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by lordnacho 3250 days ago
The happy medium has been found already. Would people trust Visa and MasterCard if they allowed double spending? I'm guessing not. So by virtue of having a very large investment in their corporate brands, the old economy already came up with a solution to the trust problem.

Heck, everywhere you look there's a solution to the trust problem; it's fundamental to human interactions.

- There are courts. If you try to screw me, I can drag you into one. Nothing's perfect and there's probably a minimum amount I'd not bother Judge Judy for, but it's a solution a LOT of people rely on. And I can tack all sorts of things on to this like warranties and insurances.

- Brands. Look, we burn all this money on getting sports stars to pose for pictures. And there's reviews of our product in papers. If we did something stupid, you'd know. Again, it ain't perfect.

- Escrow. Don't trust me? Trust this guy.

1 comments

True, and funny too how technology "disrupts" only to eventually repeat history.

    What has been will be again,
    what has been done will be done again;
    there is nothing new under the sun.