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by homogeneous 3654 days ago
If that's the case then I'm confused as to where the cryptocurrency comes in. A security deposit works just as well with fiat cash as it does with cryptocurrency and in your example there is no money exchanged at all.
1 comments

Money is only a token of value.

What if you were unable to accept cash (for example, you are on vacation)?

Wouldn't it be useful to make a deposit on a car, right before you use it?

What hasn't been explained here, are what guarantees the depositor receives.

I just don't see how ethereum (or even bitcoin) is useful here. If you make a deposit on a rental vehicle then the deposit will be returned when you return the vehicle as it was given to you. Why is a smart contract needed?
When you do not want to be there to physically collect the deposit?
Certainly a smart contract is not necessary for that.
Can you link to such an implementation?
I'm not really sure what you're asking for. If you're looking for a system capable of accepting payment without an attendant there are many. Here is just one example:

http://bw-2e2c4bf7ceaa4712a72dd5ee136dc9a8-bwcore.s3.amazona...

If this is not the type of device you're talking about please be more specific.