cashier won't just run away with your cash? When you pay someone in the market, you don't trust that they will give you your bags after counting the cash?
I've seen this with lots of crypto enthusiasts, where they seem to live in a parallel dimension where people only comply with basic social norms under fear of loss or violence. The reality is of course the opposite: most people trust random merchants (especially in person) not to screw them over much more than they trust the police to get their money back if they are screwed over.
Really? When you're paying at the supermarket, you have no trust that the cashier won't just run away with your cash? When you pay someone in the market, you don't trust that they will give you your bags after counting the cash?
I've seen this with lots of crypto enthusiasts, where they seem to live in a parallel dimension where people only comply with basic social norms under fear of loss or violence. The reality is of course the opposite: most people trust random merchants (especially in person) not to screw them over much more than they trust the police to get their money back if they are screwed over.